A commercial war can be fought without tariffs

Commercial barriers can come in many forms. The definitions are only one. The requirements of hard licensing, export restrictions and fines on shipping are other obstacles.

Nafidia said on Tuesday that it would take 5.5 billion dollars fees The exports of canceled chips to China are related to the new licensing rules of the United States government. Beijing has taken revenge on Trump’s tariff through implementation Export restrictions on rare ground elements MeChecking a monopoly on American companies. The Donald Trump administration was floating on the idea of ​​imposition Fees on Chinese containers Call American ports.

Looking at these developments, the World Trade Organization warned on Wednesday that global trade forecast had “deteriorated sharply”, and expected a 0.2 % decrease in 2025. They are not just a fear: the shipping ships that arise from China are already abolishing their flights.

Conditions in the stock market have likened to the same. American stocks fell on Wednesday, as export restrictions on NVIDIA kept the investors tense. Trade – in all contexts – is recruited by the attack by US President Donald Trump’s tariff.

American markets are shaken by renewing trade tensions
American stocks fell on WednesdayHitting his lowest level after the US Federal Reserve speech, Jerome Powell, about inflation and definitions. the S & P 500 Loss 2.24 % and Dow Jon’s industrial average 1.73 % decreased. the Nasdak 3.07 % sinking, weight Heavy declines in chips stocks Amid reports Requirements for the new US license to Nafidia exports. The shares of the chip maker sank by 6.9 %.

Asian markets are cut off from Wall Street
The Asia and Pacific markets were mostly on the Green Thursday. South Korea KosPI It added about 1 % as it was expected that the central bank is in the country The standard interest rate was held by 2.75 %. Japan Nikki 225 About 1.2 % up to the country I mentioned A 3.9 % increase in its exports in MarchLost estimates and sharply reduced a 11.4 % jump in February.

Tension in the double mandate
On Wednesday, Powell expressed concern that the central bank “may find ourselves in the difficult scenario that Double goals in stress“The Federal Reserve aims to ensure stable prices and full employment. Economists, including those in the Federal Reserve, see threats to both goals of Trump’s tariff, which is likely to transfer us away from our goals.”

The World Trade Organization is a warning against the lack of global trade organization
“the Expectations for global trade deteriorated sharply Due to the high definitions and uncertainty in commercial policy, “the World Trade Organization in the latest report” global expectations and statistics “warned on Wednesday. According to the currently in place definitions, including 90 days suspension of” mutual tariff “, it is now expected that the global trade volume will leak 0.2 % in 2025.

Shipping ships from China canceling trips
American importers are notified An increase in sailing canceled by shipping ships from ChinaA total of 80 empty or canceled from China was recorded by the HLS Group charging collection. The impact of the decreasing charging container on North America will be important for many links in the economy and the supply chain, including the logistics ports and companies that transport the shipping.

Tsmc Reepses beat expectations
Taiwan semiconductor manufacturer I mentioned Thursday The first quarter profits that overcome analysts’ expectations. The net income of the chips manufacturer increased by 60.3 % from last year to 361.56 billion dollars (11.1 billion dollars), while the net revenue in March quarter increased by 41.6 % to 839.25 billion dollars from the same period last year. The demand for artificial intelligence chips has strengthened TSMC fortunes, but Trump’s tariff poses a threat to its future profits.

(Pro) is still confident in the dollar: Piper Sandler
The dollar index, which measures Greenback against a basket of major currencies, fell last week to its lowest point since April 2022 amid the increasing uncertainty of Trump’s tariff. More worrying, the US dollar is usually seen as a safe asset in times of fluctuations, so its weakness raised concerns. Piper Sandler, however, is still confident of the currency – That is why.

China targets American services and other areas because it wanders at the “meaningless” tariff rises.

China announced last week that it was avenge US President Donald Trump’s tariff, saying more increases by the United States would be a “joke”, and it will be ignored by “Beijing”.

Instead of continuing to focus on the introductory goods, China has chosen to resort to other measures, including steps targeting the American services sector. Beijing has launched a series of non -scattered restrictions, such as expanding export controls for rare Earth minerals and opening anti -monopoly investigations in American companies.

In addition, China is seen by some as seeking to expand the trade war to include the service trade – which covers travel, legal, consulting and financial services – as the United States has been making a major surplus with China for years.