South Africa calls for greater cooperation among the G-20 advanced economies, as finance ministers and central bank governors gather under the cloud of Donald Trump’s trade war https://t.co/sBK7vdgBaY ...

Trade War Impact - Trump's trade war is putting pressure on stable trading relationships [1] - The trade war affects relationships with India and Asean [1]

Trade War Impact - Trade war is the wrong approach to addressing imbalances in the global economy [1] - Trade war will harm households [1] Economic Policy - Bank of England Governor Andrew Bailey comments on trade war [1]

Market Performance & Trends - Despite tariff threats, the Russian Ruble's value increased, and the Moscow stock exchange rose sharply [1] - Since the last US election, the S&P 500 has increased by 84% [2] - Seven stocks, representing about 35% of the market, have been driving the market's performance [3][4] - Without the "magnificent seven" stocks, the S&P 500 would only be up 33% [4] Individual Stock Performance - Tesla is up 26% since the election [5] - Meta is up 26%, driven by AI [5] - Amazon is up 13%, but down slightly since the inauguration due to tariffs [6] - Google is up 7%, but down since the inauguration due to competition in the search business from AI companies [7] Economic Impact of Tariffs & Policies - Economists are lowering their estimates of a recession; predictions are closer to 30% [9][10] - Tariffs have not had a significant effect on inflation, which is around 28% for core inflation and 4% including food and energy [13][14] - Interest rates have been relatively stable since the election, providing a tailwind to the market [16]

U.S. President Donald Trump announced plans to impose new 30% tariffs on Mexico and the European Union effective from Aug. 1, launching the latest salvo in his ongoing trade war. https://t.co/lhMaJeMX5U ...

Geopolitical Implications - Countries initially aiming to avoid involvement in the US-China trade war are feeling pressured to align with one side [1]

Market Sentiment - The market is largely on Donald Trump's side in the trade war [1] - Donald Trump is aware of the market's support [1]

Trade & Tariffs - The Trump administration is considering imposing a 35% tariff on goods from Canada [1] - The administration has published 23 letters and announced zero new trade deals [2] - Trump plans to impose blanket tariffs of 15% or 20% on all remaining countries [2] - A 10% unilateral tariff on all imported goods would be four times the average tariff today [3] - The tariffs are a tax, and American importers, businesses, and consumers pay almost all of that [3] - A 20% tariff rate on goods coming over the border will be higher than the inflation rate at its worst [12] - Republicans are standing by Trump's method to bring countries to the negotiating table [15] Russia & Ukraine - The US is resuming deliveries of some weapons to Ukraine [5] - Secretary of State Marco Rubio met with Russia's foreign minister and exchanged new ideas about how to end the war [5][6] - Russia launched a massive attack on Kyiv, with over 400 drones and missiles [6] - House Speaker Mike Johnson and Senate Majority Leader John Thun are prepared to move forward with new sanctions on Russia [7] - Trump will have a major statement on Russia come Monday [7] - Legislation from Senator Graham and Blumenthal has 80 senators already signed on to it [31] Birthright Citizenship - A judge blocked Trump's birthright citizenship order restricting it once again [33] - The ACLU created a class action lawsuit, and the judge certified this class [34] - The judge agreed that birthright citizenship is part of the constitution and is applying it across the country using this class action [35]

President Donald Trump threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with the country. https://t.co/cSxELDOPmx ...

Countries that had hoped to stay out of America’s trade war with China fear they are being forced to pick a side https://t.co/s7tOQbBN7K ...