In a trade war, you can lead without tariffs

Trade barriers can come in many forms. Tariffs are only one. Licensing requirements, export restrictions and delivery penalties are other obstacles.

Nvidia stated that on Tuesday what would take 5.5 billion dollars Related to the canceled exports of chips to China because of the new US government licensing rules. Beijing avenged Trump’s tariff by implementation Restrictions on export on rare land and iMake antitrust attentiveness to American firms. Donald Trump Administration floats the idea of ​​guiding Pagodes on Chinese containers calling to the US ports.

Considering these developments, the World Trade Organization warned on Wednesday that the global trade forecast was “sharply deteriorated” and prediction by 0.2% in 2025. This is not a simple fear: the shipping court is already canceling its journeys.

The stock market conditions also deteriorated. US shares fell on Wednesday when export restrictions on Nvidia kept investors. Trade – in all contexts – is scored by the press on US President Donald Trump.

American markets shocked by new trading jerks
American stocks dropped on WednesdayGoing to the minimum session after the chairman of the US Federal Reserve on Jerome Powell’s inflation and tariffs. A S&P 500 lost 2.24% and Dow Jones Industrial Medium fell by 1.73%. A Nasdaq Composite sank 3.07%, weighed Heavy decreases in chips Against the background of messages about New US licensing requirements during Nvidia Export. The shares of the manufacturers of the chips sank 6.9%.

Asian markets rest with Wall Rate
Asia-Pacific markets were mostly in Green Thursday. South Korea Kospi added approximately 1%as expected by the Central Bank of the country held his benchmark interest rate by 2.75%. Japan Nikkei 225 rose approximately 1.2%, even if the country report a By 3.9% export growth in MarchThere are no estimates and sharply decreased by 11.4% jump in February.

Tension in double mandate
Powell on Wednesday expressed concern that the Central Bank “may be in a complex scenario in which our The goals with double mandate are in the tension.

WTO warns about disorganization of world trade
” The forecast for global trade has deteriorated dramatically Due to the rise of tariffs and uncertainty of trade, the “World Trade Organization has warned in its latest” global viewing statistics “and on Wednesday. On the basis of tariffs currently existing, including a 90-day suspension of” mutual tariffs “, the volume of global trade is now reduced by 0.2%.

Cargo ships from China that cancel the trips
American importers are reported Increase canceled swimming on cargo ships from China: A total of 80 blank or canceled, swimming from China were recorded by from from from from the age of the age of HLS Group. The impact of reduced traffic containers on North America will be significant for many links in the economy and supply chain, including ports and logistics companies that move the cargo.

TSMC’s profits wins expectations
Taiwanese semiconductor production company reported on Thursday Profit in the first quarter who won the analysts’ expectations. The net income company for the production of chips increased by 60.3% compared to the year to $ 361.56 billion ($ 11.1 billion), and net income increased by 41.6% to $ 839.25 billion from the same period last year. Demand for artificial intelligence chips has raised the state of TSMC, but Trump tariffs threaten the future earnings.

(Pro) is still sure of the dollars: Piper Sandler
The dollar index, which measures the green defender from the basic basket, fell last week to the lowest point since April 2022 amid enhanced uncertainty from Trump tariffs. It is more anxious that the US dollar is usually regarded as a safe assets during the volatility, so its weakening is of concern. However, Piper Sandler is still confident in currency – Therefore.

China is aimed at US services and other areas as indicates “meaningless” tariff hiking on goods

Last week, China announced that it was done to avenge the tariffs for US President Donald Trump, saying that the greater increase in the United States would be “joking” and Beijing “ignores” them.

Instead of continuing to focus on tariff goods, China has decided to refer to other measures, including steps aimed at the US Sector Sector. Beijing has rolled out a number of unverified restrictive measures, such as expanding rare minerals and opening antitrust probe in US companies.

In addition, China is considering some as trying to expand the trading war to cover the trade in services – covering travel, legal, consulting and financial services – if the United States has been conducting significant surplus with China over the years.