Trade Policy & Economic Impact - The report highlights the administration's inconsistent tariff policies, including the imposition of tariffs on 90 countries, subsequent suspension, and failure to deliver on promised trade deals [1] - The report mentions the arbitrary nature of tariff rate calculations, based on "common sense, deficits, how we've been treated over the years and based on raw numbers," raising concerns about the rationale behind trade policy decisions [5] - The report suggests potential negative impacts of immigration enforcement policies on the economy, particularly concerning the agricultural sector and farm labor [11][13][14] Leadership & Decision-Making - The report questions the President's understanding of economic matters and his awareness of policy details, citing instances of contradictory statements and apparent lack of knowledge regarding executive orders [1][2][3] - The report raises concerns about the decision-making processes within the administration, particularly regarding military support to Ukraine, where the President claimed ignorance about who ordered the pause of weapon shipments [15][16][17][18][19] International Relations & Diplomacy - The report points out errors in letters sent to foreign leaders, such as misidentifying the leader of Bosnia and Herzegovina, indicating a lack of attention to detail in diplomatic communications [8] - The report highlights potentially insensitive remarks made by the President regarding the English proficiency of the Liberian President, suggesting a lack of cultural awareness [9][10]

Trade Policy & Tariffs - President Trump considering tariffs on goods from the Philippines (20%) and Iraq (30%) if trade deals are not reached by August 1st [1] - President Trump announced a 50% tariff on goods from Brazil [2] - The US administration claims to be taking in hundreds of billions of dollars due to tariffs [3] Impact on Businesses - Some American companies believe the president's tariffs have leveled the playing field [3] - Some companies are hiring more people in the US as a result of the tariffs [4] - Other businesses report devastating impacts due to uncertainty [4][5] - A packaging company in Pennsylvania finds it difficult to stop importing products from China due to the decline in domestic plants, machinery, and skilled labor [5] US - China Trade - Some American companies find it offensive that Chinese manufacturers are allegedly dumping products in the US at prices below the cost to manufacture them in the US [3] Political Landscape - White House Chief of Staff Susie Wilds described Elon Musk's departure as a "very troublesome ending" [6] - President Trump finds it ridiculous for Elon Musk to start a new political party [6]

Trade Negotiations & Tariff Landscape - The US administration initially promised numerous trade deals within a short timeframe, but has achieved limited results, indicating challenges in finalizing agreements [3] - The US is pursuing reciprocal tariffs, aiming to lower them upon reaching deals, but this approach doesn't cover potential sectoral tariffs on critical minerals, aerospace, semiconductors, or pharmaceuticals, complicating negotiations [6][7] - Many US trading partners express confusion regarding US demands, perceiving a lack of clear objectives and prioritization in negotiations [8][10][11] - Countries are diversifying trade relationships to reduce dependence on the US market, leading to increased free trade agreement activity among other nations [13][14] - The administration may become more flexible in trade negotiations if the US experiences economic fallout from tariff hikes [15] Potential Outcomes & Risks - If trade deals are not finalized by August 1st, tariff levels may increase, potentially forcing compliance or leading countries to seek alternative trading partners [4][12] - Sectoral tariffs, such as those on autos, copper, and potentially semiconductors and pharmaceuticals, are proving difficult to resolve and may hinder broader trade negotiations [5][7] - The US risks being excluded from the benefits of increased trade and economic integration among its partners as they pursue alternative arrangements [14]

Live from Washington, D. C. This is balance of power with Joe Matthew and Kaylee Lyons.President Trump says You've got mail. Welcome to the Wednesday edition of Balance of Power. As the White House kicks out another batch of tariff letters, this time to the likes of Libya, Iraq and the Philippines.I'm Joe Matthew alongside Kailey Leinz in Washington. Thanks for being with us here on Bloomberg TV and radio on what was supposed to be deadline day. Kelly it is the 9th of July.This is when the deals were suppos ...

Exclusive: President Trump decided to delay the implementation of his so-called reciprocal tariffs to Aug. 1 after advisers including Treasury Secretary Scott Bessent told him he could get trade deals with more time https://t.co/WMhSm1Msq2 ...

There's all there's also, Mr.. Secretary, more of a conversation now built around the European Union. Our own Sylvia Maro out in Europe was speaking to some of the top diplomats out there and she had made at least reference to this idea that they are saying progress is being made, that there's there's still a ways to go, but that there might actually be carveouts or certain concessions there as you work towards an overarching trade deal with the European Union. Can you take us through how you feel those neg ...

company's CEO, Kirk Tanner, is departing to take the top job at Hershey. >> Let's get to Washington this morning. Our Megan Cassella joins us with the latest on tariffs and what we might expect today and in the very important coming days Megan good morning.>> Hey good morning guys. So the president has now formally extended the deadline for all of those so-called reciprocal tariffs from July 9th tomorrow to the end of the month. So there's country specific tariffs that were supposed to take effect tomorrow ...

Trade deals, it turns out, take time. Donald Trump has had to extend the deadline for countries to reach agreements with America. But how serious is the new timeline? https://t.co/nDj8c5OkKx ...

President Trump is facing a pivotal time for reaching trade deals before new tariffs are scheduled to hit dozens of countries starting Wednesday https://t.co/CH7zJ8a6k6 ...

And a new deadline in Trump's tariff wars after his administration will not be likely to meet Wednesday's deadline to secure 90 deals in 90 days. The president has set July 9th, which is Wednesday, as the deadline for countries to have new trade deals or to negotiate trade deals with the US. But he's saying that if they don't reach that deadline by Wednesday, July 9th, then on August 1st, they're going to start having to pay new tariffs or these tariffs that he rolled out in April that he's now going to ess ...