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US-China trade war escalates as Trump's tariffs rattle markets CEO says he will be out of business by the end of the year if Trump tariffs come to fruition [CNN]
Last tesla, inc. earnings: 4/29 04:11 pm
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• US-China tensions: An unprecedented trade war between the world's two biggest economic superpowers is escalating . President Donald Trump has expressed optimism that the two countries would reach a deal . But diplomatic efforts are facing challenges. Chinese leader Xi Jinping said his nation was “not afraid” in his first public comment on the trade war. • Uncertainty roils markets: Stocks tumbled after the White House clarified that its tariff on Chinese goods was at least 145%. And the market for US Treasuries is again showing signs of distress . Trump conceded that there may be “transition problems” with his policies but said his team was working with partners on trade deals. • Deportation ruling: The Supreme Court is requiring Trump's administration to facilitate the return of a Maryland man mistakenly deported to El Salvador but stopped short of requiring the government to return him to the US. The vague opinion did not set a deadline for Abrego Garcia's return. Uncertain
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