Trade Policy - The US Supreme Court is requested to uphold President Trump's global tariffs [1] - The case could affect trillions of dollars in trade [1] - The outcome could grant President Trump broad new leverage over the world economy [1]

Joining me now, Mark Short. He's the former chief of staff to Vice President Mike Pence, also a CNBC contributor. It's good to see you.Welcome. It's nice timing to have you. Thanks, Scott.Good to be here. I mean, you you've been pretty critical uh even publicly of of these tariffs. What' you make of the court ruling.Well, I think the court ruling Friday night was a good win for taxpayers. I think that everyone knows that in article 1, section 8 of the constitution that it the our founders clearly designed t ...

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President Trump’s tariff war is accelerating Beijing’s trade and investment push into developing nations known as the Global South, according to research by S&P Global https://t.co/UZV4jeNa9F ...

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Fed Nominee & Policy - The market and Federal Reserve system are likely to welcome all candidates for the Fed position [6] - Diversity of opinions is important at the Fed, and the potential nominees could bring a fresh look at policy [8] - By May of next year, the Fed board is likely to shift, with potentially four Trump appointees becoming the dominant force [13] Economic & Political Strategy - The administration will assess potential nominees based on their performance, statements, and reactions to the economy and data [2] - The nomination process is expected to intensify in the fall and conclude around January [3] - The president may be using the temporary nomination to gain leverage over the nominee [1] - The president's tariff strategy was a tactic to destabilize opponents and negotiate a more beneficial outcome [10][11]

Tariff Policy & Economic Impact - The market has largely priced in the volatility stemming from current tariff policies [2] - Uncertainty surrounding tariff policies persists, hindering clarity for US companies and consumers [3] - Tariffs can be effective when their purpose and cost-benefit analysis are clear [3] - The Trump administration is employing tariffs in novel ways, the economic consequences of which remain uncertain [4][5] - A Yale University study suggests that existing tariffs could cost the average American family an additional $2,500 per year [8] Trade Negotiations & Agreements - The threat of high tariffs has prompted key trading partners like the EU, Japan, and Korea to engage in negotiations [10] - Agreements reached are currently frameworks, lacking specific details and enforcement mechanisms [11][12] - It remains uncertain whether these trade actions will lead to positive global trade outcomes [13] - The administration's dual aim of using tariffs as a negotiating tool and revenue source presents a challenge [14] Geopolitical Considerations - The president is using secondary tariffs, initially on India, to pressure Russia to end the war, but China is the largest consumer of Russian oil [18][19]

Employment Market & Economic Data - July新增就业岗位仅73,000个，远低于预期，且5月和6月的就业报告也被大幅下调，总计减少了258,000个就业岗位[2][3] - 过去三个月的平均新增就业岗位为35,000个，远低于维持人口增长所需的150,000个[3] - GDP第二季度增长率为3%，但主要是由于进口大幅下降，而非经济繁荣的迹象[13][14][15] Trade & Tariffs - 美国与欧盟、印度尼西亚、日本、巴基斯坦、菲律宾、韩国、英国和越南达成了贸易协议，但远未达到声称的200个[8][9] - 对巴西的关税提高到50%，理由是对前总统的政治迫害[11][12] - 对加拿大商品的关税从25%提高到35%，不包括在美墨加贸易协定中的商品[12][13] International Relations - 加拿大和墨西哥正在制定一项价值1200亿美元的“北部走廊协议”，以促进两国之间的贸易，不涉及美国[16] - 美国与加拿大之间的关系因关税和贸易政策而受到损害，需要重建信任[23][24][25][26][27]

Trade Policy & Tariffs - The US is transforming the global trading system by implementing new tariff policies that affect trade with every country and for every product [2] - The president aims for tariffs to land between 10% and 25% for most importers, with Southeast Asia around 20%, major trading partners around 15%, and some outliers reaching 30% to 40% [3][4] - The US has eliminated tariff-free treatment (diminimous) for shipments under $800 from all countries, impacting small and medium-sized enterprises [8][9][10] Regional Trade Dynamics - Trading partners are splitting into regional blocks by geography and economy size, aligning with the administration's expected outcome [6] - Some major trading partners, including the European Union, Japan, and South Korea, have agreed to the new trade terms [11] - Switzerland has a tariff rate of 39%, significantly higher than the 15% for Liechtenstein, Iceland, and the European Union, suggesting a potential adjustment [6] US Trade Strategy - The president's actions aim to rebalance trade relationships, addressing the perception that trade benefits other countries more than the US [11][12] - The administration believes these changes will provide importers and investors with more certainty regarding the president's trade direction [3]

Trade & Geopolitics - The US is extending punitive tariff threats beyond trade into areas like war and energy supplies [1] - The US is increasing pressure on countries to comply with its demands on various issues [1]