Tariff Uncertainty & Deadlines - The market faces uncertainty regarding President Trump's tariff threats, with August 1st as a key deadline [1][2][4][15] - Negotiations are crucial; positive outcomes could lead to further exemptions, while failures may trigger tariff increases [2][3][15] - Clients are advised to closely monitor the news cycle for updates on negotiations [2] Political & Policy Considerations - Tariffs on Brazil are more of a political issue related to President Trump's views on former President Bolsonaro [3][4][6] - The US-Brazil relationship is unique due to this political dimension [4] - President Trump's use of the International Emergency Economic Powers Act (IEEPA) to implement tariffs is facing legal challenges [6][7] Implementation & Market Impact - Markets are largely pricing in the new round of tariffs as status quo [8] - The President aims to avoid tariffs that harm US consumers [9][10][11] - USMCA goods from Canada are not impacted by the additional 10% tariff, limiting the impact on US consumers [10] - Rising prices at grocery stores and major retailers could prompt President Trump to reconsider tariffs [11][12] Legal Challenges & Timelines - Court proceedings challenging the tariffs are ongoing, but courts move slowly [12][13] - The Supreme Court could potentially hear the case later this year [14] - Market participants desire immediate certainty, which the courts cannot provide [14][15]

Joining us now is Wendy Cutler, vice president at the Asia Society Policy Institute. She's a former acting deputy at the US Trade Representatives Office and worked on negotiations including on the TPP deal and high level China talks. And Wendy, it's great to have you on the show.Welcome. Thank you. Um so, so let's start right there because we did see these deadlines for the cipal tariffs at least in terms of u the the companies for which these letters have gone out extended to August 1st.How much can get do ...

Trade Policy & Deadlines - The President has set a firm deadline of August 1st for country-specific tariffs to take effect, with no extensions granted [2] - This deadline is intended to be unchangeable, despite previous indications of flexibility [3][4] - Tariff rates could potentially fluctuate based on ongoing negotiations [4] Trade Negotiations & Partners - Trade negotiations involve multiple countries, including Japan, the EU, and India, with varying degrees of progress [7][8] - Japan and the EU are perceived as particularly tough negotiators [8] - Smaller deals with countries like Thailand, Malaysia, or Cambodia might be reached sooner [9] - The White House is prioritizing negotiations with the largest trading partners, which are also the most challenging [9] Cabinet Meeting Focus - The cabinet meeting will address the impact of the President's mega bill on each department [6] - Updates on trade negotiations are expected from the Treasury Secretary, Commerce Secretary, and the US Trade Representative [5]

company's CEO, Kirk Tanner, is departing to take the top job at Hershey. >> Let's get to Washington this morning. Our Megan Cassella joins us with the latest on tariffs and what we might expect today and in the very important coming days Megan good morning.>> Hey good morning guys. So the president has now formally extended the deadline for all of those so-called reciprocal tariffs from July 9th tomorrow to the end of the month. So there's country specific tariffs that were supposed to take effect tomorrow ...

3 months after Donald Trump announced so-called reciprocal tariffs on nearly every country in the world threatening to dramatically raise tariff rates um if if negotiations weren't successful. He's come back with about two dozen letters that he's posted on social media in typical Trumpian fashion reiterating that he will essentially impose more or less the same rates that he established in April if negotiations aren't successful over the next couple of weeks. today offers a reprieve to Asian exporters becau ...

Market Negotiation & Tariffs - The market interprets current tariff threats as negotiation tactics, similar to real estate dealings, expecting resolution within months [2][3] - The market anticipates that prolonged trade ambiguity could negatively impact the Republican Party in the midterm elections [4] Economic Resilience - The US economy demonstrates remarkable resilience despite tariff-related turmoil, with consumer spending holding strong [5][10] - Inflation has not significantly increased, with some indicators suggesting a near-zero rate for July [5] Labor Market & Employment - Industry payrolls rose by only 74,000, the lowest since 2004, raising concerns about underlying economic equilibrium [7] - Weak employment numbers, particularly in nonfarm payrolls (excluding government employment), prompted bearish sentiment [9][10] - The industry anticipates improved employment numbers and economic growth in the second half of the year [11] Optimistic Outlook - The US stock market is expected to take a long-term optimistic view, supported by the ongoing technology and digital revolution [6][7] - The US economy has been stress-tested by tariff turmoil and is passing the tests [10]

Trade Policy - Trump issued new tariff rates, indicating potential shifts in trade policy [1] - The situation remains open to negotiations, suggesting possible adjustments to the tariff rates [1] Impact and Outlook - Bloomberg experts are providing insights into who is most impacted by the new tariff rates [1] - The market is seeking clarity on the next steps and potential outcomes of the trade developments [1]

🎙 Trump issued new tariff rates, but said he was still open to negotiations.Who's most impacted and what's next? Ask Bloomberg experts at 11am HKT on July 8 / 11pm ET on July 7 in a Live Q&A ⤵ https://t.co/DqkIjDoS80 ...

more or less final offer. Look, we're always subject to negotiate something that's fair, but we've talked to most of the countries and pretty much they've had their way for many, many decades, as you know, and it was time that we just wanted fairness. This is uh not really equitable from our standpoint because it's just a small token by comparison to the damage that's been done over the years, but we had no other president that was willing to do this.And all I say to the other countries is, you know, some o ...

I think that we're expecting a lot, but we're also quite aware that it is there are a lot of problems here, and that is to say Israel is certain that Hamas is so pushed back on its back hills that it's going to yield and give in to Israel's demands. It's not at all clear to me that that is the case. So the talk of a deal I think, could get difficult if Hamas doesn't agree to all the things that Israel's insisting on, which is basically complete defeat of Hamas.Netanyahu and Trump are meeting for dinner this ...