Investing.com -- Baird upgraded Caterpillar (NYSE:CAT) to Outperform with a $395 price target on Tuesday, pointing to improving fundamentals, easing trade tensions, and signs of a potential earnings recovery beginning in late 2025.
The Commerce Department is weighing whether sector-specific tariffs are necessary to protect national security.
BEIJING (Reuters) -China will lower its tariffs on U.S. goods to 10% for an initial 90 days starting from 12:01 pm (0401 GMT) on Wednesday, Chinese finance ministry said in a statement on Tuesday. The ministry said it would reduce the 34% duties on U.S. goods to 10% it imposed last month and cancel the additional 91% rate in two later rounds of measures. "The significant reduction in bilateral tariffs between China and U.S. aligns with expectations of producers and consumers in both countries, and is conducive to economic and trade exchanges between China and the U.S. and to the global economy," read the statement.
Nansen CEO Alex Svanevik explains how AI is labeling nearly half a billion crypto wallets — tracking everything from Trump and Vitalik’s addresses to cross-chain hacks and smart money flows.
The unit, Citi Global Alternatives, represents more than 180 funds distributed by the bank across asset classes including private equity, infrastructure, hedge funds, and private credit. New York-based iCapital will manage and operate the platform, while Citi will remain the distributor for the funds and offer guidance to clients on the role of alternative investments.
BRUSSELS (Reuters) -The easing of trade tensions between the United States and China is a step in the right direction and helps reduce European fears of being flooded with Chinese goods redirected from the U.S. market, European Economic Commissioner Valdis Dombrovskis said. Speaking to reporters after a meeting of European Union finance ministers on Tuesday, Dombrovskis noted, however, that the reduction of tariffs after weekend talks in Switzerland was for 90 days and the tariff rates that remained were still high. "Obviously this easing of trade tensions between the U.S. and China is heading in the right direction but it is worth noting that the 30% tariffs which the U.S. would continue to apply to Chinese goods, also in this 90-day period, is still quite a high tariff level and correspondingly trade distortive," he said.
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Prior to President Trump's second term, there was little back and forth between the U.S. and China on tariffs. Here's what to know.
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