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 ...

Trade continues to dominate the headlines, with President Trump threatening new or higher levies on countries and products while some U.S. partners continue negotiating better deals. Swiss President Karin Keller-Sutter is in Washington pushing to lower the 39% tariff imposed last week. Japan's chief negotiator is also traveling to the US in pursuit of promised cuts to auto tariffs.Meanwhile, Trump says he'll announce levies on pharmaceutical and chip imports in the next week or so. He's also threatening inc ...

The European Union is preparing to suspend a package of retaliatory tariffs it had intended to impose on goods from the U.S. had it failed to secure a trade deal with President Trump by Aug. 1 https://t.co/YamSneIOWt ...

South Korea says the country’s $350 billion investment pledge that's part of the US trade deal is largely structured as loan guarantees rather than direct capital injections, as it seeks to ease concerns over the scale and risks of the agreement https://t.co/ag6EebGF28 ...

South Korean President Lee Jae Myung’s popularity rose after a last-minute trade deal with the US, which set tariffs on most Korean exports at 15%, on par with regional rival Japan and among the lowest in Asia. https://t.co/Gv3lslDYs7 ...

Trade Agreement Assessment - The US-Japan trade deal is considered "win-win" for both countries [1] - Implementing the trade deal's terms may be more challenging than reaching the agreement itself [1]

The EU’s critics ignore the fact that its problems run deeper than a single trade deal https://t.co/qkvFMqynyM ...