Investor Confidence & Economic Outlook - Investor confidence in Germany's economic prospects declined in August [1] - The decline is attributed to the increased risk of a costly EU-US trade deal [1]

Economic Outlook - South Korea's state-run think tank maintains its growth outlook for 2025 [1] Trade Relations - A last-minute trade deal with the US helped South Korea dodge the worst of punishing tariff hikes [1]

Trade Negotiations - Pakistan and US officials are in discussions to finalize trade deal details [1] - The trade deal includes investments [1] - Pakistan has secured the lowest tariff among major South Asian nations [1]

The US expects to largely complete negotiations with countries that have yet to secure a trade deal by the end of October, Nikkei Asia reported, citing an interview with Treasury Secretary Scott Bessent https://t.co/IMbMWdQeFx ...

Switzerland went from “the front of the queue” for a trade deal with Donald Trump to an economic nightmare — here’s what happened https://t.co/5ZhrWU1bxR ...

Pakistan is one of few countries to have reached a US trade deal without much fuss, unlike arch-rival India https://t.co/8wz9Yhjl37 ...

Trade Policy & Economic Impact - US import taxes reached their highest level since the Great Depression, signaling a new phase in reshaping the global economy [1] - Markets have shown resilience to the remaking of the global trade order, but concerns remain about potential implications [2] - Tariffs may impact consumer grocery bills more noticeably in the near term than retirement funds [3] - Automakers are experiencing billion-dollar hits due to tariffs, potentially leading to increased consumer prices [4] - The Treasury Secretary defends tariff policies, touting the return of trillions of dollars in investments in domestic manufacturing [5] Manufacturing & Investment - The administration aims to rebalance trade in America's favor, bring back high-precision manufacturing jobs, and reduce trade deficits [6] - Investments in American manufacturing are contingent on expectations of future profitability, which is influenced by the stability and predictability of tariff policies [9] - A chaotic and unpredictable tariff regime discourages long-term manufacturing investments in America [10][11] - The current tariff structure may lead to higher inflation and increased prices for consumers without corresponding job creation [11][12] Trade Deals & International Relations - There are questions surrounding the details and enforceability of trade deals with countries like Japan and the EU [18][19][20][21][22] - The Japan deal, touted as bringing hundreds of billions of dollars with 90% of profits to the US, is not understood in those terms by Japanese officials, and lacks written documentation [19][20] - The president has discussed countries "buying down" tariff rates with investments, but details on these investments are scarce [22] - The US is still working on trade deals with China and Mexico, which are considered significant partners [23]

South Korea’s trade deal with the US “helped ease a significant burden” before this month’s rate decision, says Bank of Korea Governor Rhee Chang Yong https://t.co/YoEyg9TwZQ ...

GDP & Tariffs Impact - Q2 GDP 增长 3%，表现强劲 [1] - 分析认为应区分 Q1（关税前）和 Q2（关税后）的数据，Q2 的数据更能反映未来的经济走势 [2] - 如果忽略 Q1 的数据，并基于 Q2 的数据进行预测，大幅降息可能会导致经济过热 [3] - 家具和耐用家居设备成本在 6 月份环比增长 1.3%（年化后接近 15%），娱乐用品和车辆也大幅增长，这可能是关税对消费者的不利影响的初步显现 [11][12][13] Fed's Policy - 美联储不降息可能是为了减缓特朗普政府在中期选举前的经济影响力 [3] - 在没有政治干预的情况下，应该降息 [4] - 需密切关注某些预计会受到关税价格影响的类别，以判断是否需要调整利率政策 [13] US-EU Trade Deal - 美国与欧盟达成新的贸易协议，欧盟将向美国产品开放市场，对美国产品不征收关税，但对进入美国的欧盟产品征收 15% 的关税 [6] - 欧盟将向美国投资 6000 亿美元，购买 7500 亿美元的美国能源 [6] - 欧盟还将购买数亿美元的美国军事产品，并承诺将其对北约的贡献提高到 GDP 的 5%（之前约为 2%）[7] - 该协议对美国来说是一项巨大的胜利，相当于向美国注入了 2 万亿美元的刺激，且不会引发通货膨胀 [7][9]

SEEING NOW. SONALI: MICHAEL HALEN, THANK YOU VERY MUCH. WE WANT TO BRING YOU SOME BREAKING NEWS.THE SWISS PRESIDENT SET TO LEAVE WASHINGTON WITHOUT LOWER TARIFFS. WE WILL BRING IN TYLER KENDALL. TELL US MORE ABOUT THESE TALKS.A PERSON FAMILIAR TELLS BLOOMBERG NEWS THE SWISS PRESIDENT IS EXPECTED TO LEAVE WASHINGTON WITHOUT A DEAL. THE DELEGATION DID PRESENT A NEW TRADE DEAL TO THE UNITED STATES BUT DOESN'T APPEAR TO BE ENOUGH TO GET AN AGREEMENT OVER THE FINISH LINE. OUR REPORTING HAS INDICATED THE SWISS PR ...