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Trump announces U.S., South Korea trade deal, tariffs set at 15%
MSNBC· 2025-07-31 04:13
It is time for money, power, politics. We are obviously following major trade news tonight. The president announced a deal with South Korea, which of course is a key US trading partner with just two days to spare before the deadline. The deal officially sets the tariff rate on South Korean imports, which we pay for. They don't, at 15%. Also, as part of the deal, Commerce Secretary Howard Lutnik says, I'm going to slow this down. South Korea will provide $350 billion dollars for to to invest in the United St ...
Trump announces South Korea trade deal with $350B US investment hours before tariff deadline
New York Post· 2025-07-30 22:42
WASHINGTON — President Trump announced Wednesday evening that he had reached an agreement with South Korea that will include $350 billion in investment from Seoul and lock in a 15% tariff rate for the Asian nation. "I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea," Trump, 79, wrote on Truth Social. The Deal is that South Korea will give to the United States $350 Billion Dollars for Investments owned and controlled by the Unit ...
Economic officials discussed extending tariff pause with China
NBC News· 2025-07-29 20:00
Trade Negotiations - US and China concluded trade talks in Stockholm, with potential extension of tariff pause subject to President Trump's approval [1][3][4] - The current deadline marks higher tariff rates taking effect for most other countries [2] - Further technical discussions are ongoing, and President Trump will make the final decision on extending the pause [4] - A potential meeting between President Trump and President Xi could take place before the end of the year [7] Tariffs and Potential Outcomes - Failure to reach a deal could result in a 34% tariff on Chinese goods [6] - The US is seeking a lower tariff rate depending on China's offers [7]
Euro Trade Deal Panic May Be Overdone: 3-Minute MLIV
Bloomberg Television· 2025-07-29 10:20
We saw Europe weakness yesterday, a real feature once again today, down 2/10 of a percent on 1562 is where we train. I mean, this was a currency that had been at a three year high coming into this agreement. So what can we tell from this euro weakness.Right. Absolutely. I think the context is really important.It's seen as the biggest rally since the years since 2003. It's a really huge gain that we've seen in the euro. And look, that has been about dollar weakness.We've seen the same with the pounds as well ...
Jim Cramer on why the market put tariff deals on the back burner
CNBC Television· 2025-07-28 23:43
>> Thanks for watching. Fast money starts right now. >> Hey I'm Cramer, welcome to Mad Money. Welcome to Cramerica other my friends I'm just trying to make you a little money.My job is not just to entertain you but to educate and to teach you. So call me at one 800 703 CNBC or tweet me JimCramer. We've now got two trade deal wins on our hands.Last week's deal with Japan and this weekend's deal with the European Union. Despite the market's muted response Dow slipping 64 points S&P inching up 0.02% Nasdaq adv ...
55% tariffs on Chinese goods will hurt holiday shopping, says market researcher David Riedel
CNBC Television· 2025-07-28 22:06
Trade War & Tariffs - US imports from China face 55% tariffs, impacting consumer prices [2] - A 90-day tariff pause without reprieve won't be a victory for consumers [3] - Rising prices due to tariffs could pressure the US administration [4] China's Position & Negotiation - China possesses levers like rare earth elements to extract concessions [5] - Beijing's negotiating position is hardening due to perceived treatment of US allies [8] - China seeks a strict framework deal with prohibitions on negative comments from the US administration [8] - Both sides need a headline deal, but the Trump administration may not feel that way [7] Technology & Innovation - Forced technology transfer has been a long-standing concern for US tech companies [10] - Export bans on Nvidia chips may prompt China to innovate and take inventory [11] - China's advancements in homegrown chips are noteworthy [13] TikTok - Beijing doesn't seem to care about TikTok's role in negotiations [9] - TikTok's continued growth and popularity may not be a significant bargaining chip for the Trump administration [9][10]
We could go down the road of Trump's 2018 trade deal with China, warns AEI's Derek Scissors
CNBC Television· 2025-07-28 17:40
Our next guest says that when it comes to China, Trump's determination for good relations is actually creating risk and that higher tariffs on trading partners like the EU only makes China more competitive in the American market. Joining us now is Derek Scissors, Asia economist at the American Enterprise Institute. Derek, great to have you with us.Um, I'm going to start off right where where we left it off with Megan in terms of the backlash amongst member countries. Um, the perception that the deal with th ...
Fed expected to hold rates steady, US and EU reach a framework for a trade deal for 15% tariff rate
Yahoo Finance· 2025-07-28 15:10
Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures pushing higher this morning. That's after the US and European Union reached a trade deal. The EU will accept a 15% tariff on most of its exports to the US while reducing levies on some American products to zero.European Commission President Ursula Leander Lion hailed the agreement for the stability and predictability that it will offer businesses and c ...
Trump says he's 'very disappointed' in Putin, may shorten Russia ceasefire deadline
MSNBC· 2025-07-28 12:39
We got some breaking news now. That's President Trump appearing with UK Prime Minister Kier Starmer at Trump's golf course in Scotland taking some questions from the press talking about Gaza and other issues. Let's listen in.>> Said that you'll get down to the final 10 or 20. It turns out to be 20. I thought that would be the number.I said they're not going to be dealing with us. And you know many of the hostages are now dead. You know that.And parents come up to me. A a woman came up to me two weeks ago. S ...
U.S. trade rep defends Trump’s EU deal: 'Structural change' in America’s favor
MSNBC· 2025-07-28 12:16
And joining us now, United States Trade Representative Ambassador Jameson Greer, who's in Stockholm, Sweden this morning to meet with Chinese trade negotiators. Mr. . Ambassador, thank you so much for joining us this morning.We'll get to China, uh, in a moment, but first, uh, talk to us a little bit more about this trade deal with the EU uh, that President Trump announced yesterday. U, you he certainly viewed it as a win. Some in Europe view it as sort of a tough but fair deal.Give us some of the the basics ...