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Wolfe Research’s Marcus on U.S.-India tariff tensions: Trump and Modi will figure out a resolution
CNBC Television· 2025-08-05 19:07
deal with India, but says it's a little trickier with Europe and China. Joining us right now is Tobin Marcus, the head of policy and politics at Wolfe Research. And Tobin, I get it.When it comes to China, that's probably the most complicated deal. They're going to have to put together the second largest economy in the world. Also, somebody who were frenemies with partners on some ways, but really kind of pushing back in a lot of ways to Europe.I thought we were already reaching pretty close to what we thoug ...
USTR Greer Touts Tariffs, Says Swiss Trade Talks Challenging
Bloomberg Television· 2025-08-05 13:21
Trade Negotiations & Agreements - Deals with numerous countries are largely set, with paperwork to be finalized in the coming weeks or months [1][2] - Agreements are premised on countries opening their markets and fulfilling investment/purchase commitments [12] - The administration is focused on implementing reached deals and monitoring compliance, with potential tariff reinstatement for non-compliance [9][10][11][12] Trade Deficit & Tariffs - Tariff rates are largely determined by a country's trade deficit with the United States and their willingness to address it [3] - High tariffs are imposed on countries where a path forward on reducing the trade deficit and opening markets could not be fully resolved [5] - A 40% additional tariff will be imposed on sham transshipment, which has always been illegal [17] Country-Specific Trade Relations - The US has a nearly $40 billion trade deficit with Switzerland, and was unable to reach an agreement to reduce it [4] - Indonesia has made commitments on tariff levels and non-tariff barriers, including removing tariffs and addressing agricultural inspections and digital trade [10][11] Policy & Strategy - The administration is shifting from a 70-year policy based on purely efficiency to a new policy based on fair, balanced trade [19] - The president has the authority to regulate imports, and the administration is confident in its legal position regarding tariffs [25] - The administration is prepared to use whatever tools are necessary to rectify the trade deficit and change the global trading system [28]
X @Ash Crypto
Ash Crypto· 2025-08-05 12:28
Trade Relations - The market is closely monitoring the potential trade deal between the US and China [1] - The report indicates that a trade deal between the US and China is imminent [1]
X @The Economist
The Economist· 2025-08-05 11:00
To India’s dismay, America and Pakistan are now rebuilding ties with a focus on trade, counter-terrorism and consultation on Middle Eastern policy https://t.co/6CGAXaowaT ...
X @Bloomberg
Bloomberg· 2025-08-05 10:28
Trade Negotiations - Switzerland's President and Economy Minister to present a more attractive trade offer to the US [1] - The aim is to lower the 39% tariff on Swiss exports [1]
Mobius Sees Promise in Japan, India, Taiwan Markets
Bloomberg Television· 2025-08-04 16:23
Still keeping 95% in cash. Now it's about 50% in cash. Why is that, Mark.I mean, basically, I think the markets have been way too high for bargains to be found. I mean, it's all about valuations. If you look at the valuations of most of the companies, their very high expectations are high.Of course, you know, often you get situations when people are very cautious. That's the time when the market will go up and it's possible that will happen. But I would say cash is king right now and when there's a correcti ...
X @Bloomberg
Bloomberg· 2025-08-04 12:52
The Swiss government said it is determined to give the US better terms on trade after last week’s shock announcement of 39% tariffs on the country's exports https://t.co/91RKGWoaAf ...
‘Businesses need certainty’: Dem Rep says Trump is HURTING American businesses with tariffs
MSNBC· 2025-08-03 22:15
Growing concerns over the impacts of President Trump's new tariffs, particularly for states that border Canada and rely on open trade with our northern neighbor. On Friday, President Trump raised levies on Canadian imports to as high as 35% with a 25% on automobiles and 50% on steel and aluminum. Canada's Minister of US trade today saying he is hopeful that an agreement favorable to both countries can still be worked out.We think uh Miss Brennan that the economies of both countries are strengthened when we ...