The WTO now expects global goods trade to contract by 1.5% in 2025, the steepest decline since the COVID-19 pandemic, due to potential U.S. “reciprocal tariffs” and broader trade policy uncertainty.
U.S. major indices traded lower at midday Wednesday, pressured by sharp declines in tech and semiconductor stocks after Washington tightened chip export restrictions to China.
In a surprise move on Wednesday morning, Trump announced on Truth Social that he would join the meeting and expand the agenda to include military cost-sharing and what he called “trade fairness.”
During his visit to Malaysia, Chinese President Xi Jinping warned against “geopolitical and camp-based confrontation” and called on Asia-Pacific nations to resist “unilateralism and protectionism.”
Trump’s order said the U.S. reliance on imported critical minerals “raises the potential for risks to national security, defense readiness, price stability, and economic prosperity.”
Markets just gapped down overnight! Combine that with *stacked ranges* on the tick charts, and this Slingshot Reversal could be our easiest win of the week!
Commenting on Nvidia’s disclosure, Wedbush analyst Daniel Ives said, “The financial impact is small relatively, but the strategic blow is the focus of the market."
