Taxes
Less than 24 hours after President Donald Trump unveiled a list of Chinese imports that his administration aims to target, China strikes back with its own tariffs on U.S. products. Trump’s US$50 billion tariffs in Chinese imports cover a staggering 1,300 categories of products, arguably the most aggressive trade war against the Chinese. The slap of 25% […]
... written on Apr 05 2018You don’t want to pick up a fight with Donald Trump if you’re not 100% sure what you’re getting into. In a little more than a year as POTUS, this president has made more enemies than any president in the history of U.S. presidency. On the international stage, he picked up fights with EU, NATO, […]
... written on Apr 03 2018Thanks to Cambridge Analytica scandal, European Union has now found the excuse to regulate Facebook. The data-harvesting scandal has essentially opened the floodgate, presenting a golden opportunity for the EU to contain the growing influence of the world’s largest social media company. Well, don’t blame the EU – it was Zuckerberg’s fault. The co-founder […]
... written on Apr 02 2018After President Trump proudly signed an executive memorandum to slap tariffs on up to US$60 billion in Chinese imports on Thursday, the Dow Jones dropped 724 points. The U.S. DJIA plunged another 425 points on Friday after China strikes back with its own counter-tariff measures. It appeared the markets were sending a message to Trump. […]
... written on Mar 25 2018President Donald Trump, as anticipated, signed an executive memorandum that would impose tariffs on up to US$60 billion in Chinese imports on Thursday. Unlike the earlier tariffs of 25% on steel imports and 10% on aluminium imports signed earlier this month, the latest tariffs are designed to specifically punish China unfair trade practices with the U.S. […]
... written on Mar 23 2018Forget steel or aluminium. As President Trump finds that it’s not as easy as a walk in the park to punish China for dumping cheap steel and aluminium on American soil – without slapping the same tariffs on allies such as Canada or European Union – his administration may have found to way to punish […]
... written on Feb 23 2018Where is Donald Trump when we need him the most (*grin*)? Shouldn’t he take credit for the market plunge, the same way he bragged about a bull run under his watch? Obviously even the U.S. president couldn’t stop a flash crash, as what happened on Black Monday. After Friday’s 666 points crash, Monday saw Dow […]
... written on Feb 06 2018As the U.S. Treasury Department announced on Monday that it expects to borrow US$441 billion in the current January-March quarter, the largest amount in 8 years, more bad news comes in. The DJIA (Dow Jones Industrial Average) plunged 177.23 points, its biggest drop of 2018 after the 10-year treasury yield shot higher above 2.7% to reach its […]
... written on Jan 30 2018A month before Malaysia’s 13th general election on 5th May 2013, something quite interesting and amusing occurred behind closed doors. Opposition de-facto leader Anwar Ibrahim and then Prime Minister Najib Razak signed a secret agreement at the presence of former Indonesian vice-president Jusuf Kalla. Why was there such an agreement? The long and short […]
... written on Jan 29 2018If you’re not an American, chances are you would notice your local currency suddenly skyrockets. Keep calm and stop celebrating because it has nothing to do with a sudden boost in your country’s economy. Instead, the US dollar has suddenly plunged to a 3-year low and its biggest 1-day drop in 10 months simply because […]
... written on Jan 25 2018
