China Vows to Fight U.S. Tariffs ‘To The End’

This episode explores the escalating trade war between the U.S. and China, focusing on the impact of potential new tariffs and the resulting market reactions. Against the backdrop of President Trump's threat to increase tariffs on Chinese goods by 50%, China vows countermeasures, leading to expectations of a deepening trade conflict. More significantly, China's response includes easing its grip on the Yuan, a move to weaken its currency and make its exports cheaper, potentially boosting its domestic markets. For instance, the Chinese government encouraged state-owned enterprises to buy stocks, leading to market recovery in Hong Kong and Shanghai, while Japan's Nikkei saw a significant rebound due to perceived prioritization in US-Japan trade negotiations. Meanwhile, American businesses are navigating the new tariff landscape, with some shifting supply chains to countries like India as a temporary measure to offset higher tariffs on Chinese goods. However, many companies plan to maintain or even increase ties with China, highlighting the complexities of rapidly changing supply chains. The episode concludes with updates on border security, Supreme Court rulings on deportations, and upcoming talks between the U.S. and Iran regarding Tehran's nuclear program, demonstrating the broad range of geopolitical issues currently impacting global markets.