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Showing posts with the label trade war

Goodbye US Dollar: 8 Nations Opt For Chinese Yuan Amid De-Dollarization

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The de-dollarization agenda is now gaining worldwide traction as the US dollar keeps displaying significant price volatility. The regular fluctuations encountered by the American currency are leading the world to explore capable alternatives to the US dollar, with a special focus shifting towards currencies such as the euro and Chinese yuan. This development is gaining momentum due to the fiery trade policies that US President Donald Trump has initiated in recent times. The rising trade war fears, coupled with the nations putting counter tariffs on the US, pushed investors to dump the US dollar, adopting alternatives like the yuan to perform cross-border transactions. Also Read: Goldman Bets $1.4B on Blackrock’s Bitcoin ETF: 516 Trillion SHIB Set to Be Hit De-Dollarization Gains Steam: What’s Happening Source: Watcher Guru The financial market is now getting ready to embrace a new change. This change is marked with the rise of the multipolar currency world, where other currencies ...

Canada's Prime Minister & US President Trump to Meet for Tariff Negotiations

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In what could be a meeting with major implications, Canada’s Prime Minister Mark Carney will meet with US President Donald Trump in Washington for the first time since his election win. Indeed, Carney confirmed that the visit will take place next week in what will be a critical moment for both leaders. The relationship between both the US and Canada took a turn in 2025 following Trump’s election win. A brewing trade war between both countries has persisted for much of the US president’s first 100 days back in office, as he has touted the potential for the North American neighbor to become the 51st state. JUST IN: Canadian Prime Minister Mark Carney to visit the US for tariff negotiations with President Trump. — Watcher.Guru (@WatcherGuru) May 2, 2025 Also Read: China Imports Record Amounts of Canadian Oil, Cuts US Purchases Canada’s New Prime Minister Mark Carney to Visit Washington in Critical US Meeting Since early April, the US and Canada have seen tensions r...

De-Dollarization: 3 Reasons Why The World Is Ditching The US Dollar

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De-dollarization, otherwise known as the phenomenon that denotes the dumping of the US dollar on a global scale, is now a burning concept running amok among global nations. The concept is now gaining maximum steam, primarily due to the rising narratives that continue to hammer the US dollar’s prestige and valuation. The American currency is now subject to wild allegations, including its growing weaponization and ability to sanction other nations, that are primarily compelling nations to consider shifting away from the dollar. Will the dollar be able to survive this transition? Also Read: JFK Files: His War on Central Banks – Is Bitcoin (BTC) the Answer for CBDCs? Why Is the Dollar Getting Ditched? 1. Geopolitical Risks And A Brewing Trade War Source: Watcher Guru Donald Trump is now the 47th president of the United States. Trump has long proposed the idea of imposing tariffs on nations to bolster the US economy, which is now backfiring in the form of a bubbling trade war. This phenomen...

US and Ukraine to Sign New Minerals Deal

The United States and Ukraine are preparing to sign a new Minerals deal, sources tell Reuters. Following a controversial Oval Office meeting between US President Donald Trump, VP JD Vance, and Ukraine’s President Volodymyr Zelenskyy, Trump is reportedly telling his advisors that they should announce the deal Tuesday evening. JUST IN: US and Ukraine to sign minerals deal. — Watcher.Guru (@WatcherGuru) March 4, 2025 Trump and Zelensky’s White House interaction has taken the world by storm as the dirty laundry was washed in public. The war of words turned cinema as both leaders indulged in sharp criticism. In the aftermath of the meeting, the minerals deal, which Zelensky visited the US for, was rejected by Trump. However, the Ukrainian President shortly after said that he was open to signing the deal if the US moves forward. Now, it appears the deal will go through. Also Read: BRICS: Brazil Reiterates Need to End US Dollar, Will 150% Tariffs Follow? The proposed agreement represent...

US President Donald Trump to Issue Reciprocal Tariffs

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There is no shortage of geopolitical tensions brewing amid the inauguration of the newest US president. However, those issues appear no closer to a resolution. Indeed, US President Donald Trump is reportedly set to issue reciprocal tariffs, according to a Reuters report. Specifically, the Western nation is set to impose additional import taxes to match those that are imposed by other nations. The decision continues a potential cycle of retaliation stemming from the 25% tariff issued by the new administration last week. To this point, the country has tariffed China, Mexico, and Canada while delaying the tax on the latter two. JUST IN: President Trump to issue reciprocal tariffs to match those imposed by other countries. — Watcher.Guru (@WatcherGuru) February 7, 2025 Also Read: BRICS: Trump Tariff to Trigger Economic Crisis and Diplomatic Disputes? Donald Trump to Announce New Tariffs This Week During his campaign for reelection, Donald Trump was firm in his belief in the institution of...

Tesla (TSLA) Stock Keeps Falling: Are Trump's Tariffs to Blame?

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With growing concerns of a burgeoning trade war taking place, Wall Street has struggled amid the US government’s economic policy shift. Amid that development, Tesla (TSLA) has seen its stock continue to fall, but are US President Donald Trump’s tariffs to blame? Trump issued 10% tariffs on Mexico, Canada, and China on Saturday. Moreover, their implementation led the nations to issue their own retaliatory measures. Although Mexico’s President, Claudia Scheinbaum, announced those tariffs would be delayed, there is still concern regarding how the economic policy could impact the United States. The stock market stands as a sector that could face increased losses. Tesla Shares Drop as Trump Tariff Turmoil Hits Wall Street Source: Investopedia Also Read: US Stocks: Which Was Hit the Hardest by Trump’s Tariffs? The last several months have not been kind to Tesla. The EV manufacturer has struggled, with its stock price facing volatile action since November. Although its Robota...

Is Bitcoin headed below $90,000 amid Trump’s tariffs?

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Late January and early February 2025 have proven turbulent for both the cryptocurrency and the stock market. China’s novel DeepSeek artificial intelligence (AI) model was the first to generate strong headwinds as it marked the entry of a new and powerful competitor to a sector otherwise dominated by American big tech. The other, more recent shock arose ‘on-shore’ as the financial markets reacted swiftly and violently to President Donald Trump’s tariff order that targeted partners and allies with more severe restrictions – 25% on trade with Mexico and Canada – and less severe on countries marked as ‘foreign adversaries – 10% on China. Bitcoin (BTC) experienced one of the strongest reactions as it plunged from highs above $105,000 on January 31 to its press time price of $95,759, though it also saw an even lower low earlier on February 3 when it collapsed below $93,000 before retracing from the support zone as buyers stepped in. ...