Finance

Is the Weakening Dollar a Warning Sign for the Global Economy?

A few months ago, the “Trump trade” was a hot topic on Wall Street. The general consensus was that Donald Trump’s presidency would drive U.S. stocks to outperform, lift Treasury yields, and strengthen the dollar. However, so far this year, all three predictions have significantly faltered. U.S. stock prices have dropped sharply, while stocks in other markets have fared better. Treasury yields have also declined as investors grow concerned about slowing growth. Both trends worsened after Trump imposed hefty new tariffs on nearly all of America’s trading partners on April 2nd.

TECH

The High Cost of Trump’s Tariffs on Big Tech’s Bottom Line

President Trump’s sweeping new tariffs are set to severely impact the tech industry, as hefty import taxes on China and Taiwan threaten to disrupt critical trade flows that are vital to tech companies' operations.

On Wednesday, Trump announced tariffs of up to 30 percent on both China and Taiwan, as part of a broad range of tariffs aimed at imports from across the globe.

Tech companies that rely heavily on manufacturing and supply chains involving China and Taiwan are expected to face significant challenges from these country-specific tariffs, which are set to take effect next week.

“It’s been a devastating day. There’s a lot of confusion in the tech sector right now,” said Dave Warrick, executive vice president of Overhaul, a software-based supply chain solutions firm.

Following Trump’s announcement, major tech stocks saw a sharp decline, with the president outlining a 10 percent baseline tariff on all imports, along with steeper tariffs on several countries considered major trade violators.

China will face a 34 percent tariff, in addition to the 20 percent tariffs already imposed in recent months. Taiwan will incur a 32 percent import tax, while goods from the European Union (EU) will be subjected to a 20 percent tariff upon entering the U.S.

CRYPTO

Eric Trump Says Family Business Led Him to Embrace Crypto

Eric Trump claims his family became “the most canceled company, probably on Earth.”

That was in the past.

With his father, President Donald Trump, back in the White House, Eric sees a new opportunity to generate revenue.

“It was actually what pushed us toward cryptocurrency,” the president’s middle son explained to CNBC, referencing the Trump family’s latest business pursuits. “You realize that cryptocurrency was much faster, more practical, more transparent, and exponentially cheaper.”

In 2022, nearly two years after President Trump’s first term ended, two subsidiaries of the Trump Organization were convicted in New York on multiple charges, including tax fraud, falsifying business records, and conspiracy. The guilty verdicts came on all 17 counts just three weeks after Trump announced his 2024 presidential bid.

Last month, the Trump Organization filed a lawsuit against Capital One in Florida, accusing the bank of unjustifiably closing over 300 of the company’s accounts after the January 6, 2021, Capitol riot. The lawsuit claimed Capital One acted on "unsubstantiated, ‘woke’ beliefs" that it needed to sever ties with Trump and his conservative views.

Before Trump’s return to the White House, the Trump Organization introduced a new ethics plan designed to limit his involvement in business decisions while in office.