The reason for America’s tariff rate of 50% on Brazil is not economic. It is the clearest case yet of Donald Trump using trade as a cudgel to interfere in another country’s affairs https://t.co/k3ehITfwGm ...

And we're going to stick with trade right now, not just what's going on with India, but also what's going on with gold. And specifically, this really points to Switzerland. Gold futures in New York this morning surging to a record high after sources telling us at Bloomberg that Swiss gold bars are unexpectedly facing U.S. tariffs.Bloomberg's Oliver Crook joins us now. Oliver, what's going on. These tariffs going to stick.Yeah. I mean, if the Swiss needed any more bad news, which I don't think they really di ...

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President Donald Trump has double leveies on India to 50% to punish it for buying Russian oil. But unlike India, China, the biggest purchaser of energy from Russia, has been able to escape harsh secondary sanctions so far. It all comes down to the leverage China has and India does it.For one, Beijing dominates production of rare earth magnets which are used in everything from EVs to missiles. The threat of China slowing the pace of exports of critical minerals to a trickle like it did early in the year may ...

Tariffs and Trade Relations - The US imposed new tariffs, raising import taxes to the highest level since the Great Depression [1] - Japan claims the US overcharged tariffs and promised to refund overcharged companies [1] - Switzerland held an emergency meeting due to high tariff rates after unsuccessful negotiations with the US [1] - India and Brazil discussed boosting bilateral trade in response to the new US tariffs [1] - Some countries are deepening non-US trade relationships as a solution to over-reliance on the US market [1] - The EU and the UK are cutting deals aggressively in response to the tariffs [1] Economic Data and Presidential Approval - An economist at the Heritage Foundation found that the Bureau of Labor Statistics (BLS) overestimated job creation by 15 million (15%) jobs during the Biden administration [1] - The average median household income adjusted for inflation increased by $1,174 in the first five months of the current administration [1] - A CNBC survey indicates that 51% of respondents disapprove of the job the president is doing, while 45% approve of his handling of the economy [1] Federal Reserve and Economic Policy - The administration is considering Steven Miran for a position at the Federal Reserve, who advocates for a weaker dollar and stronger trade controls [3] Corporate Intervention - The president called for the CEO of Intel to resign over alleged ties to China, causing Intel's shares to fall by 3% [4][5] - The intervention in Intel's affairs is seen as disturbing and creating uncertainty for executives [10][11]

Donald Trump’s tariff vendetta against India marks an ugly end to his bromance with Narendra Modi. Now even India’s few reliably pro-American voices are losing faith https://t.co/Y7i86RFmX2Photo: Getty Images https://t.co/qlfyk0xgJu ...

The US confirmed it would end stacking of universal tariffs on Japan and cut car levies as promised, Tokyo’s top trade negotiator said after a meeting with his counterparts in Washington https://t.co/4XhoMgTuOQ ...

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Global Trade Tariffs - US trading partners face tariffs averaging over 17%, the highest since 1935 [1] - Brazil faces tariffs as high as 50% [1][5] - India may face tariffs of 50% due to Russian oil purchases [2][13] - Tariffs could increase prices on everyday goods, with consumer impact felt within months if tariffs persist [2][5] - Potential price increases include coffee, orange juice, bananas, seafood, chocolate, and large appliances [8][9] - President threatens 100% tariffs on semiconductors if companies don't build them in America [12] - Markets expected the tariffs, so no crazy movement has been observed [17] US Domestic Issues - Planned meeting of administration officials regarding Jeffrey Epstein files did not occur [18][19][20][21] - Texas Democrats fled the state to stall Republican redistricting plans, leading to a bomb threat at their hotel [27][28][29][30] - An active duty US Army sergeant opened fire at Fort Stewart, wounding five soldiers [33][34][35] - United Airlines experienced a technical issue grounding flights, causing delays and cancellations [44][45] Extreme Weather Impact - Extreme weather impacted most parts of the US, including floods in the South and wildfires in the West [46][47] - Wildfires in Canada and the western US caused air quality alerts in over a dozen states [47][48][53] - Phoenix expected to reach a record 116°F [50][57] - Heat alerts are in effect for 37 million people across the plains and southwest [56]

As of midnight this morning, President Trump's tariffs on dozens of America's trading partners are in effect right now. A variety of products will be hit. From European appliances to Japanese cars to toys from China and TVs from South Korea.The overall average effective tariff rate is now more than 17% which is the highest level in nearly a century. Meanwhile, Trump announced yesterday he will double tariffs on India to 50% due to the country's purchases of Russian oil. That is set to go into effect later t ...