Economists are combining modern tools and old ideas to make sense of today’s trade war. It is a good time to revive Albert Hirschman’s work https://t.co/R58JrV1znC ...

Bloomberg's David Gura is back with us now. So this 15% tariff rate, put that into perspective for us and what kind of impact we might see here at home. >> So we've seen the floor rise over the last few weeks.There was a lot of talk about being like a 10% floor for these tariffs. Then after Japan, it moved up to to 15. So again, it's significant because the baseline before this was so much lower, >> 1.2%.Right. >> Exactly. And so in the Europe's case, a little bit higher than that.But we've heard from compa ...

this all. If there's a will there's a way to some of these deals. It certainly plays a role here Megan.Thank you. For more on how the Chinese are thinking about trade negotiations, let's bring in Eunice Yun, live from Beijing. Hey, Eunice. Hey, Leslie.Well. >> China is reiterating the commerce minister's recent remarks that there is no reason to return to a trade war. The minister said practice has proven that through dialog and consultation, we can properly manage contradictions.So the Foreign Ministry rep ...

We've reached a deal. It's a uh good deal for everybody, I believe. And uh it's I think you were saying this is probably the biggest deal ever reached in any capacity, trade or beyond trade.>> It is a hole in one. More so perhaps for Donald Trump than for Ursula Vanderelion, the European Commission president, coming right here to Turnbury, one of Donald Trump's two golf courses in Scotland, his motherland, of course, to settle a US EU trade deal. 15% will be the rate that's charged on most EU goods.That of ...

Trade Agreement Overview - US and EU reach a trade agreement, averting a potential trade war [1][6] - The deal includes a 15% tariff on most European goods, including cars [1] - EU agrees to purchase $750 billion of American energy and invest $600 billion into the US [1] - Aircrafts, certain chemicals, and some pharmaceuticals are exempt from tariffs [2] - The 50% tariff on steel will remain unchanged [2] Tariff Rate Comparison - The 15% tariff is lower than the previously threatened 30% but higher than the EU's desired 10% [3][9] EU's Perspective - The EU expresses frustration as the deal may significantly impact European GDP [10] - The EU is actively pursuing trade agreements with the Indo-Pacific region, Latin America, Southeast Asia, and Africa [10] - These deals aim to reduce trade barriers and increase trade, potentially diverting growth from the US [11] Long-Term Implications - The agreement may lead to a rebalancing of global trade and alliances [13] - There are concerns that the agreement could set a precedent where the US prioritizes tariffs and trade over its relationship with Europe [8] - Increased tariffs may lead to higher prices for American consumers [14][17] - Companies have been absorbing costs, but this is unsustainable, suggesting prices will eventually rise [18][19]

Business leaders on both sides of the Atlantic breathed a sigh of relief that the U.S. and European Union had averted a bruising trade war with their agreement on tariffs and investment https://t.co/rWJ1OSiQBd ...

How Chinese manufacturers are countering Trump's trade war https://t.co/OYgvenHivm ...

Core Viewpoint - Apple is facing significant challenges in the Chinese smartphone market, which is critical for its revenue, and needs to find solutions to either regain market share or develop new revenue streams [1][4][18] Market Performance - Apple's market capitalization stands at $3.2 trillion, but the stock has declined by 14% in 2025, underperforming compared to the broader market [2] - The stock has shown a slight recovery with a 6% increase in the last month, but concerns remain about its declining market share in China [4] Market Share in China - Apple's market share in China has decreased from 21% in Q4 2023 to 15% in Q1 2025, while competitors Huawei and Xiaomi hold 19% each [7] - Sales in Greater China dropped by 2% year-over-year in Q2 2025, contrasting with growth in other regions [8] Revenue Breakdown - Total sales for Apple in Q2 2025 were $95.3 billion, a 5% increase from $90.7 billion in Q2 2024 [8] - The Services segment generated $26.64 billion in Q2 2025, up 11.6% from $23.86 billion in Q2 2024, highlighting its importance as a revenue source [12] Product Performance - iPhone sales reached $48.84 billion in Q2 2025, a 6.2% increase from the previous year, but the overall growth has stagnated since 2023 [13][9] - The lack of significant technological advancements in recent iPhone models has led to consumers holding onto their devices longer, impacting sales [14][15] Trade and Production Challenges - Apple is affected by the ongoing trade tensions between the U.S. and China, with potential tariffs threatening profit margins [16][17] - The company is in the process of relocating some production to Vietnam and India, but this transition is lengthy and does not fully mitigate tariff risks [16] Future Outlook - Investors should monitor the upcoming fiscal third-quarter earnings report on July 31, particularly focusing on sales trends in Greater China and their impact on overall revenue [18]

US-China talks to restart as hopes grow for trade war truce extension https://t.co/W8KqcdoEJ4 ...

[Music] Breaking news tonight, an apparent trade deal between the US and the European Union. The president announcing the agreement just days before his deadline after months of negotiations with Europe. I think it's great that we made a deal today instead of playing games.A trade war seemingly averted with the EU, but with 15% tariffs set to go in place. What could it mean for the price you pay. New video tonight of a dramatic confrontation.The suspect in a stabbing rampage at a Michigan Walmart, stopped i ...