Category: Flash News

On April 5th, senior Israeli officials accompanying the visit of Israeli Prime Minister Netanyahu’s delegation to Hungary stated that Israel is in contact and communication with multiple countries regarding the resettlement of Palestinians in the Gaza Strip. According to media reports such as The Times of Israel and Haaretz, the senior Israeli official stated that the United States has not actively worked to promote Trump’s plan to take over Gaza and permanently relocate all its Palestinians, but Israel is very serious about it.

On April 5th, Morgan Stanley stated that after the announcement of equivalent tariffs, traders believe that the risk of a US economic recession has increased, and the yen will rise by about 7% against the US dollar. Morgan Stanley’s team, including Koichi Sugisaki and David Adams, recommended going long on the Japanese yen and adjusted the target level: shorting the US dollar/Japanese yen at 146.40, with a target of 135 (previously 145) and a stop loss set at 151.

On April 4th, JPMorgan Chase’s position intelligence data showed that hedge funds’ sell-off of global stocks on Thursday was the largest since the first half of 2020, mainly driven by a nationwide sell-off of US stocks. The report states that in terms of sectors, the seven major stocks and non essential consumer goods sectors sold the most, while defensive stocks were generally bought in.

On April 4th, Federal Reserve Chairman Jerome Powell stated in a speech that the uncertainty of the new tariff policy will decrease at some point, and the uncertainty should be much lower in a year. Now is a good time to take a step back and let the situation settle. The Federal Reserve is in a favorable position to respond to any possible situation. The Federal Reserve’s policies may be moderately restrictive. The Federal Reserve is waiting for conditions for policy clarity.

On April 4th, local time, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued a statement on the tariff measures announced by the United States on April 2nd, warning that these measures pose significant risks to the global economy. Georgieva said in a statement, “We are still evaluating the macroeconomic impact of the announced tariff measures, but it is clear that these measures pose significant risks to the global outlook in the context of weak global economic growth. Currently, it is particularly important to avoid taking further measures that would harm the world economy. We call on the United States and its trading partners to cooperate constructively to resolve trade tensions and reduce uncertainty

On April 4th, the South Korean Ministry of Industry, Trade and Resources (MIIT) announced that the US government has confirmed that the “equivalent tariff” rate imposed on South Korean products exported to the US is 25%. Officials from the Ministry of Industry stated that the US government has confirmed the above content, and it is not appropriate to disclose through what channels the South Korean side obtained the information. The equivalent tariff chart displayed by US President Trump in his speech at the White House the day before showed a tariff rate of 25% on South Korean products imported to the US, which is 1 percentage point lower than the 26% tariff rate in the executive order attachment, causing confusion. The South Korean government subsequently sought verification from the US government through diplomatic and economic channels. It is reported that the executive order attachment released on the White House website corrected the tariff rate on imports from South Korea from 26% to 25% the day before.

On April 4th, Dmitriev, the President of the Russian Direct Investment Fund and the Special Representative of the Russian President for Foreign Investment and Economic Cooperation, summarized the results of his talks with US government representatives in Washington, stating that the idea that Ukraine cannot join NATO has been widely recognized, including by the Trump administration of US President. Russian President Vladimir Putin proposed a peaceful resolution to the conflict in Ukraine in June 2024: Moscow will immediately cease fire and announce readiness for negotiations after Ukrainian troops withdraw from Russian territory in new areas. In addition, Russian leaders also pointed out that Kiev should announce its abandonment of its intention to join NATO, implement demilitarization and Nazification, and accept neutrality, non alignment, and non nuclear status. In addition, Putin also mentioned the lifting of sanctions against Russia.

On April 4th, local time, UN Secretary General Guterres delivered a speech on the Myanmar earthquake, calling on the international community to increase financial support to help Myanmar disaster victims overcome difficult times. He announced the dispatch of Deputy Secretary General and Emergency Relief Coordinator Tom Fletcher to visit the disaster stricken areas in Myanmar, while also sending the Secretary General’s Special Envoy for Myanmar, Julie Bishop, to Myanmar to promote peace and dialogue. Guterres said that the strong earthquake in Myanmar has caused serious disasters in Thailand and other places, and the epicenter area of Myanmar has become a scene of “destruction and despair”. The death toll has exceeded 3000 and is still rising, with thousands of people injured and many trapped under the ruins. Guterres calls on the international community to immediately increase financial support to ensure rapid, safe, sustained, and unimpeded humanitarian assistance. Fletcher will arrive in the earthquake stricken area of Myanmar on the 4th, and Bishop will visit Myanmar in the next few days.

On April 4th, US Vice President Vance stated on April 3rd local time that he believes the market may become worse to some extent after the implementation of tariff measures. On April 2nd local time, US President Trump signed two executive orders at the White House regarding so-called “equivalent tariffs”, announcing the establishment of a “minimum benchmark tariff” of 10% for trading partners and the imposition of higher tariffs on certain trading partners.

On April 4th, the Director General of the World Trade Organization, Viola, said on the 3rd that the imposition of tariffs by the United States will have a huge impact on global trade and economic growth prospects. Ivira said in a statement on the same day that the World Trade Organization is closely monitoring and analyzing the tariff measures announced by the United States on the 2nd, and is actively responding to members’ concerns about potential impacts on its economy and global trading system. The statement said that according to preliminary estimates from the World Trade Organization, the tariff measures introduced by the United States since the beginning of this year may lead to an overall contraction of about 1% in global commodity trade volume by 2025, a decrease of nearly 4 percentage points from previous forecasts.