Trump’s tariffs backfire, China remains silent, Marc Andreessen backs Musk’s $10 billion plan and more: This week in the economy – JPMorgan Chase (NYSE:JPM)

It was an eventful week in the business and political world. Here’s a quick look at the top stories you may have missed.

Trump’s ‘Liberation Day’ tariffs are counterproductive, the silence in China speaks volumes

Nobel Prize-winning economist Paul Krugman has warned that the “Liberation Day” tariffs were imposed by the former president Donald Trump have unintended consequences. Krugman argues that China now has the upper hand in the ongoing trade war.

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China’s silence is scarier than tariffs: five ways it could hit Trump hard

Amid escalating trade tensions between the US and China, President Donald Trump has spoken out on his tariffs. However, China’s strategic silence could have a greater impact than any retaliatory measures. The risks surrounding trade relations between Washington and Beijing remain high.

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Marc Andreessen backs Elon Musk’s $10 trillion US reindustrialization plan

See also: ‘Nobody Wants Cash Right Now’ as Confidence in Fiat Currencies Collapses: Institutional Cash Allocation Falls to Lowest Level in Twelve Years

Renowned technology investor Marc Andreessen has expressed support for a proposal that suggests this Elon Musk should lead a $10 trillion initiative to reindustrialize the US. This proposal was made by a user on X, and Andreessen has given it his support.

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Trump’s tariffs force China to learn to live without the US, says Jim Cramer

According to Jim KramerChina is quickly adapting to the trade challenges posed by Donald Trump’s tariffs and trade wars. This could mean that China is now less dependent on US markets than ever before.

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Jamie Dimon: AI is not a bubble, but it will cause a revolution

Jamie Dimon does not participate in the hype of the AI ​​bubble. The JPMorgan Chase & Co. (NYSE:JPM) The CEO believes artificial intelligence is not a fad and the rewards will come. However, it will replace jobs at a pace that could cause major problems if governments and companies do not prepare.

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Disclaimer: This content was produced in part using AI tools and was reviewed and published by Benzinga’s editorial staff.