Trade Policy & Tariffs - President Trump considering tariffs on goods from the Philippines (20%) and Iraq (30%) if trade deals are not reached by August 1st [1] - President Trump announced a 50% tariff on goods from Brazil [2] - The US administration claims to be taking in hundreds of billions of dollars due to tariffs [3] Impact on Businesses - Some American companies believe the president's tariffs have leveled the playing field [3] - Some companies are hiring more people in the US as a result of the tariffs [4] - Other businesses report devastating impacts due to uncertainty [4][5] - A packaging company in Pennsylvania finds it difficult to stop importing products from China due to the decline in domestic plants, machinery, and skilled labor [5] US - China Trade - Some American companies find it offensive that Chinese manufacturers are allegedly dumping products in the US at prices below the cost to manufacture them in the US [3] Political Landscape - White House Chief of Staff Susie Wilds described Elon Musk's departure as a "very troublesome ending" [6] - President Trump finds it ridiculous for Elon Musk to start a new political party [6]

Hey, good morning guys. So, the drip drip nature of these country bycountry tariff negotiations will continue today after the president posted overnight that at least seven more countries should get letters today laying out the new tariff rate that all of their exports to the US will face unless they strike a deal by August 1st. So, we have to wait to see what those are.But one trading partner that remains something of an open question is the European Union after Trump spoke with EU Commission President Urs ...

3 months after Donald Trump announced so-called reciprocal tariffs on nearly every country in the world threatening to dramatically raise tariff rates um if if negotiations weren't successful. He's come back with about two dozen letters that he's posted on social media in typical Trumpian fashion reiterating that he will essentially impose more or less the same rates that he established in April if negotiations aren't successful over the next couple of weeks. today offers a reprieve to Asian exporters becau ...

Trade Dynamics - China's share of US imports decreased to 7% in May, the lowest since 2001 [1] - This represents a decline from approximately 15% last year [1] - The downward trend began with the US-China trade war in 2018 [1] - China's share of US imports was over 21% before the trade war [1]

China's share of US imports fell to 7% in May, the lowest in more than two decades, after President Trump ramped up tariffs https://t.co/kFIPbLiqKK ...

The UK will limit the growth of tariff-free steel imports to guard against a rush of products being redirected from the US https://t.co/dz4NJkX3Tb ...