Trade Policy Changes - US President signed an executive order announcing new tariffs ranging from 10% to 41% on dozens of countries, scheduled to take effect on August 7th [1] - Talks with China continue with an August 12th deadline approaching [1] - Mexico received a 90-day extension [1] - Canada was hit with a 35% tariff on imports, effective immediately [2] Trade Deal Frameworks - The executive order formalizes trade deal frameworks already negotiated with a handful of nations [1] - The US President indicated openness to deals within four weeks [1] US - Canada Trade Relations - The US President stated Canada has been treating the US badly for years and that the US wants fairness [2]

President Trump signed an executive order slapping tariffs on virtually every country in the world, but there are some big exceptions and some big important uh details. This is an update to the so-called liberation day tariffs back in April. The big detail is that he delayed implementation for another week on most of the countries.So, we now have until August 7th. Administration officials say this is leaving room for some further negotiations. I will never count out the president.You've seen him do it befor ...

Meanwhile, uh, President Trump ratcheting up tariffs on countries around the world, uh, with a new rate set to kick in within days. I should say new rates because there's a lot of them. And we want to get the very, very latest this morning from Megan Cassella.Good morning to you. >> Good morning, Andrew. So, with one executive order overnight, the president, as you said, increasing tariffs and adjusting them on dozens of countries across the world.All of these new rates set to take effect within 6 days from ...

It's really been a wild morning and a mishmash of numbers, and some of them are pretty much in line with what we were expecting. So that 10% baseline, not a 15 as sort of has been bandied about the past few weeks, and then the highest rates being around 41%. Still, of course, a lot of questions about China, for example, some of the larger economies as well that are on sort of a different track.Then there's reciprocal levies. So that would be Canada, Mexico, as well as China. So we still don't have the final ...

Let's actually get to those tariff headlines because there's a lot to really go through, including that 20% on Taiwan, as we mentioned, but also Canada going from 25 to 35%. Avril Hong is here with a recap of what are those rates to watch, Avril. Yeah, I mean, I think the simplest way to put it is kind of to put things into three buckets.So we have sort of the winners. And on the other spectrum, end of the spectrum, we have those that have been hit with higher rates than were anticipated, and you have the l ...

Trade Policy & Tariffs - The Trump administration imposed new tariffs, some as high as 41%, on countries that haven't reached a trade deal, with these tariffs taking effect a week later [2] - Canada's tariff rate was raised from 25% to 35% [3] - The US has trade deals in place with the UK, Europe, Vietnam, and South Korea, but the tariff increases are significant compared to pre-Trump levels, and the details remain unclear [4] - A federal appeals court is questioning the legality of Trump's unilateral imposition of tariffs using emergency powers [5] - The imposition of tariffs is leading to a "permanent tariff curtain" around the US, potentially ending the era of global free trade led by the US [7] - Future tariffs with most trading partners are expected to be around 15% or higher [10] - Exemptions worth approximately $1 trillion have been granted, with an unclear process for obtaining them [20] Economic Impact & Market Reaction - Tariffs are considered a tax on the American public, with companies initially absorbing the costs before passing them on to consumers, leading to inflation [23] - The market's positive performance is largely driven by a few massive tech companies, while manufacturing companies are bearing the brunt of the tariffs [31] - Specific sectors are negatively impacted, with apparel and accessories stocks down 19%, household products down 7%, and pharmaceuticals down 6% [33] Geopolitical & Legal Considerations - Tariffs are being used not only to correct economic imbalances but also to achieve foreign policy goals, such as influencing Canada's position on Palestine [16] - The legality of using national security as justification for tariffs, especially in cases unrelated to genuine security threats, is under scrutiny [29] - Businesses face uncertainty regarding tariff rates, effective dates, affected goods, and the legal validity of the tariffs [30]

The president will start telling countries where they stand at midnight tonight. That's in about four hours. As for Canada, the White House is is already letting them know early, saying that they are getting hit with a 35% tariff hiked up from 25%.President Trump says meanwhile there is this lastminute scramble from other countries trying to get trade deals inked right before the deadline and saying he didn't do a lot of this during his first term because he was too busy with other stuff. We have made a few ...

President Trump increases tariffs on Canada from 25% to 35% effective on Friday.https://t.co/sk75to7efH ...

President Trump increases tariffs on Canada from 25% to 35% effective on Friday.https://t.co/XQxKNZkg05 ...

Trump Tariffs Live Updates: US Sets Baseline Rate of 10%, Hikes Levy on Canada https://t.co/7EUXyrKE6r ...