JUST IN: 🇺🇸🇪🇺 United States announces trade deal with European Union, imposing 15% tariffs and $750 billion investment deal. ...

Trade Agreement - UK Prime Minister Keir Starmer announced a trade deal with US President Donald Trump [1] - The deal includes a reduction in US tariffs on British steel to zero [1] Industry Impact - The announcement was made at a Jaguar Land Rover factory [1]

From @WSJopinion: Macron is agitating for European retaliation against Trump’s tariffs, but how about he approve a big trade deal instead? https://t.co/87JUbBfS9y ...

US-China Trade & Technology Dynamics - The US government's decision to allow NVIDIA and AMD to sell AI semiconductors into China involves a potential 50% revenue cut, benefiting NVIDIA and China, but potentially hindering US technological advantage [2] - China is urging its domestic firms not to use NVIDIA's H20 chips, aiming to protect its domestic semiconductor industry [1][5] - China's domestic AI chip capabilities are estimated to be a couple of years behind NVIDIA's H20 chip in terms of inference capabilities and running AI applications [3] - The US-China trade deal is becoming increasingly complex, with rare earth metals and other chips potentially used as leverage [9] NVIDIA's Position - NVIDIA needs to balance pleasing both the US and China, which is proving difficult [11] - China is a very important part of NVIDIA's business, representing billions of dollars in revenue, with potentially billions more at stake [10] - Restrictions on the H20 chip could lead to NVIDIA writing off billions of dollars [11] Strategic Implications - The US's decision to allow AI chip sales to China doesn't seem to warrant the dramatic change in national security policy, given existing concerns over exporting these chips [7][8] - China may restrict the sale of NVIDIA's chips to gain leverage in trade negotiations with the US [10] - The US may not be a winner in the deal, despite Trump's deal-making reputation [6][7]

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 ...

International Trade - Pakistan secured a US trade deal with relative ease, contrasting with India [1]