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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Good to have you with us. I'm Joe Frier and I'm Savannah Sers. Thanks for starting your day with us.We are going to begin our show with President Trump's global trade tariffs which are now in place after they came into effect overnight. Almost every US trading partner is waking up this morning to tariffs of at least 10% with the average rate at more than 17% and that is the highest it's been since the Great Depression back in 1935. Brazil is among the countries facing the highest tariffs at 50%.That's the s ...

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 ...

LIVE NOW: Trump is breaking with more than a decade of US policy.Is Washington shifting from strategic partner to trade adversary?Join Bloomberg reporters for a Live Q&A on what this means. https://t.co/g2agr02Gqo https://t.co/YBY0APaB1Z ...

Trump is breaking with more than a decade of US policy.Is Washington shifting from strategic partner to trade adversary?Join Bloomberg reporters for a Live Q&A at 8:30a.m. ET/ 6p.m. IST on what this means. https://t.co/g2agr02Gqo https://t.co/FUKsR5EyrQ ...

Trump is breaking with more than a decade of US policy.Is Washington shifting from strategic partner to trade adversary?Join Bloomberg reporters for a Live Q&A at 8:30a.m. ET/ 6p.m. IST on what this means. https://t.co/g2agr02Gqo https://t.co/pppttb99Id ...

Weather & Environment - Extreme weather events are impacting tens of millions of people across the US, including floods, fires, and smoke [1] - Wildfires in central California are burning over 83,000 acres, threatening nearly 900 structures and causing evacuations [2] - Smoke from Canadian wildfires has triggered air quality alerts in at least 10 states across the Northeast and Midwest [3] - Canada has burned about 168 million acres of land, and is on track to have its second-worst wildfire season ever, with 756 active wildfires [7] - The US Southwest is experiencing above-normal temperatures, with Albuquerque running 11 degrees above normal at 100 degrees [10] - Parts of the Carolinas have seen more than 5 inches of rain, leading to flooded roadways and homes [5] Politics & Redistricting - Texas Governor is seeking court permission to remove a Democratic state representative, escalating the redistricting battle [15] - Texas House Democrats fled the state to delay Republican efforts to redraw the congressional map, potentially giving Republicans five more seats [16] - The President suggested the FBI could get involved to compel the Democratic lawmakers to return to Texas [18][21] - Democrats are considering a "fire with fire" approach, potentially redrawing lines in blue states to plus up potential seats [27] Legal & Justice - The House Oversight Committee is subpoenaing the Department of Justice for all records on the Epstein files [29] - Ghislaine Maxwell's lawyers are pushing back against the public release of grand jury transcripts, citing her constitutional rights [30][31] - Maxwell was moved to a minimum-security camp in Texas, which she was technically ineligible for, raising questions about a potential deal with the government [42][44] Trade & Tariffs - New tariffs are set to take effect, potentially increasing prices on groceries, clothing, coffee, cars, and energy costs [50][51] - A 20% effective tariff rate on Vietnam could impact the price of shoes and other items from that country [52] - A 50% tariff on Brazil could impact the cost of coffee beans [52] - The President threatened higher tariffs on pharmaceutical imports, potentially reaching 250%, to encourage domestic manufacturing [54][56]

Geopolitical Strategy - China views the US-China trade dispute as an opportunity to gain global support [1] - Beijing aims to counter the Trump administration's plans to monitor high-end chips [1] Technology Sector - The focus is on high-end chips and their tracking [1]

With less than 30 hours to go until his new global tariffs go into effect, President Trump warning he may raise tariffs still farther on key trade partner India, already facing a 25% import tax. >> That threat coming in a wide-ranging phone interview on CNBC. >> But I think I'm going to raise that very substantially over the next 24 hours because they're buying Russian oil.They're fueling the war machine. And if they're going to do that, uh, then I'm not going to be happy. Trump policy uncertainty now affec ...