Tariff crisis Trump's tariff policy
Foreign Minister furious: "Extremely selfish"
On Saturday, Chinese Foreign Minister Wang Yi attacked "some countries'" way of creating "unfair trade wars" and called this "extremely selfish". This is stated in a Chinese communiqué according to TT.
Currently, US tariffs against China are at 145 percent. China has countered with tariffs against the US at 125 percent.
Foreign Minister furious: "Extremely selfish"
On Saturday, Chinese Foreign Minister Wang Yi attacked "some countries'" way of creating "unfair trade wars" and called this "extremely selfish". This is stated in a Chinese communiqué according to TT.
Currently, US tariffs against China are at 145 percent. China has countered with tariffs against the US at 125 percent.
Reactions to the tariffs
Ackman: Both the US and China will win from a quick deal
The longer the tariffs remain in place, the faster companies with a supply chain in China will move it to India, Vietnam, Mexico or the US. This is what hedge fund leader Bill Ackman writes on X.
The common view, he believes, is that China can "win" a trade war against the US because the country has acted clearly more short-term than China. But that argument doesn't hold up, he believes.
"It should be in the interest of both the United States and China to quickly lower tariffs to a more reasonable level – say 10-20 percent," he writes.
Ackman earlier in April supported Trump's tariff policy, but at the same time called for a tariff break. The proposal was immediately accepted by Trump.
Ackman: Both the US and China will win from a quick deal
The longer the tariffs remain in place, the faster companies with a supply chain in China will move it to India, Vietnam, Mexico or the US. This is what hedge fund leader Bill Ackman writes on X.
The common view, he believes, is that China can "win" a trade war against the US because the country has acted clearly more short-term than China. But that argument doesn't hold up, he believes.
"It should be in the interest of both the United States and China to quickly lower tariffs to a more reasonable level – say 10-20 percent," he writes.
Ackman earlier in April supported Trump's tariff policy, but at the same time called for a tariff break. The proposal was immediately accepted by Trump.
Higher prices on hundreds of products on Amazon after tariffs
Amazon's retailers are now raising prices on hundreds of bestsellers in the wake of Donald Trump's tariff war, CNBC reports.
These include higher prices on everything from diaper bags and fridge magnets to necklaces. Since April 9, retailers have raised prices on 930 products by an average of 29 percent, according to Smartscout. The increases are due to increased import costs and apply to categories such as clothing, jewelry and electronics.
Amazon responds that the data is exaggerated and believes that the review only covers a small part of the products sold via the platform. The company further states that less than 1 percent of the products in the survey have become more expensive.
Elon Musk's X
Sources: Musk aims for a giant round for X AI
Elon Musk's AI company X AI is in talks with investors about raising around $20 billion, equivalent to 193 billion kronor, in a new capital round. This is to finance the merger of the AI company and X. This is stated by sources, according to Bloomberg.
If the deal goes through, it would be the second largest capital round for a startup ever, after Open AI raised $40 billion earlier this year. The amount could be higher than $20 billion, according to one source. The final amount has not yet been determined and the terms may change.
The valuation for X AI would then end up at $120 billion.
Amazon's retailers are now raising prices on hundreds of bestsellers in the wake of Donald Trump's tariff war, CNBC reports.
These include higher prices on everything from diaper bags and fridge magnets to necklaces. Since April 9, retailers have raised prices on 930 products by an average of 29 percent, according to Smartscout. The increases are due to increased import costs and apply to categories such as clothing, jewelry and electronics.
Amazon responds that the data is exaggerated and believes that the review only covers a small part of the products sold via the platform. The company further states that less than 1 percent of the products in the survey have become more expensive.
Elon Musk's X
Sources: Musk aims for a giant round for X AI
Elon Musk's AI company X AI is in talks with investors about raising around $20 billion, equivalent to 193 billion kronor, in a new capital round. This is to finance the merger of the AI company and X. This is stated by sources, according to Bloomberg.
If the deal goes through, it would be the second largest capital round for a startup ever, after Open AI raised $40 billion earlier this year. The amount could be higher than $20 billion, according to one source. The final amount has not yet been determined and the terms may change.
The valuation for X AI would then end up at $120 billion.
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