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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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BlackRock Now Substantial Shareholder of SGX

 

BlackRock has become a substantial shareholder of Singapore Exchange (SGX) after purchasing 18,800 shares from the market. The shares were bought on July 26 for S$182,042.28, or S$9.68 per share.

Following this acquisition, BlackRock’s stake in SGX has increased to 5% from the previous 4.99%. Shareholders who cross the 5% stake threshold are required to disclose their interest on SGX.

Shares in SGX closed five cents, or 0.51%, lower at S$9.67 on Tuesday.

Key Takeaways:

  • BlackRock has increased its stake in SGX to 5% after buying 18,800 shares.
  • The purchase was made on July 26 at S$9.68 per share.
  • BlackRock’s increased stake requires disclosure as it crosses the 5% threshold.
  • SGX shares closed at S$9.67, down 0.51% on Tuesday.
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