Trade Concerns & Impacts - President Trump's tariffs on Canadian imports, reaching up to 35%, particularly impact states bordering Canada and relying on open trade [1] - Tariffs are raising costs and weakening the supply chain, impacting companies, especially in Michigan [4] - The tariffs include 25% on automobiles and 50% on steel and aluminum [1] - Businesses need certainty, which has been lacking, hurting domestic auto manufacturers [12][13] US-Canada Trade Relationship - The trading relationship between Canada and the United States is deeply integrated, with both countries building things together [2][6] - Canada is a strong and loyal partner, but tariffs are turning them into enemies [13] - The USMCA still has serious problems, such as allowing China to build plants in Mexico and market vehicles as North American [14] Industry & Economic Effects - The auto industry is facing challenges due to the complexity of component parts coming from all over the world [10] - Some suppliers are in tight spots and may close due to the tariffs [8] - Ford Motor Company has gone public with the need for relief [8] - Some jobs have returned to Michigan plants, indicating a complicated issue [9] Potential Solutions & State Actions - Governor Whitmer is directing state offices to calculate and report the impact of tariffs on Michigan [4] - Michigan is seeking facts on consumer costs and supply chain impacts to develop common-sense trade policies [7][16][17] - Potential state-level policies could improve or reduce bureaucratic impact or tax laws [18]

Six charts show the damage to America, its trading partners and its consumers https://t.co/0bTNSduiDM ...

Market & Trade - Concerns arise about the trustworthiness of jobs data, especially with potential political influence [1][2] - Markets are seen as a crucial check on presidential actions, reacting to market movements [5] - Tariffs were perceived to be nearing conclusion, but recent events have introduced uncertainty [4] Economic Statistics & Federal Reserve - US economic statistics are vital for policymaking and maintaining confidence in the financial system [9][10] - The independence of the Federal Reserve is critical for the success and stability of US markets [7][8] - The process of compiling economic data involves multiple offices and steps, making manipulation difficult [11][12]

RT Bloomberg Opinion (@opinion)Is Trump’s threat to penalize India for trading with Russia just a bluff?@andymukherjee70 explains how Modi’s strongman image is now at-risk 📽️ https://t.co/w4Fo5uqOVq ...

Trade & Aid - The Trump administration promised Africa that trade would replace aid [1] - In one of the world's poorest countries, the administration is slashing both trade and aid [1]

For those who see trade as a zero-sum game in which deficits are for losers and exporters are winners, the EU got fleeced. The naysayers are misguided, however https://t.co/CqPfGXtjikPhoto: Getty Images https://t.co/J4npjX1dVD ...

>> IT’S 5:00 A. M. IN NEW YORKCITY.GOOD MORNING. I’M DANI BURGER WITH YOUR "BLOOMBERG BRIEF." HERE’S WHAT YOU NEED TO KNOW ON THIS FRIDAY. THE NEW TARIFF LIST UNVEILED.TARIFFS SET TO RISE TO THE HIGHEST LEVEL SINCE THE 1930’S. JOBS DAY IN AMERICA. TRADER AWAIT THE LATEST CLUE WHERE THE FED GOES FROM HERE.IPHONE SALES LEAD APPLE TO STRONG RESULTS BUT AMAZON UNDERWHELMS. WE ARE WEAKENING AS WE GO ON. S&P DOWN NEARLY 1%.NASDAQ 100. THAT UNDERPERFORMED WITH AMAZON, SOME DISAPPOINTMENT VALUE. WE ARE ON TRACK FOR ...

India expects US trade negotiators to visit the country later this month to continue talks on a bilateral deal, an official in New Delhi says, after President Donald Trump hit the South Asian nation with a 25% tariff https://t.co/3j7OcjhdeR ...

It's really been a wild morning and a mishmash of numbers, and some of them are pretty much in line with what we were expecting. So that 10% baseline, not a 15 as sort of has been bandied about the past few weeks, and then the highest rates being around 41%. Still, of course, a lot of questions about China, for example, some of the larger economies as well that are on sort of a different track.Then there's reciprocal levies. So that would be Canada, Mexico, as well as China. So we still don't have the final ...

Trump Order Pushes Tariffs Start Date To August 7—Rates Set For 67 Countries And EUhttps://t.co/YA5MgbsNne https://t.co/TRFVSraSbY ...