Nvidia Is About to Shock the World: July 23rd

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

With China and the US at intense economic odds, nations are being forced to choose sides

DIDI TANG and ZEKE MILLER
April 28, 2025

WASHINGTON (AP) -- One went to the United States. The other went to China. It was a sign of the times.

While the Swiss president was in Washington last week to lobby U.S. officials over President Donald Trump's threatened 31% tariff on Swiss goods, the Swiss foreign minister was in Beijing, expressing his nation's willingness to strengthen cooperation with China and upgrade a free trade agreement.

As Trump's trade war locks the world's two largest economies on a collision course, America's unnerved allies and partners are cozying up with China to hedge their bets. It comes as Trump's trade push upends a decade of American foreign policy -- including his own from his first term -- toward rallying the rest of the world to join the United States against China. And it threatens to hand Beijing more leverage in any eventual dialogue with the U.S. administration.

With Trump saying that countries are "kissing my ass" to negotiate trade deals on his terms or risk stiff import taxes, Beijing is reaching out to countries far and near. It portrays itself as a stabilizing force and a predictable trading partner, both to cushion the impact from Trump's tariffs and to forge stronger trade ties outside of the U.S. market.

"America and China are now locked in a fierce contest for global supremacy," Singaporean Prime Minister Lawrence Wong said in an April 16 speech. "Both powers claim they do not wish to force countries to choose sides. But in reality, each seeks to draw others closer into their respective orbits."

The tariffs on Chinese goods are off the charts

Trump has paused some of his steepest tariffs on most American partners for 90 days after global financial markets melted down. But he has raised tariffs on Chinese goods to 145%, drawing rebukes from Beijing, which has vowed to "fight to the end." U.S. companies are warning of higher prices, meaning Trump could face both higher inflation and empty store shelves.

The magnitude of the taxes are already dramatically affecting American imports, with the shipping containers set to arrive at the Port of Los Angeles down nearly 36% over the past two weeks, according to Port Optimizer, which tracks vessels. It's lending urgency for both the U.S. and China to bolster support from alternate partners.

While Trump administration officials suggest the president could ease the duty rates on Chinese goods at his discretion, there has been no indication he's yet looking for a reduction. That, after all, could suggest his protectionist policies were hurting the American economy.

"They want to make a deal obviously," Trump told reporters Sunday, saying the U.S. had gone "cold turkey" on trade from China. "Right now, they're not doing business with us."

The White House has framed any negotiations as being between the U.S. president and Chinese President Xi Jinping, but neither leader seems willing to make the initial outreach without some kind of concession. The two countries can't even agree publicly whether they are holding talks.

Earlier this month, Xi -- on his first foreign trip this year -- visited Vietnam, Malaysia and Cambodia, resulting in mutual pledges for closer economic and trade ties. In Vietnam, which faces the 46% tariff from the U.S., Beijing and Hanoi agreed to strengthen industrial and supply chain cooperation. In Malaysia and Cambodia, Xi secured similar agreements. Cambodia is faced with a 49% tariff from the U.S., and Malaysia 24%.

Then there's Japan: Despite its long-standing enmity towards the nation that once colonized parts of it, the Chinese government has reached out to Tokyo and urged a coordinated response, according to Kyodo News.

China is digging in

China is ready to use the stick, too. A South Korean newspaper has reported that China is demanding South Korean businesses not to ship goods containing China's rare earth minerals to U.S. defense companies or face likely sanctions.

Earlier this month, Beijing warned that no country should reach a deal with the U.S. at China's expense and vowed to take countermeasures in a "resolute and reciprocal manner" should such a situation arise.

Hal Brands, a senior fellow at the American Enterprise Institute in Washington, said China will "try to exploit Trump's abrasive behavior to make inroads with U.S. allies and countries in the Global South."

Some scholars say Beijing is already gaining. "People lost the confidence, or even trust, for the United States, particularly for Donald Trump in the U.S. Not for China," said Li Cheng, professor of political science at the University of Hong Kong. "So in that regard, China gains in the geopolitical landscape."

In the latest Ipsos poll, for the first time, more people globally now say China has a positive impact on the world than the United States. The pollster cited the broad backlash to Trump's tariffs.

Countries have to choose, but it's difficult

China is the world's largest exporter and the U.S. the largest importer. Total trade for China reached a record 43.85 trillion yuan (US$6 trillion) in 2024, and the country is the biggest trading partner for most of the world, including the European Union, Japan, South Korea and the grouping of the 10 Southeast Asian countries known as ASEAN.

The U.S. is the biggest destination for China's exports, though China is only the third-largest trading partner with the U.S., behind Mexico and Canada. Total trade for the U.S. last year was US$5.4 billion, with a record deficit of $1.2 trillion. For ASEAN countries, trade with the U.S. totaled $477 billion in 2024, including $352 billion worth of goods sold to the U.S. But China does more business with ASEAN.

Countries caught between the U.S. and China are in "an impossible situation" because they need to stay economically connected both to China, "a source of a lot of their input and imports" and to the powerhouse U.S. market, said Matthew Goodman, director of the Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations.

"They cannot choose one or the other, because they need both," Goodman said.

In Europe, China is preparing to lift sanctions to revive a trade deal, according to the Hong Kong-based South China Morning Post. Chinese state media have been calling on European leaders to join China in safeguarding the multilateralism.

Back in Beijing, Xi has been receiving foreign leaders. On Thursday, he told Kenya's president that China's market has always kept its door open to high-quality products from Kenya and that China encourages more capable Chinese enterprises to invest and start businesses in Kenya, according to the official Xinhua News Agency. On Wednesday, Xi met Azerbaijan's president. Xi criticized the trade war as undermining the rights and interests of all countries.

Beijing sounds resolute

On Friday, when Xi presided over a key economic meeting, Beijing's leadership struck a positive tone but acknowledged "increasing impact from external shocks" and "urged preparing for worst-case scenarios with sufficient planning," according to Xinhua.

Wang Yiwei, a senior fellow at Beijing's Center for China and Globalization, said China, after dealing with Trump's first term, is prepared for his latest tariff approach. "China is prepared for the worst," Wang said, "and it is no longer living in the fantasy of globalization."

Victor Gao, vice president of the Center for China and Globalization, said Beijing is prepared for decoupling. "What will be the end? It's a complete halt, meaning no more U.S exports to China, no more China exports to the United States," he said.

And, despite high costs to China's economy, China will survive, Gao said. "For a country especially like China with a history of 5,000 years, what kind of people have we not seen? Whatever invaders, robbers, and barbarians," Gao said. "But at the end, they all leave. They all disappear, all get defeated."

___

AP writer Josh Boak contributed.

Continue Reading...

Popular

How To Earn $500 A Month From T-Mobile Stock Ahead Of Q1 Earnings

T-Mobile offers a quarterly dividend amount of 88 cents per share ($3.52 a year). Here's how to earn $500 monthly.

Strange Picture Predicts the Market's Next Move? - Ad

This photo was taken just after the 1929 crash. Weeks earlier, a strange investment secret predicted it all. Even more shocking-it's accurately forecasted every major market event since. And now, it's flashing again.

Is Norfolk Southern 'making it right' after Ohio derailment? New lawsuit adds to doubts

Norfolk Southern began making promises to East Palestine, Ohio, soon after its train in February 2023, saying it would after five tank cars of vinyl chloride were intentionally burned, sending up a huge black plume of smoke that spread more toxic chemicals over homes, schools and farms.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Days before Canada's election, Trump insists that Canada needs the US more than the US needs it

WASHINGTON (AP) — President Donald Trump said Wednesday that Canada would “cease to exist” if it weren’t for the United States — comments that came just days before Canadians are set to vote in an election dominated by Trump’s remarks on the country’s economy and sovereignty.

Waldencast Q1 Preview: Beauty Brand Glow Dims On Soft Margins, Flat Sales

WALD is reporting Q1 results on May 13, Telsey Advisory Group expects margin and earnings miss. Analyst Dana Telsey maintains outperform rating.

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Trump's trade demands go beyond tariffs to target perceived unfair practices

FRANKFURT, Germany (AP) — The Trump administration says the sweeping tariffs it unveiled April 2, then , have a simple goal: Force other countries to drop their trade barriers to U.S. goods.

Marathon Petroleum Refining Margins Fall Drags Q1 Profit

Marathon Petroleum Corp. (NYSE:MPC) reports higher Q1 results with revenue of $31.85B, adjusted EBITDA of $2B, and EPS loss of $(0.24) compared to $(2.58) last year. Refining segment impacted by lower market crack spreads, but Midstream business continues to grow. Company also declares quarterly dividend.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Tom Lee Sees Recovery Signal In 'Washed Out' Tesla As Stock Breaks Key Level, Backed By Robotaxi And Optimus Hopes

Tesla is drawing renewed investor interest despite recent setbacks, as Thomas "Tom" Lee, Co-founder of Fundstrat Global Advisors and regular CNBC contributor, identifies potential recovery signals amid extremely negative sentiment.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Jensen Huang, Magic Johnson, Patrick Dempsey, Linda Yaccarino And More Bigwigs Headline Milken Global Conference 2025: What You Need To Know

The Milken Institute's 28th annual Global Conference, featuring prominent figures like Jensen Huang, Magic Johnson, and Linda Yaccarino, is focusing on key global issues such as AI, healthcare, and climate resilience.

Trump's Greenland Ambitions Get Rebuked: Prime Minister Says'The Talks From The United States Have Not Been Respectful'

Greenland's Prime Minister rebukes US for disrespectful approach to acquisition talks, emphasizing the territory will never be sold while Danish leadership affirms support

Our 2 Best Stocks to Play Trump's "Stargate" - Ad

The first is a little-known company that already got a takeover offer from Nvidia. The second is a firm that's trading at just $20 a share and has a 7% yield.

Musk defends his work as he prepares to wind down at DOGE but gives hazy answers on future

WASHINGTON (AP) — , preparing to step back from his work leading the , had a request of the reporters gathered at the White House to interview him: Before he would answer any questions, he wanted someone to tell him a joke.

Asian shares inch higher as uncertainty over US tariffs persists

HONG KONG (AP) — Asian markets inched higher in cautious trading on Monday as investors watched to see what may come of negotiations over U.S. President Donald Trump’s tariffs.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Tesla Board Explored Replacing Elon Musk As Tesla CEO A Month Ago: Report

Tesla's board reportedly began searching for a successor to Elon Musk last month due to financial setbacks, with Musk agreeing to devote more time to the company.

Jeff Bezos Wants To Send You To Space After Katy Perry: Here's How Much A Reservation With Blue Origin Costs

Blue Origin is taking reservations for its next trips to space after sending pop star Katy Perry there. Here's how much a reservation costs.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Tim Cook Tells Commerce Secretary Lutnick How Apple 'Could' Bring iPhone Manufacturing To US

Apple Inc.'s (NASDAQ: AAPL) CEO Tim Cook has reportedly identified a crucial factor that could see iPhone manufacturing shift to the United States.

A bushel of fruit and vegetable motifs give decor a healthy farmstand vibe

Interior designer and stylist Jonny Carmack has a “fruit room” in his Danbury, Connecticut, home. Colorful faux produce bedecks every inch, from the cherry-shaped ceiling fixture to a strawberry side table and a bunch of other juicy gems in decorative forms.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Asian shares advance after a quiet day on Wall St, despite tough talk on tariffs

NEW YORK (AP) — Asian shares were mostly higher on Tuesday after U.S. stocks drifted to a mixed, quiet finish ahead of a busy week of corporate earnings and economic data that could bring more

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

Pony.ai Shares Volatile Amid Strategic Tencent Partnership And Hesai Lidar Integration: What's Going On?

Pony AI Inc. (NASDAQ: PONY) shares are trading lower Friday despite the company announcing two significant developments aimed at boosting its autonomous driving capabilities and commercialization efforts.

Nintendo Stock Hits All-Time High Amid Switch 2 Preorder Frenzy: What You Need To Know

Nintendo stock is soaring on Thursday amid outsized demand for its latest video game console. The company said it received 2.2 million applications in the lottery for its Switch 2 device in Japan, far exceeding expectations.

He Called Bitcoin to $100k... Now He Says This Coin Is Next - Ad

Juan Villaverde may be America's top crypto expert. According to Juan's timing model, we are entering what could be the biggest bull market in crypto's history. With America's first crypto president in office, it could be the biggest gains the market has ever seen. And one special coin could skyrocket.

Tesla Stock Falls On European Sales Decline, Rising Competition: What's Going On?

Tesla Inc. (NASDAQ:TSLA) shares are trading lower Monday after industry data showed a drop in new car sales in Spain, which appears to be adding to concerns over European performance.

A Czech court blocks the signing of a deal with South Korea’s KHNP to build 2 nuclear reactors

PRAGUE (AP) — A court in the Czech Republic blocked on Tuesday the government from signing a deal with South Korea’s KHNP to build at least two nuclear reactors in country.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Activists to rally worldwide on May Day, with US protests targeting Trump policies

CHICAGO (AP) — From worker rights rallies to marches for social justice, activists around the globe will kick off demonstrations on Thursday.

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright priceactionea.net
Privacy Policy | Terms of Service