East Asia unites to counter U.S. trade pressure, ASEAN+3 back local bond markets cut reliance on Western finance

This is quite consequential. China, Japan, South Korea and the countries of ASEAN just issued a joint statement (https://asean.org/joint-statement-of-the-28th-asean3-finance-ministers-and-central-bank-governors-meeting/) in which they take a unified stance against “escalating trade protectionism”, a clear reference to Trump’s tariffs. They write that their …

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Spending slows down, layoffs speed up. Bonds are setting up the ultimate catch-up trade. All the hard data that feeds bonds is looking great (oil prices, housing data, growth data).

And now, it is showing up in the hard data. Credit card transactions began falling in a highly unseasonal manner in the last week of April. Spending slows down, layoffs speed up. It’s just that simple. pic.twitter.com/I7zBVDie5u — Spencer Hakimian …

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China Foreign Ministry Spokesperson Guo: China and the US not yet in talks on tariffs… As predicted, China’s incentive is to be uncooperative… Thai commerce minister: No need to rush to talk trade with U.S…

China Foreign Ministry Spokesperson Guo: China and the US not yet in talks on tariffs. — FinancialJuice (@financialjuice) April 24, 2025 I think from here on Stop telling lies It will benefit everyone. https://t.co/6yXuBCTQbD — The Long Investor (@TheLongInvest) April …

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WTO slashes 2025 trade forecast into negative… North America faces sharpest trade hit in global slump… China-US cargo plunges 30% in April… Nobody’s coming to visit…

Global trade outlook is deteriorating: The World Trade Organization expects world merchandise trade to fall -0.2% in 2025, down from +2.7% growth expected at the beginning of the year. This would follow the +2.9% growth recorded in 2024. North American …

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WHITE HOUSE: U.S. will not lower or remove tariffs on Chinese goods unless China makes some kind of reciprocal move… Leavitt: Trump won’t give up on fair trade practices. It’s not fair to say Trump is softening.

BREAKING: The White House press secretary says “there will be no unilateral reduction in tariffs against China.” Trump is putting the ball in China’s court. — The Kobeissi Letter (@KobeissiLetter) April 23, 2025 BREAKING: White House Press Secretary Leavitt right …

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Von der Leyen: World is ‘lining up’ to work with Europe amid Trump’s trade war… Beijing pushes joint economic front, wants open world economy with Europe…

BRUSSELS — Countries are ready to work with reliable trade partners in Europe after United States President Donald Trump’s blanket trade tariffs upended global markets, European Commission President Ursula von der Leyen told POLITICO. “In a more and more unpredictable …

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Spot Gold prices trade at $3,400/oz for the first time.

Another record: Spot Gold prices trade at $3,400/oz for the first time. pic.twitter.com/JEO8RlF2By — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) April 21, 2025 https://x.com/MacroMicroMe/status/1914267772391235779 $GOLD has reached $3400 with a parabolic run 🚀 A possible stop or consolidation is …

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China has spent 7 yrs making “bad economic choices” to prepare itself for decoupling it has anticipated since 2018. It has diversified trade partners

China has spent 7 yrs making “bad economic choices” to prepare itself for decoupling it has anticipated since 2018. It has diversified trade partners byu/RobertBartus inEconomyCharts China 🇨🇳 may be the world’s biggest exporter, but its economy isn’t nearly as …

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