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X @Crypto Rover
Crypto Rover· 2025-08-01 14:03
🇨🇳 CHINA IS INJECTING LIQUIDITY.BULLISH FOR BITCOIN & CRYPTO! 🚀 https://t.co/pqa8ob4TZQ ...
Trump formalizes tariffs just before deadline, targets dozens of countries
MSNBC· 2025-08-01 13:27
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]
WSJ Explains Latest Twists in Trump’s Tariff Plans
WSJ News· 2025-08-01 11:50
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 ...
President Trump announces modified tariff rates for dozens of U.S. trading partners
CNBC Television· 2025-08-01 10:46
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 ...
X @The Wall Street Journal
The Wall Street Journal· 2025-08-01 10:40
Lawmakers have introduced bills targeting China, a reminder of Capitol Hill’s deep-seated desire to punish Beijing over human rights even as President Trump gives priority to a trade deal https://t.co/QrMHzPoULD ...
Trump Announces Sweeping Global Tariffs
Bloomberg Television· 2025-08-01 05:42
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 ...
X @The Economist
The Economist· 2025-08-01 04:40
In the short term, Donald Trump’s easing of AI chip controls will be cold comfort to China. But if American exports pick up once more, then China’s AI sector could, at long last, start 2026 much less constrained https://t.co/5maPlRMIE6 ...
'A tariff curtain around America': Trump begins final tariff countdown
MSNBC· 2025-08-01 04:15
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]
X @The Economist
The Economist· 2025-07-31 22:20
“Zero Day Attack” is the first mainstream TV show made in Taiwan to imagine how China might try to annex the island, making its broadcast a cultural milestone https://t.co/MUz0Mns6ob ...
Rare earth metals are not remotely rare | FT Rethink
Financial Times· 2025-07-31 21:00
Market Overview & Demand - Rare earth metals are a group of 17 metals found almost everywhere but difficult to extract [2] - Rare earth metals are useful in various products including EV cars, phones, medical equipment, and military equipment [2] - Researchers forecast yearly demand to grow to approximately 240,000 tons by 2030, driven by decarbonization targets [2] Supply Chain & Geopolitics - 70% of all rare earths are mined in China and 90% are processed there [4] - China recently announced export restrictions, potentially threatening global industries [4] Environmental & Technological Considerations - Extracting and processing rare earths can produce toxic waste [3] - Opportunities exist for new recycling technologies and less toxic mining/processing methods [5] - The US and EU are investing in processing plants [5] Future Outlook - Demand for rare earths is expected to outpace technologies that reduce their need [6] - How the demand is met may look very different in the years to come [6]