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China’s Rare-Earth Magnet Exports to the U.S. Snap Back
China’s shipments of rare-earth permanent magnets snapped back in July, signaling a return toward pre-curb trade flows even as the West doubles down on alternative supply. Overall magnet exports hit a six-month high of 5,577 metric tons in July—up ~75% month-on-month and 5.7% year-on-year—after Beijing agreed to normalize sales as part of a trade truce with Washington and Europe. Shipments to the U.S. climbed ~76% m/m to 619 tons, recovering from a May low of just 46 tons during the height of the tit-for-tat restrictions. Germany remained the top destination at 1,116 tons (+46% m/m). Year-to-date (Jan–Jul), ... (full story)
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Cook must resign, now!!! https://www.bloomberg.com/news/articles/2025-08-20/trump-ally-calls-on-bondi-to-probe-fed-s-cook-over-mortgages
Participants continued their discussion related to the ongoing review of the Federal Reserve's monetary policy strategy, tools, and communication practices (framework review). They observed that they had made important progress toward revising the Committee's Statement on Longer-Run Goals and Monetary Policy Strategy (consensus statement). Participants discussed potential revisions to the consensus statement that would incorporate lessons learned from economic developments since the 2020 framework review and would be designed to be robust across a wide range of economic conditions. Participants noted that the Committee was close to finalizing changes to the consensus statement and would do so in the near future. The manager turned first to a review of financial market developments. Over the intermeeting period, the expected path of the policy rate and longer-term Treasury yields were little changed, equity prices increased, credit spreads narrowed, and the dollar depreciated slightly. The manager noted that markets continued to be attentive to news related to trade policy, though markets' reaction to incoming information on this topic was more restrained than in April and May. Against this backdrop, the manager reported that the Open Market Desk's Survey of Market Expectations (Desk survey) indicated that the median respondent's expectations regarding both real gross domestic product (GDP) growth and inflation were roughly unchanged. *FED: MANY NOTED FULL EFFECT OF TARIFFS COULD TAKE SOME TIME *FED: SEVERAL NOTED CONCERNS ABOUT ELEVATED ASSET VALUATIONS *FED: MAJORITY SAW INFLATION RISK OUTWEIGHING EMPLOYMENT RISK Fed Minutes: Some participants said it would not be feasible or appropriate to wait for complete clarity on the tariffs' effects on inflation before adjusting monetary policy. Fed Minutes: Several participants said that the current target range for the federal funds rate may not be far above its neutral level.
From swissinfo.ch | Aug 21, 2025
Swiss watch exports returned to growth in July after a steep drop the previous month, as companies tried to build up their stock in the US ahead of higher trade tariffs. Exports increased by 6.9% compared to a year earlier, the Federation of the Swiss Watch Industry said in a statement Thursday. Excluding the US impact, exports would have dropped 0.9%, ...
