Tech

The rival companies behind the Xbox, PlayStation, and Nintendo Switch just sent a joint letter to the US government asking to be left out of Trump’s tariffs

The three major video-game-console makers – Sony, Microsoft, and Nintendo – sent a joint letter to the US government seeking exemption from Chinese tariffs. “While we appreciate the Administration’s efforts to protect US intellectual property and preserve US high-tech leadership,” the letter says, “the disproportionate harm caused by these tariffs […]
The rival companies behind the Xbox, PlayStation, and Nintendo Switch just sent a joint letter to the US government asking to be left out of Trump’s tariffs
Markets

Trump is driving a wedge between 2 key US allies

The North-America Free Trade Agreement (NAFTA) hangs in the balance following acrimonious negotiations, including leaks of unflattering comments from US President Donald Trump about his Canadian counterparts. “Many Canadians feel as though Mexico has turned its back on them,” said Duncan Wood, director of the Mexico Institute. This wedge between […]
Trump is driving a wedge between 2 key US allies
Markets

The chief investment strategist at $6 trillion fund giant BlackRock says Trump’s trade policy is the biggest risk to markets

Richard Turnill, BlackRock’s chief investment strategist, notes that a measure of geopolitical risk has spiked to the highest since March 2015. Out of all geopolitical risks, Turnill is most worried about President Donald Trump’s trade policy, which he says could disrupt global markets. As stocks continue their relentless pursuit of […]
The chief investment strategist at $6 trillion fund giant BlackRock says Trump’s trade policy is the biggest risk to markets
News

White House officials reportedly said that time Angela Merkel had to explain the ‘fundamentals’ of EU trade to Trump 11 times was ‘humiliating’

A meeting between President Donald Trump and German Chancellor Angela Merkel led to a conversation between the two leaders that White House officials reportedly said was “humiliating” to Trump. During an exchange between Trump and Merkel in which they discussed the possibility of a trade agreement, Merkel had to explain […]
White House officials reportedly said that time Angela Merkel had to explain the ‘fundamentals’ of EU trade to Trump 11 times was ‘humiliating’