President Trump signing a series of executive orders on tariffs hitting countries around the world with rates of up to 41%. They are set to kick in next week. Joining us right now is Michael Froman, former US Trade Representative, now Council on Foreign Relations President.Good morning to you. I think the question of the morning is effectively, is this real. Um, does it get pushed again.Is this a negotiating tactic. Of course, it's some kind of negotiating tactic, but uh does it have teeth. Well, Andrew, if ...

The president will start telling countries where they stand at midnight tonight. That's in about four hours. As for Canada, the White House is is already letting them know early, saying that they are getting hit with a 35% tariff hiked up from 25%.President Trump says meanwhile there is this lastminute scramble from other countries trying to get trade deals inked right before the deadline and saying he didn't do a lot of this during his first term because he was too busy with other stuff. We have made a few ...

Bitcoin Analysis - Bitcoin's hash rate is hitting all-time highs, indicating the network's strength and security [2][4] - The Bitcoin network's computational power surpasses the combined power of Microsoft Azure, Google Cloud, and Amazon's AWS [4] - Miners receive over $100 million per day in mining rewards, securing a network protecting over $2.3 trillion worth of value [5] - Bitcoin's price is holding steady around $118,000, showing strong demand and consolidation [9] Market Structure & ETF Impact - Bitcoin ETFs have significantly changed the market structure, leading to constant inflows and muted volatility [10][11] - Daily Bitcoin purchases exceed 600% of the daily incoming supply, driving price increases [14] - Bitcoin is up 80-90% over the last year and 25-30% year-to-date, with potential to reach $150,000 by year-end [15][16][17] Trade & Economic Impact - The US-EU trade deal includes a 15% tariff on European goods, hundreds of billions in US military equipment purchases, $750 billion in US energy purchases, and opened markets to US products [17] - The EU will print money to service trade deals, increasing global liquidity and benefiting American asset holders [29] - Tariffs with the EU could bring in $3 trillion of revenue for the United States over the next decade [29] - The US dollar is used in nearly 50% of global payments, the highest level in more than 12 years [32]

Our next guest will weigh on uh weigh in on the deal environment, the Fed and more. Joining us now, Mullis and Company, Vice Chairman, Eric Caner. He of course a former Congressman uh of Virginia, served as House Majority Leader.Uh you you're like a Renaissance man. I could ask you anything. I know that from uh DC to the halls of uh Wall Street.I'll talk I'll start let's start with deals. Andrew loves uh talking about deals whether they're happening or not. I in the guilded age, George Russell and it's like ...

Higher "reciprocal" tariffs are expected to go into effect this Friday. A few trade deals could still be struck with trading partners before then, and sector-specific tariffs are next on President Donald Trump's agenda. https://t.co/sXWiytYWf7 ...

Market Performance & Outlook - European equity market futures are uninspiring despite news and data releases [1] - Equities are expected to nudge slightly higher this week, surviving scheduled catalysts [2] - August is anticipated to be a volatile month with differentiation between countries [9] Key Economic Drivers - The Fed's path depends on tariffs' impact on consumer and economy, not dissent [4] - US earnings season has been relatively good, while Europe's is mixed, favoring US stocks [5] - US Q2 GDP data is crucial to compensate for a weak Q1 due to tariff front-loading [6] - Consumer spending remains strong, as indicated by retail sales and GDP data [5] Trade Deals & Global Impact - Trade deals with Brazil, Mexico, and Canada have deadlines coming on Friday [7] - Negative shocks are expected next week as countries without deals suffer competitive disadvantages [8] - The world is diversified, with winners and losers emerging over the next month [9] Currency Trends - The dollar is expected to continue to rally in the short term [10] - Longer term, dollar depreciation is still expected, but a reduced bounce is possible in the short term [10]

Nations and businesses need to remain prepared for challenging impacts from US tariffs after next month’s deadline for trade deals, as agreements struck so far are short on firm details or commitments https://t.co/81xnKRPpO3 ...

the response to the EU deal. The fact that you've got countries like France now coming out and saying, "Wait a minute, what did we actually get here?" It is the era of asymmetric deals. We've seen this with Japan.Now, Europe is the latest to sit back and question, you know, what what is it that we actually got here. What did the US concede um in this deal. Because it seems like we conceded a lot.Um, and you know, it it reminds me of when I was a teenager and I asked my parents for a nice car and your parent ...

US-China Trade Relations - The US expressed concerns about China's global overcapacity and purchases of sanctioned Iranian oil, which account for approximately 90% of Iran's oil sales [2] - The US also expressed concerns about China selling approximately $15 billion of dual-use technologies to Russia [2] - The US reiterated its trade policy goals of reducing US deficits, increasing manufacturing, and reshoring the economy [3] - The US aims to "derisk" rather than "decouple" from China, focusing on strategic industries like rare earths, semiconductors, and medicines [5] - Discussions included accelerating the flow of rare earth magnets from China to US companies [4] - China had previously blocked all of their rare earth magnets, but now the US is receiving them [17] Trade Imbalances and Tariffs - China's economy is described as the most unbalanced in modern times, with 30% of global manufacturing and a 2% current account surplus of global GDP [13] - The US is tracking an annual trade deficit with China, but it is expected to be at least $50 billion smaller this year [15] - Section 232 investigations on pharmaceuticals and semiconductors will be applied globally, without targeting any specific country [16] - Potential tariffs on countries buying sanctioned Russian oil could range from 0% to 500%, with the US Senate considering a bill to grant the president discretion to apply secondary tariffs [37] Potential Tariff Pause and Future Discussions - A potential pause on tariff increases is under discussion, with a possible duration of 90 days [9][42] - If the pause is not extended, tariffs could revert to a 34% level, potentially reaching 80-85% depending on the product [18][20] - Further technical discussions are ongoing between the US and Chinese teams [10] - A phone call between President Xi and President Trump occurred in June, during which President Xi invited President Trump to Beijing [22][23] US Economic Outlook - The US economy is performing well, with the biggest downturn in inflation in four years observed in May [33][34] - The US is expected to receive a minimum of $300 billion in tariff income this year, representing 1% of GDP [41]

I think the market really expected that what we would see here is an extension of that August 12th deadline. That was sort of a low bar for these talks. People thought if they can kick the can another 90 days and keep the truce in place that happened back in London, that's basically a win for Stockholm.Did you agree to kick that can down the road or is that pending President Trump's approval. >> Well, it's it's pending President Trump's approval. He has final say on all the trade deals.I spoke to him right ...