Tuesday’s US/China Trade War Update

At around eight years and starting during the Trump presidency era, the U.S. and China trade war showed no signs of changing. Treasury Secretary Janet Yellen visited China last week, which did not help.Yellen warned China on Monday that Washington would not accept new industries being decimated by Chinese imports. Reuters reported that President Biden did not want the China shock of 2000 to repeat. In that era, the U.S. manufacturing industry lost 2 million jobs.The U.S. is among the Western countries that are pivoting its manufacturing out of China. When the country locked down the borders and…

Today’s Active Stocks: Vale, Intel, Uber, and More

In the last year, Vale (VALE) trended lower. Yesterday’s 5.93% break out is an unusual pattern. Expect traders to potentially take profits on higher volume today. Last month, FT reported that Value may have a £3 legal suit to defend, related to the Mariana dam disaster.After peaking at over $50, Intel (INTC) broke below $38 on Monday. Bears have enough momentum to send the chip giant down to $30. The firm relied too heavily on outsourcing chip production to Taiwan Semiconductor (TSM). Furthermore, it started work on the $100 billion U.S. factory investments. Risks are so high that the…

Letters April 9, 2024: ‘Liberals are taxing us into the poor house.’

Borrowed money Re: PM’s carbon tax defence is incoherent, editorial, April 2 Seems to me that if Justin Trudeau cancelled the carbon tax and, as Steve Ambler (University of Quebec) states, eliminated the hodgepodge of rules, regulations, controls and taxes that are harming the efficiency and competitiveness of the Canadian economy, Canadians could afford to […]