Trade With China Is Becoming a One-Way Street
President Trump is trying to further open up China's market to U.S. companies as Beijing's appetite for the rest of the world's exports is diminishing

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
34 minutes ago
- Yahoo
Trump's tariffs and tax bill look like a 'Greek tragedy' that could tank the economy and stocks, former IMF official warns
Trump's economic policies pose the risk of inflation and recession, says former IMF official Desmond Lachman. He is among a chorus of experts that have expressed concern over Trump's proposed tariffs and tax cuts. Rising inflation and bond yields as a result of these policies could hurt stocks, Lachman warns. Like a protagonist in a Greek tragedy, President Donald Trump is exhibiting a concerning level of hubris in his handling of the US economy, former IMF official Desmond Lachman worries. Despite warnings from credible sources — like Fed Chair Jerome Powell, JPMorgan CEO Jamie Dimon, and BlackRock CEO Larry Fink — about what tariffs would mean for inflation and growth, and what his tax cut bill would mean for bond yields and the US dollar, Trump is doubling down on these policies, Lachman said in a June 10 post for the American Enterprise Institute, where he is a senior fellow. Unless Trump changes course, Lachman said, he could end up reigniting inflation, pushing up long-term bond yields, further tanking the US dollar, and sending the US economy into recession. "To Trump, these warnings are like water off a duck's back. Instead of dialing back his tariff policy, Trump has recently raised the import tariff on all aluminum and steel imports to a staggering 50%," Lachman wrote. He continued: "At the same time, instead of coming up with belt-tightening revenue and spending measures to address the country's gaping budget deficit of 6.25% of GDP, Trump is making every effort to secure the passage of his budget-busting One Big Beautiful Bill." So far, inflation has been tame and the labor market has held up as businesses have started to digest tariffs. But Lachman said the US economy is not out of the woods yet. Since businesses stockpiled inventory to prepare for Trump's tariffs, their effects won't start to show up until the second half of the year, he told Business Insider on Friday. "The fact that you're not seeing it in the May, June, July data, it doesn't mean anything," Lachman said. Here's the US trade deficit showing a surge in foreign goods buying from US businesses in late 2024 and early 2025. But tariffs aren't the only inflationary factor potentially at play. Lachman said that if you add the implications of Trump's tax bill on the value of the US dollar as the the national debt and budget deficit grow, consumers could end up paying even higher prices. With the dollar's value down 10%, for example, it means foreign goods are more expensive in addition to the 10% tariffs, or more, already being paid. In an inflationary environment — and with no indication that the US government is looking to reduce its debt and budget deficit — foreign investors have started to flee, and could continue to do so. That could send long-term Treasury rates soaring, Lachman said, slowing the US economy as the cost of lending follows suit. All of this puts US stocks in danger with valuations elevated, Lachman said. For example, here's the Shiller cyclically-adjusted price-to-earnings ratio for the S&P 500, which measures current stock prices against a rolling average of earnings over the last 10 years. "Start with the fact that the stock market has got very high valuations, and then overlay that with the likelihood that you could have either a bond or a dollar crisis, and it would seem to me that stocks don't do very well," he said. The myth probably most associated with hubris and its sometimes disastrous consequences is the tale of Icarus. Looking to escape from a labyrinth, his father builds him wings made of wax. Icarus succeeds in getting off the ground, but in the end ignores his father's warnings and flies too close to the sun, melting his wings. Trump having imposed steep universal tariffs without sparking inflation or a recession has so far defied conventional wisdom and warnings from top economists. But with Trump's tax bill on the way, will his wings, along with the US economy and stock market, soon start to melt? Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
39 minutes ago
- Yahoo
Stifel Starts Uber Technologies, Inc. (UBER) at Buy, Cites Strong Growth
Uber Technologies, Inc. (NYSE:UBER) is among the 10 Best Growth Stocks Under $100 to Buy Now. Analysts at Stifel initiated the 'Buy' rating for Uber Technologies, Inc. (NYSE:UBER), with a price target of $110, highlighting an upside of nearly 27%. The analysts believe the giant can meet or even exceed its 2024 targets, including mid-to-high-teens growth in gross bookings and a high EBITDA compound annual growth rate. The financials of the company reinforce a somewhat similar picture. Just recently, Uber Technologies, Inc. (NYSE:UBER) inked the acquisition of Taiwan fleet dispatcher Crown Taxi in an attempt to enhance its presence in the Taiwanese market. While the deal is pending regulatory approval, if successful, it can offer Crown Taxi professional drivers a smoother working experience and increase passenger, in general. A close up view of a hand holding a smartphone, using a ride sharing app. For a company like Uber Technologies, Inc. (NYSE:UBER), there's a lot to look forward to. The perfect blend of AI, ML, and cloud infrastructure positions the company as more than just a transportation provider. Given its record of losses, the company has managed to build a sustainable business model on the foundations of innovation and smart capital. Uber Technologies, Inc. (NYSE:UBER) is a California-based developer and operator of proprietary technology applications. With a global presence, the company has three main segments: Mobility, Delivery, and Freight. Founded in 2009, Uber is committed to creating opportunity through movement. While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
an hour ago
- Yahoo
Aslan Energy Capital and JIEP Sign Heads of Agreement to Develop East Jakarta's Renewable-Powered Hyperscale Data Center
JAKARTA, Indonesia, June 15, 2025 /PRNewswire/ -- Aslan Energy Capital (AEC), a Singapore-based developer of clean energy infrastructure, has signed a binding Heads of Agreement (HoA) with Jakarta Industrial Estate Pulogadung (JIEP) to develop the Aslan Jakarta Data Centre (AJDC)—a state-of-the-art, 40-megawatt hyperscale co-location facility powered entirely by certified renewable energy. Strategically located in East Jakarta within the JIEP industrial zone, AJDC will sit on a 40,000 m² site and is designed to house up to 7,000 server racks. The Tier 4 data center will be operational by Q4 2027 and will feature adequate redundancy for all critical systems, ensuring maximum uptime and operational resilience. In a landmark move for Jakarta's data infrastructure, the facility will also integrate a 120 MW-hour Battery Energy Storage System and draw its primary power supply from renewable energy sourced thru the JIEP collaboration, demonstrating a robust commitment to energy sustainability and climate-aligned growth. AJDC is being developed as next-generation colocation data center providing ultra-reliable uptime, reduced latency, and robust connectivity for enterprises operating locally and worldwide. Dr. Muthu Chezhian, CEO of Aslan Energy Capital, stated, "This partnership reflects our shared vision to power the digital future with clean, reliable, and scalable infrastructure that respects environmental limits while enabling economic transformation." In alignment with Jakarta's urban planning and environmental needs, the facility is designed as a two-story vertical structure utilizing modular and prefabricated components for rapid deployment and minimal construction impact. With 40% of the land dedicated to built infrastructure and 60% preserved as a natural corridor featuring century-old trees, AJDC is designed to be green -both in function and in form. In addition, the data center will utilize hybrid air-cooled heat exchangers, a significant innovation that removes reliance on cooling towers and sharply reduces daily water use. Satrio Witjaksono, President Director of JIEP, commented, "We are proud to collaborate with Aslan Energy Capital to introduce a new model for sustainable data infrastructure within Indonesia's most strategic industrial estate. This project will contribute to national digital transformation goals while setting new environmental standards." This alliance underlines both entities' commitment to Indonesia's renewable energy transition and smart industrial development, in line with the national roadmap for sustainability, digitalization, and green economy leadership. View original content: SOURCE Aslan Energy Capital Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data