The European Union is taking steps to hit back against U.S. companies if a trade deal can’t be reached by President Trump’s Aug. 1 deadline https://t.co/wAZLnygi91 ...

US-China Trade Negotiations - The US administration showed a softening tone regarding trade negotiations with China [2] - There were signs that the US President aimed for a summit with the Chinese leader by the end of the year [3] - Easing export restrictions on Nvidia's chip exports to China was a positive sign for the Chinese government [3][4] - Further softening of export controls on Nvidia chips is possible [4] Potential Escalation Factors - An employee of Wells Fargo was stopped from exiting China, leading the company to advise employees against traveling to China [5][6] - China accused foreign agents of smuggling rare earths out of the country [7]

Pharmaceuticals will be tariff probably at the end of the month, and we're going to start off with a low tariff and give the pharmaceutical companies a year or so to build. And then we're going to make it a very high tariff. For more, let's bring in senior editor Bill Faries.Let's just start with those comments out of President Trump suggesting that tariffs could be coming for both pharmaceuticals and potentially for chip makers as well. Bill, what more do we know. Yeah.So the timeline is is really new here ...

stock market, Mr. . Secretary, keeps going up. It feels like the market's not believing that the the worst of the tariffs is going to happen.Something again you and I talked about in Phoenix and you've talked about on CNBC with others before. Is the market getting it right. Because a lot of investors are watching the market go up up.President Trump is smashing down the barriers that have held American business back. For 80 years, tariffs were on America. So when we tried to sell elsewhere, there were tariff ...

Our next guest will weigh in on the latest uh with US tariffs, the budget bill, uh and more. Joining us now, House Ways and Means Chairman Jason Smith. Uh Mr.. Chairman, it's good to see you. Thanks for uh for joining us as always. Always good to be with you, Joe.We we also said we'd talk about the the latest from from Nvidia and and um in the White House and the recent meeting, I guess, with uh with Jensen Wong. I want to start though, uh Mr. . Chairman, we just had Mike Wilson on, pretty well thought of u ...

The EU is readying a fresh list of American products—including aircraft and alcoholic beverages—to hit with retaliatory tariffs if a trade deal isn’t reached by Trump’s Aug. 1 deadline https://t.co/DKjQeirATw ...

Trade Relations & Economic Impact - Vietnam's economy is heavily reliant on exports, representing approximately 90% of its GDP [4][8] - The US is Vietnam's largest export market, leading to a significant trade surplus and making it a target for potential tariffs [1] - Potential tariffs from the US, such as a proposed 46% tariff, could profoundly impact Vietnam's economy and manufacturing sector [2][10] - Vietnam experienced substantial foreign investment, exceeding $600 billion since 1988, contributing to export growth [7] Geopolitical Strategy & Manufacturing - Vietnam has become a major player in the global supply chain, manufacturing goods for various American companies and global brands [3][4] - The "China Plus One" strategy led companies to relocate some production to Vietnam to avoid tariffs on Chinese goods, benefiting Vietnam during US-China trade tensions [8][9] - Vietnam employs a "bamboo diplomacy" strategy to navigate complex relationships between the US and China, balancing economic and geopolitical considerations [15][16] - Vietnam's government is proactively engaging with the US to mitigate trade imbalances, including purchasing US products [12] Historical Context & Economic Development - Post-war Vietnam was one of the world's poorest countries, but economic reforms and policies to attract foreign investment have driven significant growth [5][6] - Vietnam's strategy of offering tax incentives, infrastructure development, and an open attitude to global manufacturers has been successful in attracting foreign investment [6]

President Trump sent letters to more countries yesterday threatening higher tariffs if they don't reach a trade deal with the US by August 1st. Of the eight countries who received letters, only Brazil is a major American trading partner, ranking 10th overall. It faces a possible tariff of 50% next month.The higher taxes are because of the trial for its former president Yaier Jaire Bolsinaro. He is a Trump ally who is accused of trying to overturn his 2022 election loss. In the letter announcing Brazil's tar ...

Trade Policy & Tariffs - The current US effective tariff rate stands at 15%, increasing to 17% after recent trade agreements, significantly higher than the pre-administration level of 2% or less [9] - The imposition of tariffs is viewed as taxes on American businesses and consumers, ultimately leading to higher prices and reduced spending [14][17] - The US trade policy is causing a reshaping of global supply chains, trade relationships, and geopolitical dynamics [11] - There is concern that the US President's approach to trade deals lacks binding commitment and can be unilaterally altered, making it difficult for other countries to offer meaningful concessions [6][7] Economic Impact - The tariffs are expected to negatively impact economic growth and employment in the latter half of the year [17][18] - Consumers are starting to feel the impact of tariffs through increased costs, as exemplified by unexpected tariff charges on imported goods [15][16] Federal Reserve & Monetary Policy - The US President is expected to exert pressure on the Federal Reserve to lower interest rates, potentially compromising the Fed's independence and its broader economic objectives [21][22]

President Donald Trump’s threat to impose new tariffs on India over its participation in the BRICS forum puts New Delhi in a tough position as it races to finalize a favorable trade deal with the US https://t.co/gFzVozuv09 ...