一位欧盟官员周二表示，欧盟商品在进入美国时面临的15%关税是全包式的，包含了最惠国税率，这与部分与美国有协定的其他国家不同。除了钢铁和铝之外，所有商品都适用15%的税率。药品和半导体目前的关税为零，但如果未来因美国根据232条款调查而调高关税，其税率也不会超过15%。这项15%的上限同样适用于汽车及汽车零组件，且这类商品没有配额或限制。 ...

India's priority should be to avoid a penal US tariff, not escalate the war of words with Trump, writes @andymukherjee70 (via @opinion) https://t.co/qDnruOFIFD ...

Trade Policy & International Relations - The US president is increasing tariff pressure on India, a key trading partner, due to their purchases of Russian oil, accusing them of profiteering and funding Russia's war in Ukraine [1] - India criticized the tariff escalation as unjustified, highlighting previous US support for their plan to keep oil flowing globally at a price that would reduce Russia's revenue [2] - The president is demanding investment pledges from various countries and threatening trade partners with high tariffs if they don't provide the money [7] - The imposition of tariffs is viewed as a tax primarily borne by US importers [8][11] Economic Impact & Market Concerns - The president's actions towards India and Brazil suggest a pattern of constant uncertainty and threats regarding trade [12] - Concerns exist that reliance on tariff revenue could create a cycle of dependence [11] - Tariffs are expected to increase prices for consumers on everyday goods like shoes, coffee, and bananas [14] - The uncertainty caused by these trade policies is considered harmful to the economy [13] Alternative Strategies & Policy Debate - A previous strategy involved allowing countries like India to buy Russian oil at a capped price to maintain global oil supply while reducing Russia's revenue [6] - Questions are raised about whether the current administration has a better plan to hurt Russia without raising gas prices globally [7] - The current approach is seen by some as deviating from the principles of open markets and independent central banking that have historically supported the American economy [9][10]

Trump Will Raise India’s Tariff Rate ‘Substantially’ Over Russian Oil Purchases—Here’s Why India Might Not Budge https://t.co/nlLzChZfML https://t.co/nlLzChZfML ...

Trump Will Raise India’s Tariff Rate ‘Substantially’ Over Russian Oil Purchases—Here’s Why India Might Not Budge https://t.co/TwA7YU7kyh ...

President Trump expressing some frustration with the country of India on Truth Social, his social media site. Uh just within the past couple of minutes, officials here saying this uh post reflects uh the president's frustration with his inability to get a trade deal with India. The president posting India is not only buying massive amounts of Russian oil.They are then for much of the oil purchased, selling it on the open market for big profits. They don't care how many people in Ukraine are being killed by ...

Trump will raise India's tariff rate over the country’s purchases of Russian oil, following up on a previous threat he made in July as India has indicated it will continue purchasing discounted oil from Russia. (Photo: Anna Moneymaker via Getty Images)https://t.co/1c9iEITqpu https://t.co/DRtJ1Q0s1D ...

Financial Markets Overview - The Dow is up 12% [1] - The S&P is up almost 14% [1] - NASDAQ is surging 18% [1] - The Bloomberg MAG Seven Index is up 19% [1] - Spot gold is up eight dollars the ounce, 3371% [1] - West Texas Intermediate crude is down 15% to 6629% [1] US Economic Policy & BLS - President Trump intends to announce a new Fed Governor and BLS Commissioner soon [1] - The President alleges the Bureau of Labor Statistics (BLS) data was rigged, but no evidence has been provided [1][2] - The former BLS chief is out, and the President will nominate a replacement [1] - Congress has been starving the statistical agencies of cash for years [2] - The response rate for the first May survey, which was revised downward significantly by the third one in July, was 42%, The final number was 89% response rate [2] Federal Reserve Board - Adriana Googler's departure creates an opportunity to nominate a new Fed Governor [1] - Jay Powell could stay on as governor until 2028, even if his term as chair is over in 2026 [2] - The market would assume that whoever is chosen would be that [2] International Trade & Tariffs - President Trump said he would hike India's tariff rate for buying Russian oil [1] - India responded, saying the targeting of the country is unjustified and unreasonable and will take necessary measures to safeguard its interests [1] - The PURL is a financing mechanism worth about 500 million euros, 570 $8 million [10] US-NATO-Ukraine - The U S would be providing more weaponry to Ukraine, but that distribution would be handled by NATO, and that NATO countries would pay for it [8] - The announcement of 570 $8 million worth of American weapons, munitions going to the Netherlands and then provided to the Ukraine is a big step forward [11]

Robert Frank has the details on this. So, dish, Robert, what is it. >> Well, Becky, it's the Swiss watch industry.They were in a panic over the weekend. That's because the US is by far their largest market in the world, totaling over $5 billion in sales last year. A 39% tariff that would be scheduled to take effect Thursday.That would virtually shut down sales. An analyst at Vontovo saying, quote, "It would be devastating for numerous brands in Switzerland." Now those brands are more dependent than ever on ...

Trade Relations - US may raise India's tariff rate 'substantially' due to Russian oil purchases [1] Geopolitics - India might not change its stance on Russian oil despite potential tariff increases [1]