It’s been an eventful week in the world of business and politics. Here’s a quick roundup of the top stories you might have missed.
**Trump’s ‘Liberation Day’ Tariffs Backfire, China’s Silence Speaks Volumes**
Nobel Prize-winning economist Paul Krugman has cautioned that the “Liberation Day” tariffs imposed by former President Donald Trump are having unintended consequences. Krugman argues that China now has the upper hand in the ongoing trade war.
[Read the full article here.]
**China’s Silence Is Scarier Than Tariffs — 5 Ways It Could Hit Trump Hard**
Amid escalating U.S.-China trade tensions, President Donald Trump has been vocal with his tariffs. However, China’s strategic silence could be more impactful than any retaliatory measures. The risks surrounding trade relations between Washington and Beijing remain high.
[Read the full article here.]
**Marc Andreessen Backs Elon Musk’s $10 Trillion US Re-Industrialization Plan**
Renowned tech investor Marc Andreessen has voiced his support for a proposal suggesting that Elon Musk should lead a $10 trillion initiative to reindustrialize the U.S. This proposal was made by a user on X, and Andreessen has given it his backing.
[Read the full article here.]
**Trump’s Tariffs Are Pushing China To Learn To Live Without US, Says Jim Cramer**
According to Jim Cramer, China is rapidly adapting to the trade challenges posed by Donald Trump’s tariffs and trade wars. This shift could mean that China is now less reliant on American markets than ever before.
[Read the full article here.]
**Jamie Dimon: AI Is Not A Bubble, But It Will Cause A Revolution**
Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE: JPM), is not buying into the AI bubble hype. He believes that artificial intelligence is not a fad and that the payoff will come. However, AI will replace jobs at a pace that could cause major problems if governments and businesses fail to prepare.
[Read the full article here.]
*Photo courtesy: Photo Agency on Shutterstock.com*
https://www.benzinga.com/markets/macro-economic-events/25/10/48292994/trumps-tariffs-backfire-china-stays-silent-marc-andreessen-backs-musks-10t-plan-and