Market Trends - The euro is facing its most significant weekly decline against the dollar in nearly three years [1] - Market concern is growing regarding the economic consequences of Europe's trade agreement with the US [1]

South Africa’s government is preparing a package to support companies vulnerable to US reciprocal tariffs as it continues talks with Washington on a new trade deal https://t.co/UhGoiV306c ...

Trade Policy & Tariffs - The Trump administration imposed new tariffs, some as high as 41%, on countries that haven't reached a trade deal, with these tariffs taking effect a week later [2] - Canada's tariff rate was raised from 25% to 35% [3] - The US has trade deals in place with the UK, Europe, Vietnam, and South Korea, but the tariff increases are significant compared to pre-Trump levels, and the details remain unclear [4] - A federal appeals court is questioning the legality of Trump's unilateral imposition of tariffs using emergency powers [5] - The imposition of tariffs is leading to a "permanent tariff curtain" around the US, potentially ending the era of global free trade led by the US [7] - Future tariffs with most trading partners are expected to be around 15% or higher [10] - Exemptions worth approximately $1 trillion have been granted, with an unclear process for obtaining them [20] Economic Impact & Market Reaction - Tariffs are considered a tax on the American public, with companies initially absorbing the costs before passing them on to consumers, leading to inflation [23] - The market's positive performance is largely driven by a few massive tech companies, while manufacturing companies are bearing the brunt of the tariffs [31] - Specific sectors are negatively impacted, with apparel and accessories stocks down 19%, household products down 7%, and pharmaceuticals down 6% [33] Geopolitical & Legal Considerations - Tariffs are being used not only to correct economic imbalances but also to achieve foreign policy goals, such as influencing Canada's position on Palestine [16] - The legality of using national security as justification for tariffs, especially in cases unrelated to genuine security threats, is under scrutiny [29] - Businesses face uncertainty regarding tariff rates, effective dates, affected goods, and the legal validity of the tariffs [30]

The European Union's trade deal with the US looks even worse now than when it was unveiled on Sunday, argues @LionelRALaurent (via @opinion) https://t.co/ctYguospQp ...

Trade Agreement & Investment - South Korea needed a trade deal with the US due to competition in industries like semiconductors, autos, steel, and aluminum, aligning with the arrangements secured by the EU and Japan [1] - South Korea has pledged approximately 350 billion USD in investment, with about 200 billion USD earmarked for semiconductors, batteries, nuclear energy, and biopharmaceuticals [2] - 150 billion USD of South Korea's investment is allocated to shipbuilding, a top priority for both the US and South Korea, aiming to narrow the gap with China [3] Geopolitical & Strategic Implications - The US maintains roughly 28,500 troops in South Korea, hosting its largest overseas military base, raising questions about the future role and size of the US presence [4] - South Korea, under President Lee, aims for a broader foreign policy, seeking improved relations with China and Russia, differing from the approach of his predecessor [5] - The US views China as the primary threat in the Indo-Pacific region, and South Korea's potential role in this competition remains uncertain [6] US-South Korea Relations - Newly elected South Korean President EJN is scheduled to visit the White House, with the trade deal being a key topic alongside lingering tensions [4] - South Korean officials used the slogan "Make American ship building great again" during negotiations with the US [3]

Trade Relations - US-India trade deal stalemate is not primarily about trade, but about power dynamics [1] - The situation is described as a "Trump-Modi staring match", suggesting a power struggle between the two leaders [1] Geopolitics - The article is part of the "IndiaEdition", indicating a focus on the relationship between the US and India [1]

The US and the EU have announced a trade deal. But what's actually in it, and what do they still need to iron out? https://t.co/Th3NvtQswE ...

Taiwan said its negotiators are drafting a joint statement with the US on their bilateral trade deal, appearing to make some long-awaited progress just a day ahead of Donald Trump’s tariff deadline https://t.co/P1ZHEVp4JD ...

The US sealed a trade deal with Pakistan as their officials wrapped up talks in Washington, agreeing to develop oil reserves https://t.co/Ut6jH2uPEx ...

South Korean equities advanced after the Asian nation clinched a trade deal with President Donald Trump that would impose a 15% tariff on its exports to the US https://t.co/5Xtk6bPb2g ...