The surprise US decision to raise its threatened tariff on Malaysia to 25% means trade will almost certainly dominate the interest rate decision on Wednesday https://t.co/SmQXgR1ELr ...

Good afternoon everyone. We saw the letters the president sent out on Japan and South Korea, but if any other major US trading partners are getting letters today. Sure.Yes, I can confirm. In fact, I have those letters. If you could get me the folder with the letters in them, Liz, they're right in the previous office.Um, I have the signed letters that went out to both South Korea and Japan today. Um and there will be approximately 12 other countries that will receive uh notifications and letters directly fro ...

We're continuing to get headlines, updates on everything related to trade as the U.S. does get toward that July 9th deadline that is set to be extended to August 1st for tariffs. Some headlines that we're just getting in the last few minutes, the U.S. will impose 25% tariff on imports from Kazakhstan, 40% tariffs on Laos imports. Malaysia will see 25% tariffs on Malaysian products, South Africa, 30% tariffs on their products.This comes after earlier this afternoon we heard from the president who said that t ...

Investment Rating - The report indicates a robust GDP growth forecast for Q2, with expectations of 5.0-5.2% YoY growth, despite anticipated headwinds in H2 [4][32]. Core Insights - The manufacturing sector shows signs of improvement, with NBS manufacturing PMI rising to 49.7 and Caixin PMI increasing to 50.4 in June, indicating a less negative growth momentum [7][10]. - Property sales continue to decline significantly, with 30-city property sales down 10% YoY in June, and top 100 developers' contract sales volume decreasing by 35% YoY [9][19]. - Retail sales growth is expected to moderate to 6% YoY in June, influenced by a low base and earlier promotional activities [23]. - Infrastructure investment growth is projected to cool to 6% YoY due to a high base effect, while overall fixed asset investment (FAI) growth is anticipated at 3% YoY [20][32]. Summary by Sections Economic Overview - Q2 GDP growth is expected to remain robust at 5.0-5.2% YoY, supported by front-loading of exports and earlier government stimulus [4][32]. - CPI is projected to edge up marginally to 0% YoY, while PPI remains in deep deflation at -3.3% YoY [3][29]. Manufacturing Sector - NBS manufacturing PMI increased by 0.2ppt to 49.7, with improvements in new orders and production indices [7][10]. - Caixin manufacturing PMI rose by 2.1ppt to 50.4, indicating stronger production and new orders [7][10]. Property Market - 30-city property sales declined further to -10% YoY in June, with significant drops in both tier 1 and tier 3 cities [9][19]. - The contract sales volume of the top 100 developers fell by 35% YoY in June, reflecting ongoing challenges in the property sector [9][19]. Retail and Consumer Trends - Retail sales growth is expected to moderate to 6% YoY in June, influenced by earlier promotional activities and a low base [23]. - Auto retail sales growth picked up to 24% YoY in June, driven by trade-in subsidies and a low base effect [38]. Investment and Infrastructure - Overall FAI growth is projected at 3% YoY in June, with infrastructure investment cooling to 6% YoY due to a high base [20][32]. - Manufacturing investment growth is expected to hold up at 7-8% YoY, supported by fiscal subsidies for equipment upgrading [20].

Trade Policy - Vietnam's Ministry of Trade imposes anti-dumping duties on hot-rolled steel from China, ranging from 23.10% to 27.83% [1] - The anti-dumping duties take effect on July 6, 2025, and are valid for 5 years [1]

Trade Policy - US to impose an additional 10% tariff on countries aligning with "the Anti-American policies of BRICS" [1] Geopolitical Implications - Increased uncertainty in US trade negotiations [1]

India’s first prime minister had a patrician distrust of commerce mixed with an intellectual love of scientific progress. Many years later, his views on trade are mirrored by Donald Trump’s America-first instincts https://t.co/U0ZaeaYGIEIllustration: Álvaro Bernis https://t.co/HQA10EJQMt ...

During summer months when oranges in Florida and California aren't in season, the United States imports most of its fruit from Southern hemisphere producers like Peru and from Groves, such as this one in South Africa. It's South Africa's biggest agricultural export. With citrus products destined for the US alone, accounting for 32 million in 2022.We are here in Citrusdal, a town in the Western Cape that's home to around 200 farms. It's also the only fruit producing region in South Africa with direct access ...

Instead of disciplining trade partners, tariffs have created a fragmented system that leaves everyone guessing. It is unclear what America gains from this https://t.co/OA07mUYcKE ...

The trade headlines overnight have caused that kind of volatility, haven't they. They've caused some concern in Asia about the levels that we are ultimately going to see on the trade front. Well, it was a it was a reasonably sizable reaction, but not a big reaction.Are we getting immune to the trade headlines. Is is that maybe what the take away from today should be. Yes, we're worried about it, but we're not as worried as we were on Liberation Day. We're not getting the kind of volatility as we did that.No ...