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X @Bloomberg
Bloomberg· 2025-08-29 01:48
Indian businesses are looking to expand production in Africa for exporting to the US, after President Donald Trump hit the South Asian nation with one of the steepest levies globally as punishment for purchases of Russian oil https://t.co/jefzrqUZyE ...
Navarro Weighs In on Bolton, Lisa Cook and India Tariffs
Bloomberg Television· 2025-08-27 22:02
Legal & Ethical Concerns - Lisa Cook面临因涉嫌在两周内为两处房产申请抵押贷款时提供虚假永久居住地声明的指控,这可能构成不当行为 [4] - 总统有权以正当理由解雇联邦储备官员,本案中的理由可能是渎职 [3][6] - 类似的不当行为指控过去曾导致政府官员离职 [5] - 对于与丽莎·库克类似指控的人,可能会面临牢狱之灾、资产没收和赔偿 [11] Federal Reserve & Monetary Policy - Lisa Cook 此前曾投票支持维持低利率,导致通货膨胀 [8] - Lisa Cook 被指责在担任美联储理事期间将美联储武器化 [10] Geopolitics & International Trade - 印度对俄罗斯石油的购买行为,尽管享有折扣,但实际上帮助俄罗斯资助了对乌克兰的战争 [17][18] - 印度对俄罗斯石油的购买量约为每天 150 万桶 [21] - 印度被指责在关税问题上不诚实,并且不愿停止购买俄罗斯石油 [16][17] - 如果印度停止购买俄罗斯石油,可能会促使俄乌战争结束 [20] - 印度对进口商品征收高额关税,损害了美国的企业、工人和消费者 [19] - 对印度征收 80% 关税的可能性正在谈判中 [15]
Trump's 50% Tariffs on India to Start Wednesday
Bloomberg Television· 2025-08-25 14:14
Trade Relations between US and India - US concerns over trade deficit with India, citing higher tariffs and non-tariff barriers that negatively impact American workers and businesses [1] - India uses revenue from trade with the US to purchase Russian oil, raising further concerns [1] India's Stance and Response - India will continue to buy oil from wherever it gets the best deal, despite potential penalties [2] - India views itself as unfairly singled out regarding secondary tariffs, pointing to China as a larger importer of Russian crude [4] - India is maintaining its autonomy and balancing alliances by continuing to import Russian energy supplies [4] US Tariff Threat and Negotiations - The US is threatening to impose 50% tariffs on India [2][3][6] - There's no guarantee the White House will offer trade concessions to India [3] - Trade talks have stalled, particularly concerning US agricultural products [6] - India has hired a lobbying firm with close ties to the White House to advance trade talks [6] - The US has nominated an ambassador to India, potentially indicating progress in trade relations [6] Bloomberg Economics Analysis - Bloomberg Economics analysts suggest India will continue importing Russian oil to secure energy supplies and keep domestic prices low, which are important for its growth [3]
Watch CNBC's full interview with Treasury Secretary Scott Bessent
CNBC Television· 2025-08-19 12:40
International Relations and Geopolitics - The report suggests a potential bilateral meeting between President Putin and President Zelensky as the only way to end the conflict [5] - The discussion involves security guarantees for Ukraine, with the understanding that disagreements over the Digital Services Tax (DST) should not impede conflict resolution efforts [16] - China's oil imports from Russia are considered "suboptimal," while India's increased Russian oil imports and reselling activities are viewed as "unacceptable" due to alleged profiteering [33][34] Economic Policy and Trade - The Treasury Secretary anticipates tariff revenue could reach $300 billion this year and may need to be revised upwards substantially [36][37] - The administration is focused on reducing the deficit to GDP and paying down the debt, potentially using tariff revenue as an offset for the American people at a later point [36][37] - The Digital Services Tax (DST), particularly in countries like Italy, France, and Spain, is considered an unfair tax on US internet companies [13] - The US is pushing back against the DST globally, fearing it sets a precedent for countries like India, Turkey, and Brazil [17] - The administration aims to achieve self-sufficiency in key industries like chips, pharma, steel, and rare earths to avoid vulnerabilities exposed by COVID-19 [20] Monetary Policy and Inflation - The Treasury Secretary will meet with 11 candidates for Jay Powell's replacement after Labor Day [30] - The report mentions that a significant component of the recent PPI number was investment services, reflecting market gains [31] - The Treasury Secretary suggests that cutting rates could stimulate home building, potentially mitigating inflation in the long term [41] Technology and National Security - The administration views restrictions on advanced chip sales to China (like Nvidia's H20) primarily through a security policy lens [19] - The H20 chip is considered less of a national security risk, and the goal is to establish the US standard as the global standard for chips [22] - The US government is considering taking a stake in Intel to stabilize the company and support chip production in the US, but denies plans to force companies to buy Intel chips [26] - The administration aims to reduce the single point of failure in the global economy, where 99% of advanced chips are made in Taiwan, for national security reasons [28]
White House officials says Trump-Putin summit tentatively scheduled for end of next week
CNBC Television· 2025-08-08 17:25
Getting some breaking news on Russia as we mentioned a few moments ago. Let's get to Aean Jabvers. Hey Aman. >> Hey Carl.That's right. A senior White House official telling NBC News now that a summit meeting between President Putin and President Trump has now been tentatively scheduled for the end of next week. No word here on a location for that summit meeting.A couple of countries are in discussions according to the official. UAE, Hungary, Switzerland, and Rome are all possible locations for that meeting. ...
Trump doubling tariffs on imports from India to 50%
NBC News· 2025-08-06 23:01
Trade Policy & Tariffs - The US President is increasing tariffs on imports from India to 50% due to India's purchase of Russian oil [1] - New tariffs are set to take effect on India in 3 weeks, while tariffs of at least 10% are set to become reality on imports from nearly 70 different countries [2] - These tariffs mark the highest rates the US has seen in almost 100 years [2] - The President is using secondary tariffs to pressure Russia amid ceasefire negotiations with Ukraine, targeting countries that do business with Russia [4] Economic Impact & Consumer Effects - The President suggested a potential "dividend" to Americans from tariff revenue, but this may be offset by rising prices due to the same tariffs [6][7] - The Treasury Department reported $30 billion in tariff revenue as of last month, but the source of this money is debated, as American companies pay the increased costs [8] - Consumers are likely to feel the impact of the tariffs, but the timing is uncertain; it takes months to experience the effects [11][13] - Tariffs on countries like Vietnam (20% tariff) will impact the cost of footwear and clothing, while tariffs on Brazil (50% tariff) could make coffee beans more expensive [13]
X @BBC News (World)
BBC News (World)· 2025-08-06 15:32
Trump hits India with extra 25% tariff for buying Russian oil https://t.co/HKmVS5C8zA ...
Watch CNBC's full interview with President Donald Trump
CNBC Television· 2025-08-05 13:44
And you can see right now the ten year at 422, the two year at 370. >> And now to the gusts that we've been talking about all morning President Donald Trump. Mr.. President welcome. Thanks for thanks for calling in. Wish you could be here in person, but we'll do this.>> Good morning Joe. >> We've been talking about the BLS and the employment numbers all morning long. Sometimes I know you get a chance to tune in. I want to bring up a chart.I hope you can see it, or else I'll describe it to you. This is the r ...
X @Bloomberg
Bloomberg· 2025-08-05 12:55
President Donald Trump said he would raise tariffs on Indian goods “over the next 24 hours” in response to New Delhi’s continued purchases of Russian oil https://t.co/lUJFGMw8yQ ...
Why Modi won't budge on Russian oil
Bloomberg Television· 2025-08-05 06:20
[CC may contain inaccuracies] India's poor, Chinese and Russian oil is fast emerging as a potential flashpoint with the US and the European Union. But despite threats from the US Open, India's Prime Minister Narendra modi, is refusing to budge. Over the weekend, at least four tankers offloaded 3 million tonnes of Russian crude to Indian refiners.More is on the way. Importantly, there are no directions from New Delhi to refiners to stop. On the contrary, India described its ties with Russia as steady and tim ...