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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

Buffett Nears Milestone as Bank of America Sell-Off Approaches Regulatory Threshold

Warren Buffett's ongoing sell-off of Bank of America Corp shares is approaching a significant milestone, as Berkshire Hathaway Inc. reduces its stake to just above 10%. With the latest round of sales, Buffett’s holdings are set to dip below 10%, a regulatory threshold that would allow him to avoid the requirement of disclosing trades promptly and instead report them quarterly.


Berkshire now holds approximately 10.3% of Bank of America, following a 10-week selling spree. The most recent sale, disclosed in a regulatory filing, showed that Buffett liquidated US$461 million worth of stock over three days through Friday, bringing the total value of sales since mid-July to US$9.4 billion.

Despite these sales, Berkshire Hathaway retains a significant position in the bank, with its remaining stake valued at nearly US$32 billion as of Friday's close. Bank of America remains one of Berkshire's largest holdings, cementing Buffett's firm as the bank’s top shareholder. If Buffett continues at this pace, the conglomerate’s stake will soon fall below 10%, marking a shift in the transparency required for future trades.

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