The trade battle with China has begun, and Washington and Beijing have exchanged hits that could raise the price of a series of products. And President Trump threatened to target the European Union.
However, as shown in the Monday whirlwind, including the praise of the Fallet of Canada and Mexico, Trump knows what to use to declare victory, or what is the cost of duties as a policy. It is difficult to do. Dive into all of the following:
In addition, there is a scoop in the top dealmaker who has returned to Goldman Sachs, which weighs the odds of various Tactoku biders.
Another trade collision to come?
Canada and Mexico have been able to win the Trump from the threat of President Trump on Monday, but the trade war is still ongoing.
Washington has been taxing China's imports, and China has urged China to retaliate with its own tariffs, including hits on American energy and technology companies. And Trump threatened to attack the European Union.
Long -term trade dramas continued to confuse business leaders and investors, urging them to ask what Trump is trying to achieve.
The latest: Trump has been delaying at least 30 days of imports of Mexico and Canada, and we agree to dedicate more resources to raise security and step in Fentanil trade. Conclusion of the uncertainty of.
However, in addition to the existing rates, 10 % of all Chinese imports were taxed after midnight. Beijing has been dealt with tariffs on products such as liquefied natural gas in the United States and important exports such as tungsten and molybdenum used in electronics. We also announced an anti -monopoly survey on Google. This may be limited to high -tech work with Chinese companies such as electronics manufacturers Xiaomi.
The US stock futures and European markets have fallen slightly this morning after a sudden recovery from a sudden fall on Monday.
The EU may be next to Trump's intersection. “The European Union has been abused the United States for years, but they can't do it,” he said on Monday and repeated complaints about the trade deficit of cars and agricultural products. European officials like French President Emmanuel Macron said they would fight back.
It is difficult to exaggerate the damages of the two trade wars. The United States and the European Union account for more than 60 % of foreign direct investments in other economies.
Big questions: What is Trump defined as a victory in these battles? Yes, Mexico and Canada agree to spend more on immigrants and Fentanyl execution. But John Odi, who is the opinion of Bloomberg, claims that concessions are not so large, and other governments can tell other governments that “the emergence of victory to the United States can take advantage of tariff threats.” 。
Trading with China has fallen since the first Trump administration, so new US tariffs may only have an economy. (They give a big blow to online retailers such as SHEIN and TEMU.)
The main test of Trump's goal may be tariffs on blocks because of the lack of actual immigration or Fentanyl angle. European countries are increasing their interests because they may reduce Washington from future trade movements.
What is happening this
Rick Caruso, a billionaire, is planning to rebuild after the fire in Los Angeles. A real estate developer and a former mayor candidate -still has a political ambition -is a private profit for “promoting reconstruction” of the community destroyed by the destruction of a part of Southern California. We announced the formation of non -profit organizations. This group contains Ted Sarandos, a co-ceo of Netflix. Mike Hopkins, head of Amazon MGM Studios. Venture capitalist Joe Ronsale. Adam Mendelson, LeBlo Roams media advisor.
President Trump says that there is a limit to the cost reduction work of Iron Mask. “Elon can't do anything without our approval -we will give him approval. We will give approval as needed,” he said to the reporters on Monday, “If there is a dispute, we Don't let him approach it, when the cost reduction team of the Musk is going to shake the federal bureaucracy.
Senator Elizabeth Warren said that after Bessent was nominated as a representative of the Consumer Finance Protection Bureau, he blasted the Secretary of CFPB, suspended many of the work, and suspended a new execution survey. I ordered to do. Warren called his actions as “a signal to a large bank that tricks and tricks a hard -working American family to a huge company or a major bank is an open season.”
What is the US answer to DeepSeek? More Chinese tariffs.
Deepseek is still swirling about how to make a $ 1 trillion hole in AI hegemony in the United States, which seems to make US export regulations inconvenienced.
To solve Deepseek's challenges, the Trump administration seems to be preparing for tariffs, the president's favorite weapon. Grady McGregor reports on DealBook.
For AI and China, please expect similar tactics. Howard Lutonic, the selection of Trump's Secretary of Commerce, linked export management to tariffs last week.
Gregory C. Allen, the director of the Wado Wannie Center of the International Research Center, is a former US Defense Official Officer, and the Trump administration is specific to importing from China, including parts that violate the United States. He told the deal book that tariffs could be imposed. Export control.
For example, it is possible for Chinese companies to use illegally supplied manufacturing utensils to produce chips that are used for artificial intelligence training or put in smart kitchen home appliances used by American consumers. He said there was.
Most high -end chips are manufactured in Taiwan. Last week, Trump pledged to impose up to 100 % tariffs on chip manufacturers active in or elsewhere until they agree to build more factories in the United States.
It can hurt NVIDIA. Trump, who met CEO JENSEN HUANG last week, said that while it was a “good meeting,” he was still planning to impose a tariff on chips made abroad.
Some experts are skeptical that additional tariffs are effective in controlling China's AI progress. According to Martin Chorsenpa, a senior fellow of the International Economic Research Institute, tariffs will hardly help to prevent Chinese AI companies from downloading open source AI models such as meta lama.
“The Trump administration believes that tariffs can literally solve all issues,” Chorsenpa told the Deal Book. “But do you actually change what DeepSeek does for tariffs? I really doubt it.”
Trump proposes a new Tactoku strategy
President Trump signed a Presidential order on Monday to seek the establishment of a US Soblinwealth Fund, and signed that it could be used in Titoku's contract. (Do you remember Tiktok?)
President has stated that the Sobulin Wels Fund could be part of the consortium play. This is a more attractive route for US technology companies, only donating cash, and does not need to lever to Gill. (Nevertheless, the details behind the fund mechanism remain ambiguous, including where the money comes from.)
Here, we will compare the possibility of accomplishing something with a potential suit. Of course, there is a warning that Trump's contract production is usually affected by advanced uncertainty.
Microsoft. I don't know this. Microsoft wants to put himself on the pain of re -collecting full -fledged acquisitions, given how difficult it was to try the last time? Microsoft has committed $ 80 billion this year to artificial intelligence alone. It may be a better use of capital than a consumer platform that does not complement the core business.
Oracle. This seems to be a little likely. Rally Ellison, a co -founder and chairman, is familiar with Trump. Oracle has earned Go-Amead to buy Tiktok before, and has already accommodated all US consumer data. However, it is unknown that Oracle is not a consumer -centered business, but if China refuses to include Tiktok's algorithm for potential sales, it has the skills to reconstruct social media applications.
Elon Mask. Since Tesla earns half of domestic cars, Musk may be the buyer of China's favorite, linking many of his property to Beijing's policy. However, these bonds may bring out scrutiny from US members of the United States who are worried about national security. And do you really want to buy another social media company?
Other high -tech giants. The leaders of Amazon, Apple, Google, and Meta were sitting remarkably at the inauguration ceremony of Trump, but despite the fact that they were very unlikely, the mysterious Trump was Mark Zackerberg or Jeff Bezos. You may be widespread and participate in the consortium contract.
Other considerations. Tiktok investors will prefer options that may not be fully sold. It can also mean that the value of their betting money is to have a haircut.
One path that some bankers are paid to: Exchange stocks for Tiktok's shares. This kind of cashless transaction is attractive. But that is also complicated. In other words, considering that it is not operated as an independent company, how do you place the value in Tiktok compared to the bait dance?
“Do we seem to be running surplus as a country now? Isn't the sane country raising taxes or borrowing money?”
-Clifford Assness, the founder of AQR Capital Management, instructed President Trump to explore his administration to find the founding of the Sobulin Wells Fund.
Goldman Banker Boomerang
The rotating door between the top technology bunkers on the Wall Street continues to rotate.
Goldman Sachs re -employed Nick Jobanni, one of the top bunkers, after three years as Instacart's CFO.
Giovanni, who has been spending more than 20 years in Goldman, has become a partner in his technology, media, and communication groups, and he will start on February 24, from funding to trading.
Giovanni was a celebrity of technical trading. The transaction he advised includes nearly $ 30 billion sales to Airbnb's IPO in 2020 and Slack's Salesforce in 2021.
He left in 2021 to help Instacart's gear for public offering in 2023. I left last year, but I continued to contact GOLDMAN colleagues, including David Solomon, a bank CEO.
His return to Goldman will come to the time of reform in Goldman's rival Morgan Stanley. There will be a star banker, Michael Glims, will participate in the Ministry of Commerce.
As a bank is preparing for a contract rebound, a large -scale employment is born. In December, Solomon stated that trading production could exceed the average of 10 years in consideration of President Trump's agent agenda. Giovanni told DealBook that his job on his client would help him bring a “new level of insight” to his role.
The speed is read
transaction
Airbus and other two other Europeans have been hired an advisor to explore the creation of a space venture to compete with Eron Musk's SpaceX. (Bloomberg)
The city group makes most of the employees work remotely at least two days a week. This is in contrast to top rivals such as Gold Mansax and JP Morganche. (FT)
Politics and policies
Whether Robert F. Kennedy Jr. has been confirmed that President Trump's Health Health may return to Louisiana Republican Republican member of the Republican member of Louisiana. (NYT)
Adam Candbeb, who has recently been nominated for the new General Counsel at FCC, was once represented by anti -transformer feminists in a lawsuit against Twitter, but was later rejected. (Semafor)
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