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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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Asian Shares Slip as Nvidia's Results Disappoint

Asian markets tracked lower following Wall Street futures on Thursday after Nvidia's earnings report failed to meet the high expectations of bullish investors, despite surpassing revenue forecasts. Nvidia's shares fell nearly 7% in after-hours trading, leading to declines in other tech stocks and contributing to broader market softness.

Key Takeaways:

  1. Nvidia's Impact on Markets: Despite strong revenue forecasts, Nvidia's results fell short of the high expectations set by investors, leading to a significant drop in its shares and a broader decline in tech stocks across Asia.

  2. Market Reactions: Asian markets, including the Nikkei and South Korea's indices, experienced declines, while Nasdaq and S&P futures also dropped. Nvidia's contractor, TSMC, saw its shares slip, impacting the broader Taiwanese market.

  3. Broader Economic Signals: The US dollar steadied, and Treasury yields remained stable, with investors closely watching upcoming US job reports and inflation data for signs of potential Federal Reserve rate cuts. Meanwhile, China’s economic concerns persisted, highlighted by UBS lowering its GDP growth forecast for 2024.

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