TSLA opening manufacturing plants in India is the biggest mistake in it’s history and an even bigger mistake in the entire history of Indian Commerce… That kind of business operation will skew factors against the both of them long term and Indian polity is gonna regret it.
It is the best thing from the perspective of business acumen to keep the manufacturing plants inside the mainland and export from there irrespective of whether there is a tariff or not. Ships leave the mainland carrying cars and return home to the mainland with hundreds and thousands of containers filled with goods from all categories (produced in India) which supports millions of people daily. You lose on TSLA but gain BIG on all other categories.
Trump suggests a trade deal with China is “possible”, USD/JPY briefly dipped below 150 ahead of US data & Fed speak
Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.
5 Things You Need to Know
US President Trump remarked that a new trade deal with China is possible; EU’s Sefcovic says they are prepared to talk about reducing the 10% US auto tariff.
European bourses opened mixed but have gradually edged higher; US futures modestly lower.
USD is softer vs. peers, JPY benefits from yield dynamics, AUD boosted post-jobs.
USTs inch higher continuing post-FOMC price action while EGBs remain in the red.
Crude and metals benefit from the softer Dollar; Rio Tinto says “Near-term market conditions are expected to remain challenging in 2025”.
puppy back on the backfoot and treading water in a consolidation zone for now.
as earlir trump’s rehashings of auto tariffs appear to have lost their posi-dollar effect.