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China Declares Tariffs ‘Meaningless,’ Pivots to Targeting Boeing and Critical Minerals

China has declared an end to its tit-for-tat tariff responses to President Trump’s trade measures, dismissing further U.S. tariff increases as a “joke” that Beijing would “ignore.”

Instead, China is deploying a broader strategy targeting American businesses across multiple sectors. While Trump has raised tariffs on Chinese goods by up to 245%, China is now focusing on non-tariff restrictions.

These measures include tightening export controls on rare-earth minerals crucial for semiconductors and defense systems, launching antitrust investigations into American companies like Google and DuPont, and expanding its “unreliable entity” list that restricts U.S. firms from trading or investing in China.

In its latest significant move, Beijing ordered Chinese airlines to halt Boeing deliveries and stop purchasing aircraft parts from U.S. companies, further straining the already troubled American manufacturer.

Ten Percent Sent Gold Abroad. Nine Percent Brought It Home.
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Ten Percent Sent Gold Abroad. Nine Percent Brought It Home.

The financial press says central banks are bringing their gold home. The World Gold Council asked 76 of them, and the numbers run the other way: more spread gold into additional foreign jurisdictions last year than repatriated it. What that says about custody, and about how you hold your own metal.

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Gold silver price today Iran sanctions: two trading monitors show gold prices trending upward and oil prices trending downward on the same day.
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Gold Hits 3-Month High as Oil Falls Ahead of Bessent’s Iran Sanctions Announcement

Gold hit a fresh three-month high and silver turned positive today, both ahead of Treasury Secretary Bessent’s 2 PM ET press conference unveiling new Iran sanctions. But oil is falling into the announcement, the opposite of what a “tougher sanctions” headline usually does to markets. Here’s the mechanism actually driving today’s move, and why it isn’t really about Iran.

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Gold silver price today Iran sanctions: two trading monitors show gold prices trending upward and oil prices trending downward on the same day.
News

Gold Hits 3-Month High as Oil Falls Ahead of Bessent’s Iran Sanctions Announcement

Gold hit a fresh three-month high and silver turned positive today, both ahead of Treasury Secretary Bessent’s 2 PM ET press conference unveiling new Iran sanctions. But oil is falling into the announcement, the opposite of what a “tougher sanctions” headline usually does to markets. Here’s the mechanism actually driving today’s move, and why it isn’t really about Iran.

Read More »

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