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U.S. Trade Rep. Jamieson Greer on EU framework trade deal
CNBC Television· 2025-07-28 14:49
Trade Relations - The US and EU are aiming for balanced trade relations [2] - The EU will reduce tariffs on US industrial goods, including chemicals and medical devices [1][2] - The EU will reduce tariffs on several US agricultural goods [2] - The US will be able to impose a 15% tariff on the EU [2] - This agreement follows a "big NATO win" and positions the US-EU relationship for improvement [3] Economic Impact - The US has a $235 billion trade deficit with the EU [2] Automotive Industry - The EU will accept aspects of American auto standards [1]
U.S. trade rep defends Trump’s EU deal: 'Structural change' in America’s favor
MSNBC· 2025-07-28 12:16
And joining us now, United States Trade Representative Ambassador Jameson Greer, who's in Stockholm, Sweden this morning to meet with Chinese trade negotiators. Mr. . Ambassador, thank you so much for joining us this morning.We'll get to China, uh, in a moment, but first, uh, talk to us a little bit more about this trade deal with the EU uh, that President Trump announced yesterday. U, you he certainly viewed it as a win. Some in Europe view it as sort of a tough but fair deal.Give us some of the the basics ...
X @The Wall Street Journal
From @WSJopinion: More investment inflows from Japan by definition mean a larger trade deficit in the U.S. balance of payments. Has someone told the President? https://t.co/6HSFYT86Ft ...
Watch CNBC's full interview with U.S. Commerce Secretary Howard Lutnick
CNBC Television· 2025-07-24 14:06
and make official. Start your will at trusted will and make it count. >> The US and the EU scrambling to strike a trade deal ahead of next week's August 1st deadline.FTX 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 Lutnick. 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 ...
X @Bloomberg
Bloomberg· 2025-07-21 22:18
When it comes to trade and deficits, Monday was not a great day for the US economic outlook: Here’s your Evening Briefing https://t.co/XPlej4NFsU ...
Treasury Secretary Scott Bessent on U.S. trade talks: Quality of deals more important than timing
CNBC Television· 2025-07-21 12:28
Joining us now, Treasury Secretary Scott Bessant. Uh, Mr. . Secretary, it's great to have you on as it always is.Good to see you. Morning, Joe. Lead story, uh, economy showing swagger as tariff fears eb.This is the Wall Street Journal pointing out that, uh, there was quite a bit of, um, of angst and hand ringing uh, back in April. a lot of U forecast that the bottom was going to drop out and just flatly stated here and I I know it might not be the favorite uh paper around the White House at this point but t ...
Trump says he will hit E.U. and Mexico with 30% tariff
MSNBC· 2025-07-12 20:21
We begin with new tariffs slapped on Europe and Mexico. President Trump today announcing new tariff letters dispatched to members of the European Union imposing a 30% tariff on imports that starts August 1st. European leaders reacted swiftly saying they will continue trade talks but consider counter measures.They plan to meet tomorrow in Brussels to respond. How is the president justifying this new 30% tariff on both the European Union and Mexico. Well, the president, as you said, is threatening to put thes ...
Trade Adviser Navarro on Trump's Tariffs, Fed's Powell
Bloomberg Television· 2025-07-11 21:52
Trade & Tariff Policy - The administration suggests that most trading partners could face tariff rates between 15% and 20% [1] - The country faces an urgent national emergency due to massive trade deficits, cumulatively around $18 trillion over several decades, representing a transfer of wealth, factories, and jobs abroad [2] - The US has collected approximately $100 billion in tariffs, marking a record for a single fiscal year [4] - The US is collecting $18 billion in tariffs from China alone on fentanyl [5] - A 35% tariff threat is being considered for Canada, but it is not yet applied under the USMCA agreement [7][8] - The administration is considering a potential 200% tariff on pharmaceuticals, possibly with a delay of over a year to allow supply chains to reorient [12] - Section 232 tariffs aim to strengthen the defense, manufacturing, and health industrial bases [13] Economic Impact & Fiscal Policy - The administration believes that combined with tariff revenues, the "big, beautiful bill" will turn a $2 to $3 trillion deficit into a $2 to $3 trillion surplus [16] - The Congressional Budget Office (CBO) forecasts a 18% rate of economic growth, which the administration considers too low [18] - Increasing the growth rate by 1% could raise a couple of trillion dollars, potentially leading to neutrality in the debt [19] - A 50 basis point increase in interest rates by the Federal Reserve (FED) could lead to a 025% to 05% reduction in GDP growth, resulting in 500000 to 750000 fewer jobs [22][23] - A half-point increase on short-term debt could add a couple of hundred billion dollars to the debt over ten years [24] Monetary Policy & Federal Reserve - There is an argument that the Federal Reserve is at least 50 basis points above where it should be, suggesting a need for lower rates [22] - The bond market may perceive Jerome Powell as ineffective due to his actions [27] - The Federal Reserve (FED) chair should have taken action to address fiscal policy concerns, similar to William McChesney Martin's approach during the Vietnam War [31][32]
Brazilian President Lula Da Silva: Trump is misinformed
CNBC Television· 2025-07-11 16:09
All right, let's go back to Washington right now. Megan Cassella has a news alert on the latest on Trump tariffs. Megan, what do you have.Hey guys, so these are about the tariffs relating to Brazil. We are hearing just in the last few minutes from Brazil's president. That's President Lula.We're pulling these off the Reuters wire. He is speaking and says President Trump is misinformed. The US does not run a trade deficit with Brazil.He's correct about that. For something like 15 straight years, the US has ha ...
'Witch Hunt that should end IMMEDIATELY': Trump defends Brazil's Bolsonaro in tariff threat
MSNBC· 2025-07-10 20:59
Joining us now, NBC News business and data correspondent Brian Chung, managing editor of The Bull Work, and MSNBC contributor Sam Stein, and senior editor at The Atlantic, and host of Radio Atlantic, Hana Rosen. Brian, uh, first off, explain the trade relationship with Brazil. Yeah, so a lot of Americans might be tuning into the news of the Brazil tariffs and wondering, how is that going to impact the things that I buy at the store. Brazil exports a lot of major goods that we see at the grocery store on a d ...