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'Extremely difficult': Trump, struggling to fulfill tariff promises, extends deadline again
MSNBC· 2025-07-09 04:13
>> ONCE AGAIN I'M. >> STEPHANIE RUHLE. IT IS A 170 OF THE SECOND TRUMP ADMINISTRATION.AND THE PRESIDENT WARNED. >> TODAY THAT THERE WOULD. BE NO EXTENSIONS FOR HIS NEW.>> AUGUST TARIFF DEADLINE. THAT MEANS KEY TRADING PARTNERS LIKE JAPAN, SOUTH KOREA AND MALAYSIA HAVE LESS THAN A MONTH TO BROKER BRAND NEW DEALS WITH THE U.S. OR FACE AT LEAST 25% TARIFFS. TRUMP ALSO THREATENED A NEW 50% TARIFF ON COPPER IMPORTS AND A 200% TARIFF ON PHARMACEUTICALS, BUT HE DID NOT SAY WHEN EITHER WOULD TAKE EFFECT.COMMERCE SE ...
Marco Rubio, Asean Ministers to Attend Summit Amid Tariff Threats
Bloomberg Television· 2025-07-09 03:58
[CC may contain inaccuracies] The ASEAN foreign ministers meeting is underway there in KL. Yeah, there's a show going on, live picture from the opening ceremony and of course the key topic everyone's been talking about is US Secretary of State Marco Rubio and China's Foreign Minister Wang Yi also set to attend. And Rubio's trip really comes as President Trump threatens new tariff rates on several countries in Asia unless deals are done by August 1st.Let's get to our correspondent Minmin Low. She is at the e ...
Trump Tariffs 'A Long Time Coming': Krach Institute CEO
Bloomberg Technology· 2025-07-08 20:08
The big picture we need to remind ourselves is what the ultimate goal is here. Yes, they might have to push back deadlines. The aim is to have fairer trade.Are we actually getting to that point. You're so right, Caroline. The big picture is really important here.So let's remember that tariffs are a tool that are a means to an end of a very big objective here, and that is for America to both design and physically build the technology infrastructure that is going to be the backbone of the free world in the ne ...
Bessent, Greer and I may meet with China on trade in early August: Howard Lutnick
CNBC Television· 2025-07-08 18:39
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 ...
Trump's new tariff rates, S&P targets raised, Tesla rebounds: Morning Brief
Yahoo Finance· 2025-07-08 17:09
Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures wavering a bit after selling off on Monday with trade front and center. Investor concern easing slightly today after President Trump delayed increased tariffs until August 1st. But he also sent a wave of letters again threatening key trading partners, mostly in Asia, with high tariff rates.Meanwhile, the European Union is seeking to close a preliminary ...
X @Bloomberg
Bloomberg· 2025-07-08 16:04
Tensions between the European Union and China are simmering ahead of a key summit, with the two economic giants scrapping over trade and security: Here's your Evening Briefing https://t.co/bVZPy36tgL ...
Trump: August 1st tariff deadline won't change and no extensions will be granted
CNBC Television· 2025-07-08 15:25
Trade Policy & Deadlines - The President has set a firm deadline of August 1st for country-specific tariffs to take effect, with no extensions granted [2] - This deadline is intended to be unchangeable, despite previous indications of flexibility [3][4] - Tariff rates could potentially fluctuate based on ongoing negotiations [4] Trade Negotiations & Partners - Trade negotiations involve multiple countries, including Japan, the EU, and India, with varying degrees of progress [7][8] - Japan and the EU are perceived as particularly tough negotiators [8] - Smaller deals with countries like Thailand, Malaysia, or Cambodia might be reached sooner [9] - The White House is prioritizing negotiations with the largest trading partners, which are also the most challenging [9] Cabinet Meeting Focus - The cabinet meeting will address the impact of the President's mega bill on each department [6] - Updates on trade negotiations are expected from the Treasury Secretary, Commerce Secretary, and the US Trade Representative [5]
X @The Wall Street Journal
President Trump’s latest salvo on trade gives U.S. allies three weeks to persuade Washington to relax tariffs that would be costly for their export-dependent economies https://t.co/jEg6YdFgwI ...
X @Bloomberg
Bloomberg· 2025-07-08 09:18
Countries across Asia are rushing to agree better trade terms with their US ally after US President Donald Trump shifted his tariff deadline to Aug. 1: Here is your Evening Briefing. https://t.co/F8ecu4Z85Z ...
X @Bloomberg
Bloomberg· 2025-07-08 09:12
The EU increasingly trades with autocrats and dictators, according to research published by the ECB https://t.co/KQdhlkPEmv ...