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To be, or not to be. Can tariffs on China Make America Great Again?

Or will Americans crumble before the high inflation caused by tariffs?

This week, I do deep into who could stand to lose more in this tariff war. The answer could surprise your pants off.

Better hope you are alone when you are reading this.

Moving on, here are the news that shocked the world…

Ship Tariffs? $SPX ( ▲ 0.13% ) : Trump is proposing to impose fees on Chinese-built ships and vessels that dock in the U.S. as China has a monopoly on shipbuilding [Read More]

Netflix $NFLX ( ▲ 1.19% ) : Netflix’s 1Q 2025 results beat expectations, with revenue growing by 13% to US$10.5 billion [Read More]

Google $GOOGL ( ▼ 1.42% ) : Google is facing another class action lawsuit in the UK with a potential fine of US$6.6 billion. Apparently, it was abusing its position to inflate prices [Read More]

JP Morgan $JPM ( ▲ 1.02% )  : JP Morgan Chase’s 1Q 2025 results exceeded expectations. Both revenue and profits grew by 8% and 9%. [Read More]

United Airlines $UAL ( ▼ 1.03% )  : United Airlines issued two profit forecast for the year - one if the economy is fine and the other if it goes into a recession [Read More]

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Here are the news covering the Asia market…

Chagee IPO: Chagee’s share price rose by as much as 49% on the Nasdaq during its first day of trading despite the tension between the U.S. and China [Read More]

MAS: The Monetary Authority of Singapore has projected a GDP growth of between 0% to 2% for 2025 amid Trump’s tariffs [Read More]

SingPost: SingPost will receive SG$55 million from its disposal of 4Pax Information Tech, while investing SG$37 million to acquire full ownership of QSI [Read More]

Vin IPO: Vin’s Holding, a car dealership, saw its share price rise by 17% on its first day of trading on the Catalist board of SGX [Read More]

Keppel Pacific Oak: Keppel Pacific’s distributable income declined by 19.3$ for 1Q 2025 due to lower rental income [Read More]

See below for our handpicked analyst reports:

Not gonna lie. This Trump tariff episode is turning into a sitcom.

Much funnier than the one in 2018. It seems like Trump has forgotten again that most of the things it buys are from China.

In 2024, the U.S. imported a total of US$439 billion from China, which represented 14% of total U.S. imports. Only Mexico beats China at US$510 billion.

In the past 10 years, imports from China have always exceeded US$400 billion per year with a peak of US$538 billion in 2018 (during Trump’s past round of tariffs).

With tariffs on China now at 125%, have we reached a stage where there is no return?

Surely, both countries will try to negotiate some kind of deal, and prevent another round of high inflation.

But who has got more to lose?

That’s … actually a really good question.

From China’s point of view, the U.S. is a key export market at about 15% of its total exports in 2024.

However, ASEAN as a whole is a bigger market at 16% of total exports, while Europe contributes 20%.

President Xi Jinping has already made his move by visiting countries in ASEAN to shore up trade relations.

The same cannot be said for the U.S.

Firstly, it hopes to bring back U.S. companies. But Trump fails to understand that they are too invested in Asia at this point to bring production back.

Secondly, this only increases prices for Americans only.

And countries in ASEAN and Europe are not exactly on friendly terms with the U.S. since the tariffs.

With markets so volatile now, I often find myself confused and frustrated. First of, is this is temporary down market where I can start investing into some cheap stocks?

Or is this is going to be a full-on recession?

That's when I realised I needed help. A lot of expert help.

I found SeekingAlpha’s analysis research very insightful in this time of turmoil. Specifically, there were two articles I read

1. Why Does Volatility Often Lead To Strong Emerging Equity Returns?

2. How Tariff Troubles May Hurt Europe's Growth

These articles helped me form a solid view on how to handle volatility and identify markets to avoid.

Interested in learning more? Use my link https://bit.ly/alphapicks to get started on Alpha Picks from Seeking Alpha.

Interested in using the platform? Use my link here to get started!

Hope the above is fruitful for you all!

Cheers,
James Yeo