>> Trade negotiations with China set to resume this morning. Joining us now from Stockholm. US trade rep Jameson Grier.Mr. . Ambassador thank you for joining us this morning. >> Of course.Great to be here again. How are you. >> Great.Do you want to look backwards or forward before we I mean, we definitely want to talk about China, but we just had our own discussion about whether the Japan deal, the EU deal, whether they were net positives for both countries, net negatives, whether someone wins, someone lose ...

The US and the EU scrambling to strike a trade deal ahead of next week's August 1 deadline. FT did report yesterday that a potential deal would impose 15% tariffs on European imports, similar to the Japan number that we got this week. Joining us this morning, Commerce Secretary Howard Lutnik.Mr. . Secretary, great to have you. I know you've been busy streets hungry for an update on the EU.What can you tell us. >> Well, the EU really, really, really wants to make a deal. I mean, what's happened is Donald Tru ...

Trade Balance - India experienced a narrower trade deficit in June [1] Global Supply Chains - Global supply chains are under stress due to Washington's tariff policies [1]

joining us now. National Economic Council Director Kevin Hasset. Great to have you on uh Kevin.Uh hadn't been that long, but I I see you a lot uh around and I always wish it was with us, but we understand we we understand you've got a lot to say. I'll tell you the thing I'd like to start with. We we get so excited about pending deals when we when we keep hearing by you know la last time it was I think by Wednesday we were going to have two or three big deals and they they don't come wouldn't it be better to ...

We're seeing some of the highest level of U.S. tariffs since the 1930s. What are you making of the numbers we're seeing so far. Well, I do think they're extraordinary.I mean, if you look at this, again, this is the largest tax increase we've imposed in the United States in many, many decades. And as you said, bringing tariffs levels back to the level we have not seen since the early 1930s. If you look at Asia alone, I mean, when Trump came into office, the average tariff on Asian goods coming in the United ...

It is day 171 of the second Trump administration and here's what we saw earlier. Donald Trump escalating his new strategy of trying to define global trade with another letter campaign. This morning he posted letters to more countries to inform them of the new tariff rate on their goods if they do not make a deal with us by August 1st.Those countries were the Philippines, Sri Lanka, Muldova, Brunai, Libya, Iraq, and Algeria. For the record, none of those countries are among the United States's top 30 trading ...

Southeast Asian nations will likely be subject to comparable US tariffs because major disparities won’t meaningfully cut the overall trade deficit, according to Jeffrey Perlman, chief executive officer of Warburg Pincus https://t.co/6rfkYnM9bs ...

Oh, we're definitely in the eighth or ninth inning with these counterparties. So, what's happened is many of these countries have made us offers to finally open their markets. You know, they just they go slowly, they go with it, and then finally they come to the table at the very end and they start to open their market. And the key is the president wants to balance our trade deficit with the fact that these countries are finally finally opening their market. And if you have something like Vietnam where they ...

uh secretary. Uh Mr.. Secretary, thank you so much for taking the time to join us. We saw a lot of the conversation that happened within that room, but we want to hear for the record from you, the commerce secretary, about just where you think we are with regard to trade negotiations as a whole as we approach that uh previously stated July 9th deadline for tariff deals. So you saw 14 letters went out yesterday. You should expect another anywhere from 15 to 20 letters to go out over the next two days really ...

Where do these negotiations stand. What is the EU specifically willing to accept and on what terms. Yeah, so now they're sort of dawning to this realization that basically this flat tariff, this 10% that the Trump administration has been talking about is basically something that is non-negotiable, which I think for many people was something that was actually pretty clear quite early on in these conversations.Now, it seems that the Europeans have accepted this and are saying, okay, we're going to we're going ...