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Showing posts with the label tariffs

Apple to Source all US iPhones from India, Pivots Away from China

Apple says that it plans to begin sourcing all US iPhones from India, pivoting away from previously sourcing them from China. According to a Financial Times report, the tech giant aims to make the shift as soon as next year. Apple plans to move production of all US-sold iPhones from China to India by 2026. pic.twitter.com/J8H7bxZmiX — Watcher.Guru (@WatcherGuru) April 25, 2025 With global tensions only increasing and a trade war with China seeming unavoidable, top US companies are looking to navigate the rough waters. Among them is Apple, which was one of the hardest hit by the tariff threats from the US against Asian nations like China and Taiwan. Recently, the iPhone developer made the news after flying millions of iPhones into the US to avoid tariffs. The company has been making many moves to avoid future tariff threats, with this latest one looking to cut its ties with China, which has the highest US tariffs levied against it. Apple to Shift All US iPhone Development Out of China ...

Institutional Investors Drive April Bitcoin Rally As Retail Investors Exit, Coinbase Says

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Sovereign wealth funds and other institutional investors drove this month’s Bitcoin rally, even as retail traders rushed for the exits, Coinbase said. “Institutions, sovereigns, patient pools of capital were piling in,” said John D’Agostino, head of strategy at Coinbase Institutional, in an interview with CNBC. “At the same time, the retail market was exiting—largely through ETFs.” D’Agostino said that many institutional investors are treating Bitcoin as a hedge against inflation and macroeconomic uncertainty, particularly because of concerns around President Donald Trump’s tariff policies. He compared Bitcoin’s current role in portfolios to that of gold. “Bitcoin is trading on its core characteristics, which again are similar to gold,” he said. “You’ve got scarcity, immutability, and non-sovereign asset portability.” D’Agostino went on to say that Bitcoin is on a “very short list o...

Roche Announces $50B US Investment Plan to Avoid Tariffs

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In what is a major development for the industry, Switzerland-based pharmaceutical giant Roche has announced a $50 billion investment plan in the US. Indeed, the company is set to increase its presence in the country to avoid the ongoing threat of tariffs on the sector. The investment should be massive for the economy, creating more than 12,000 jobs, according to a press release. Moreover, the move comes after US President Trump said that he would no longer exempt the industry from facing import duties. That decision has many companies in the sector looking for much-needed protections. JUST IN: Swiss pharmaceutical giant Roche to invest $50 billion in the United States to avoid tariffs. — Watcher.Guru (@WatcherGuru) April 23, 2025 Also Read: Trump: “Tariffs are Going Well, Everybody Wants to Negotiate” Roche Announces Major US Investment as Pharmaceutical Firm Eyes Tariff Protection For much of April, the global economy has sought ways to deal with the United States’ new Liberation...

Bitcoin: Why Did BTC Drop To A Low Of $81,000?

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The cryptocurrency industry is currently undergoing an immense shake-up. The market was all set to witness Bitcoin (BTC) soar as Donald Trump took over as the 47th President of the US. But the world’s largest cryptocurrency was moving in a whole new direction. The king coin has been struggling in terms of price and is currently trading 23% below its all-time high of $109,114.88. This peak was achieved just two months ago in January 2025. But BTC’s latest crash came as a huge shock to the market. Also Read: Donald Trump Reacts to US Stock Market Crash, The President Says This Bitcoin Strives To Move Forward Among New Investors Source: Watcher Guru This week has been rough for Bitcoin as the asset is experiencing increased volatility. The king coin was trading at a high of over $87,000 earlier this week. But earlier today, BTC dropped to a low of $81,282.10 causing panic in the market. At the time of writing, the asset was trading at $83,098.02. Source: CoinMarketCap Also Read...

Canada Willing to Remove Tariffs if US Does, Doug Ford Says

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Although its northern neighbors have been targeted since his return to the White House, Ontario Premier Doug Ford says Canada is willing to remove tariffs if the US does. Indeed, the country is set to face increased United States import taxes as it seeks to balance trade. For the last several weeks, United States President Donald Trump has championed April 2nd as ‘Liberation Day.’ Indeed, it is set to see the nation institute a bevy of reciprocal import taxes on various nations. Ahead of the announcement, nations are preparing their response to the expected action. JUST IN: Canada says they will remove tariffs if US does. — Watcher.Guru (@WatcherGuru) April 2, 2025 Also Read: US Dollar: April 2nd May Turn Into A Global Crisis Day: Here’s How Canada Is Willing to Remove Tariffs on US Goods, Politician Says Since his return to the Oval Office, US President Donald Trump has leaned into the potential of tariffs. First, he targeted the BRICS economic alliance with 150% tariffs....

Canada Files to Sell US Dollar Bonds

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Although the tensions between the two North American nations have been tested since the start of 2025, Canada has filed to sell US dollar bongs. Indeed, the country issued a press release this week announcing the launch of USD-denominated global bonds on Tuesday. The move is connected to the country’s “commitment to maintain liquid foreign reserves or above 3% of nominal gross domestic product,” according to a statement. Moreover, it comes as US President Donald Trump paused tariffs through a trade deal signed late last week. JUST IN: Canada files to sell US Dollar bonds. — Watcher.Guru (@WatcherGuru) March 11, 2025 Also Read: Trump Advances to Uproot the De-Dollarization Agenda Canada to Issue US Dollar Bonds Amid Brewing Trade War Since his return to the White House, US President Donald Trump has formed a rather contentious relationship with his allies to the North. His integration of aggressive economic policy saw the administration welcome tariffs on the continen...

European Union Vows 'Firm' Response To US Tariffs

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European Union (EU) leaders have vowed to deliver a firm response against the tariffs imposed by US President Donald Trump. Trump imposed tariffs on steel and aluminum imports ranging between 25% to 10%, respectively. The tariffs have not gone down well with the EU as it would impact their imports and exports sector. Also Read: Should You Buy Warren Buffett-Backed Oil Giant Chevron (CVX) Stock? Ursula von der Leyen, European Union’s President vowed that the US tariffs “will not go unanswered.” “I deeply regret the US decision to impose tariffs on European steel and aluminum exports,” she said to AFP. The tariffs on steel and aluminum are imposed on Argentina, Australia, Canada, Mexico, EU countries, and the United Kingdom. She called the US tariffs on the European Union “unjustified” and will take “proportionate countermeasures” to challenge Trump’s trade policies. “Unjustified tariffs on the EU will not go unanswere...

Daily NFT Sales Plunge Amid US Tariffs And Token Burnouts

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The non-fungible token market has plummeted in trading sales volume and floor price value this week, recording less than $20 million in daily sales volume several times since November. In the past seven days, most NFT floor prices have flipped over 10%. This market downturn is associated with the recent intense market volatility fueled by Donald Trump’s high tariffs against Canada, Mexico and China. Daily NFT Sales Fall Below $20 Million Earlier this week, the Donald Trump administration threatened tariffs against Canada, Mexico, and China, with retaliatory tariffs threatened immediately. This sent the NFT and crypto markets plummeting, with Bitcoin falling over 10% to as low as $91,000. But as quickly as the crypto market fell, the tariffs were quickly rescinded, and the market bounced back to its prior levels of over $100,000. US tarriffs on China🚨 Our action plan: Charges for Dropshippers – A product with a cogs of 3 USD as an example: 4px, Yun Express an...

DeepSeek AI predicts Ethereum price as Eric Trump says ‘it’s a great time to add ETH’

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The first weeks of 2025 have been nothing short of turbulent for financial markets, with both cryptocurrencies and equities facing intense pressure. A major shake-up came from China’s DeepSeek AI, which rattled the tech sector promising superior performance at a fraction of competitors’ costs. Meanwhile, President Donald Trump’s aggressive tariff policies further unsettled markets, triggering even greater turmoil. The cryptocurrency market suffered historic liquidation, erasing $2.24 billion in value within 24 hours, with estimates reaching up to $10 billion. Ethereum (ETH) took the hardest hit, leading the liquidation spree with $617.35 million in losses, plunging 16% to a low of $2,476 on February 3. Picks for you AI predicts XRP price for February 28, 2025 40 mins ago ...

CHART: Top memecoins down double digits after weekend’s tariff carnage

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Nine of the 10 largest memecoins by market cap have taken double-digit hits in the past 24 hours following Donald Trump’s imposition of tariffs on Canada, Mexico, and China. The top five coins, Dogecoin, Shiba Inu, Pepe, Official Trump, and Bonk, have lost 12%, 13%, 19%, 14%, and 20% respectively.  Fartcoin, which remains the tenth ranked memecoin by market cap according to CoinGecko, has increased by 20% over the last 24 hours. However, like many other coins, it also suffered significant losses last month. Pudgy Penguins, dogwifhat, Fartcoin, and Floki have lost 67%, 65%, 54%, and 55% respectively over the last 30 days. Price action of the top 10 memecoins by market cap according to CoinGecko. Read more: Every Trump family memecoin has lost money This weekend, Donald Trump passed 25% tariffs on Mexico and Canada and a 10% tariff on Chinese imports. The tariffs had a detrimental impact on the wider markets beyond memecoins, with the S&P 500 dropping 0.5% ...