Tag: USA
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China Hikes Tariffs on US Goods to 125%, Hints Trade War May Be Nearing a Resolution
China announced it will raise tariffs on all US goods to 125% starting April 12, escalating its response to Washington’s earlier decision to lift tariffs on Chinese imports to 145%. The move, confirmed by the Ministry of Finance on Friday, marks a significant intensification of the trade dispute but also hints that tensions may have…
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GSA Plans to Sell 443 Federal Buildings, Including FBI Headquarters
The General Services Administration (GSA) recently announced a plan to potentially sell 443 federal buildings, including the J. Edgar Hoover Building, which houses the FBI headquarters in Washington, D.C. This move is part of an initiative to optimize government real estate, cut costs, and generate revenue through property sales. The GSA, which oversees federal properties,…
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Market Snapshot: Everything but Gold, ATH again
US Stock Futures Decline Amid Tariff Concerns; Gold Hits Record High US stock futures dipped as concerns over trade tariffs weighed on market sentiment. Contracts on the S&P 500 and Nasdaq 100 slipped by about 0.3%, retreating from recent record highs. Meanwhile, gold surged to an all-time high above $2,954 an ounce amid geopolitical uncertainty…
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The U.S. Sovereign Wealth Fund: A Game-Changer for Economic Stability or a Risky Bet?
President Donald Trump has signed an executive order directing the U.S. Treasury and Commerce Departments to initiate the creation of a U.S. Sovereign Wealth Fund (SWF). This move could redefine America’s economic strategy, drawing inspiration from successful sovereign wealth funds in countries like Norway, Singapore, and China. These state-owned investment funds typically invest in assets…
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Trump’s 100% Tariff Threat: A Bold Move or a Catalyst for De-Dollarization?
Donald Trump’s recent threat to impose 100% tariffs on BRICS nations if they move away from the U.S. dollar has reignited tensions over America’s economic dominance. For decades, the U.S. dollar has been the backbone of global trade, largely due to the strength of the American economy and its central role in commodities like oil.…
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SHIPS for America Act: Rebuilding U.S. Maritime Power to Rival China’s Fleet
The SHIPS for America Act, introduced on December 19, 2024, aims to revitalize the U.S. shipbuilding and commercial maritime industries. It addresses concerns over the declining U.S. shipbuilding capacity, the shrinking U.S.-flagged commercial fleet, and reduced military support capabilities, particularly in comparison to China’s expanding maritime dominance. A National Maritime Strategy is proposed, featuring the…
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ByteDance (TikTok) Teams Up with Perplexity AI to Save TikTok and Rule the AI World
ByteDance, the parent company of TikTok, is currently exploring a strategic collaboration with Perplexity AI, with the primary goal of addressing U.S. regulatory challenges while maintaining control over its key technological assets. This potential merger is seen as a way to secure TikTok’s future in the U.S. amid concerns over data privacy and national security.…
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Trump Blocks Digital Dollar: Safeguarding Privacy and Shaping the Future of U.S. Finance
In a bold move aligning with the longstanding views of many Congressional Republicans, U.S. President Donald Trump issued an executive order prohibiting the creation of a Central Bank Digital Currency (CBDC). The decision underscores concerns about financial system stability, individual privacy, and national sovereignty, halting the development, issuance, and circulation of a CBDC within U.S.…
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Can Bitcoin Solve the U.S. National Debt Crisis?
President Donald Trump recently proposed using Bitcoin to tackle the United States’ monumental $35 trillion national debt. While this suggestion has sparked excitement among cryptocurrency advocates, it has also raised serious questions about its feasibility and potential implications. Could Bitcoin be a viable solution, or is this merely an innovative but impractical idea? The Case…
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Brace for Market Shake-Up with Trump’s Inauguration
As overnight futures hint at a calm before the storm, financial markets appear to be preparing for significant upheaval. Donald Trump’s imminent return to the White House has sparked expectations of over 100 executive orders, with tariffs topping the list of market concerns. The potential for substantial policy shifts is already influencing global currency markets,…