The White House released adjusted reciprocal tariff rates covering imports from a range of trading partners, aimed at narrowing trade deficits and raising revenues.Here's what they are https://t.co/inGacMqICq https://t.co/wehI1AhTIf ...

Why has Switzerland been hit so hard. So this came as a complete surprise to the Swiss. The reason for this is Switzerland's great huge surplus with the US.If you ranked the US trade deficits with other countries, the Switzerland ranks number 12. It's a $38 billion. So that obviously is a big number and that's mostly due to pharma.We know that pharma is one of the things that Trump targets. And Switzerland's just got the short end of the stick here. So what has been the response of the Swiss government. The ...

Trade Policy - The White House released adjusted reciprocal tariff rates [1] - The aim is to narrow trade deficits and raise revenues [1] Impact - The adjusted rates cover imports from a range of trading partners [1]

President Trump has declared the trade deficit a national emergency and used the designation to justify the vast majority of his tariffs. Here's what to know https://t.co/gplOepGlD7 ...

Global Economic Outlook - Global economic growth expectations are diminished compared to previous expectations, but a modest upward revision exists compared to April due to easing trade tensions [2][3][4] - Medium-term growth has been relatively weak and is expected to continue, with tariffs potentially exacerbating this trend [6][7] Impact of Tariffs - Tariffs are expected to be around 17% on average for the US on the rest of the world, a significant increase from less than 3% last year [5] - The depreciation of the US dollar is amplifying the tariff shock, making foreign goods more expensive and US goods more competitive [10] - Tariffs are starting to transmit into domestic prices, with importers, distributors, retailers, and eventually customers likely to bear the cost [12][13] US Economic Performance - US GDP outlook for 2025 is revised to 19%, with a slight acceleration to 2% growth in 2026, partly due to tariffs not being as severe as expected and the recent budget bill [7][9][11] - The US economy has been helped by easing financial conditions, with equity markets performing well and a depreciation of the US dollar [10] Trade Deficits and Policy - The US is concerned about its trade deficit, a legitimate concern monitored by the IMF [15][16] - Tariffs and trade policy are unlikely to significantly reduce the US's external deficits, which are primarily driven by domestic fiscal policy [17][18] - The US fiscal policy, with 6-7% public deficits, is a primary driver of the external deficit, and addressing this through fiscal policy is preferable to raising tariffs [18][19]

US-China Trade Relations - The US faces a significant trade deficit with China, a problem that has persisted for decades [1] - National security concerns create tension regarding the extent of trade with China, specifically regarding the potential transfer of tools that could threaten US security [1] - Export controls, initially imposed by Biden and later strengthened by Trump, are a key point of contention between the US and China [1] - The US seeks to raise tariffs on Chinese products, potentially by 10-20% or more [1] - China's perspective on what constitutes a "win" in trade talks remains unclear, with the future of TikTok potentially being a factor [1] Chinese Economic Policies and Global Impact - China's economic structure is heavily geared towards production, leading to overcapacity in various industries [1] - Chinese government subsidies enable the production of very cheap EVs (under $25,000) for the EU market [1] - The EU is concerned about potential de-industrialization due to the influx of subsidized Chinese goods [1] - China's domestic consumption is relatively low, contributing to trade imbalances [1] Technology and National Security - The Committee on Foreign Investment in the United States (CFIUS) assesses whether foreign companies can invest in the US, with Nvidia chips being a recent example of scrutiny [1] - China passed a law preventing the export of TikTok's algorithm, posing hurdles to any potential sale of the platform [1] - China controls information flow within its borders, restricting access to platforms like Twitter and Google [1]

>> 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 ...