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Hayes on tariffs: 'Beneath the monthslong roller coaster... Americans are paying higher prices'
MSNBC· 2025-07-31 14:38
Now, I follow and report on the news for a living, but I have to come clean and admit I have really lost the thread on Trump's tariffs. And a reason why it's been so hard to follow this story is because of the wild, sometimes daily or hourly back and forth we've gone through over the past four months. So, do you remember Liberation Day, right.The huge ridiculous disaster in the Rose Garden with the prop tariff boards and the numbers made zero sense at all. slapping a 10% tariff on the penguins living in the ...
US Copper Plunges After Trump’s Tariff Surprise
Bloomberg Television· 2025-07-31 14:27
Market Impact - US treated copper experienced a 22% plunge in two days following President Trump's announcement of 50% tariffs on copper imports [1] - Copper futures in New York decreased by more than 20% after the tariff announcement [3] - The copper market experienced volatility and surprises throughout the year [1] Tariff Details and Expectations - The market initially expected a 25% tariff on copper imports [2] - Trump mentioned a 50% tariff earlier in the month, but details were scarce [2] - The proclamation excluded refined copper, which is heavily traded internationally, surprising the market [3] - Uncertainty existed regarding product coverage and exemptions until the proclamation was released [2]
Ford CEO Jim Farley on Trump trade deals
CNBC Television· 2025-07-31 14:23
What are these trade deals that the Trump administration is doing going to do for Ford's EV competitiveness globally. And what if anything needs to happen in these uh negotiations the administration's in with China. >> Well, yes.I I think first of all, you know, the EU and the Japan trade agreement are pretty material for our for our industry. For a company like Ford who makes most of its products in the US, you know, that's a $5 $6,000 benefit. Um and so what we're working with the administration is the la ...
Anglo American #CEO on #tariffs: World should prepare for serious #inflation
Bloomberg Television· 2025-07-31 13:08
in terms of businesses like mining, you know, there's not a there's not necessarily a direct uh u um consequence of uh of these tariffs. Uh generally speaking, that would be uh but more fundamentally, I think the second order is that uh you know, around the world, I think we're going to experience some some very serious inflation over time, and that's going to affect a number of of the um the inputs to to production from a supply chain point of view. It's certainly going to impact finished good uh finished ...
X @Bloomberg
Bloomberg· 2025-07-31 12:46
Trade Policy & Legal Challenges - Trump's tariffs are facing a significant legal challenge in court [1] Industry Impact - The tariffs' impact on various industries is being closely monitored [1]
Treasury Secretary Scott Bessent: 'I believe we have the makings of a deal' with China
CNBC Television· 2025-07-31 12:10
All right, we're pleased uh to have joining us now uh for the latest on tariffs and trade on the eve of that August 1st uh trade uh deadline uh President Trump says Treasury Secretary Scott Bessant. Mr.. Secretary, always a pleasure to to see you and have you on the show. >> Morning, Joe. >> We heard yesterday uh after we saw the EU and and Japan, we heard actually that South Korea um just to to paraphrase, it might have been like, "What about us. we're here and um then before we know it, we hear from South ...
X @Bloomberg
Bloomberg· 2025-07-31 11:54
"I think we're going to experience some very serious inflation over time."Anglo American CEO Duncan Wanblad tells @KritiGuptaNews businesses will need to deal with rising costs and affected supply chains as a result of tariffs https://t.co/KeucuvZ9uy https://t.co/Q7pIV3GwtL ...
X @Bloomberg
Bloomberg· 2025-07-31 10:08
The bulk of President Donald Trump’s global tariffs face their biggest test yet when a US appeals court weighs arguments on their legality https://t.co/QVE7EVIa4H ...
X @Bloomberg
Bloomberg· 2025-07-31 09:00
If President Trump's sweeping global tariffs are deemed unlawful, he still has options to impose taxes on imports into the US. Here's what to know. https://t.co/Q7F1fv7MdF ...
X @BBC News (World)
BBC News (World)· 2025-07-31 05:27
Trump's tariffs could deal a blow to India's growth and exports https://t.co/Br6Pi6MYcn ...