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The Governor of the Bank of Japan warns: Trump's 'reciprocal tariffs' could severely damage global trade and the economy!
① The Governor of the Bank of Japan, Kazuo Ueda, stated that the "reciprocal tariffs" soon to be announced by President Trump of the USA could have a significant impact on global trade and adversely affect Global economic growth; ② Ueda hopes to share views with G20 finance ministers at this month's G20 finance minister meeting in Washington regarding the impact that the USA's tariff increases may have on the Global economy.
The inflated inventory masks weak demand, and the manufacturing sector in the USA is worse than the surface data suggests.
The report details show a more severe situation, with key sub-indices such as new Orders, production, and employment all falling below 50. Barclays believes that the dual impact of tariff policies—rising costs and weakened demand—are eroding manufacturers' profit margins and confidence. Although precautionary stockpiling has temporarily supported activity, it has masked a deeper level of demand weakness.
Bond Yields Expected to Keep Falling Unless Trump Reverses -- Market Talk
The net Inflow in a single quarter exceeded 19.2 billion dollars! Western investors are also grabbing gold.
Under the boost of risk aversion sentiment, gold prices continued to hit historical highs on Tuesday, with the Gold ETF in the USA attracting over $19.2 billion in the first quarter, setting the largest inflow since the pandemic. In addition, defensive stocks and US and German bonds also performed well.
Trump's tariff plan has triggered a rush for safe havens! Traders are betting wildly on a surge in U.S. bonds.
As President Trump of the USA is about to announce the details of the tariff plan on April 2, Options Trading traders are increasing their bets that US Treasury bonds will continue to rise.
Trump's 'Liberation Day' Tariffs Loom; Treasury Yields Fall -- WSJ