On the streets of Rio. It's not hard to find electric vehicles from China. I've seen a lot of BYD cars on the streets and many electric cars because of the price.Everyone is getting on board. There are a lot of Chinese cars on the streets. Brazil is South America's largest auto market, and the country is quickly becoming the next frontier in China's EV expansion.In 2024, Brazil imported around 138,000 EVs and hybrids from China. That number is up nearly 100,000 from 2023. The momentum in South America mirro ...

And joining me now is Treasury Secretary Scott Bessant traveling with President Trump in Malaysia. Secretary Bessant, welcome back to Meet the Press. >> Kristen, good to be with you. >> Well, it is wonderful to have you. You are there uh meeting with your Chinese counterparts ahead of President Trump's planned meeting with President Xi of China. Mr.. Secretary, do you believe that China is ready to make a trade deal? >> Uh Kristen, I can tell you they are because we just finished two days of negotiations an ...

🇺🇸 TREASURY SECRETARY BESSENT: "U.S. and China likely to reach a deal to avoid new 100% tariffs." https://t.co/iwHLPuZa3J ...

Group 1 - The earnings season has started impressively, with strong performances from major banks and corporate America despite economic uncertainty and tariffs [1][2] - Three early themes have emerged: consumers are resilient against tariff-related cost increases, companies are facing profit pressures due to tariffs, and CFOs are managing earnings expectations effectively [3][2] - General Motors exceeded earnings estimates and raised guidance, citing a resilient consumer and stable auto loan defaults [4] Group 2 - Hasbro reported accelerated sales driven by demand for toys, leading to an increase in full-year sales forecasts [5] - T-Mobile's incoming CEO highlighted better-than-expected customer additions and raised profit guidance [6] - Hilton and AT&T also reported earnings beats and positive outlooks, reflecting consumer resilience [7]

US President Donald Trump has kicked off a three nation tour of Asia with a spotlight on a high stakes meeting with China's Shiin Ping. At the top of the agenda, a possible trade deal with China that could ease tensions between the world's two largest economies. >> I think we'll make a deal. I think we're going to make a deal on the rare earth is the least of it.Look, the tariffs are much more powerful. Trump has threatened to hike tariffs on China by 100% on November 1st if it doesn't roll back restriction ...

Core Points - Donald Trump announced a 10% increase in tariffs on Canadian imports due to an anti-tariff advertisement aired in Ontario, which he deemed a misrepresentation of facts [1][3][5] - The advertisement, which used Ronald Reagan's words, was criticized by Trump for its portrayal of US tariffs and was intended to influence an upcoming Supreme Court decision regarding presidential tariff powers [6][5] - Canadian exports to the US are significantly impacted, with over 75% of Canadian exports going to the US, and daily cross-border trade valued at approximately 3.6 billion Canadian dollars (2.7 billion US dollars) [8] Trade Relations - The trade relationship between the US and Canada is strained, with Canada being one of the largest trading partners of the US [7] - Current tariffs on Canadian products include a 35% rate on many goods, 50% on steel and aluminum, and a lower rate of 10% on energy products, while some goods are exempt under the US-Canada-Mexico Agreement [8] - Canadian Prime Minister Mark Carney has been attempting to negotiate lower tariffs with Trump, but the relationship has soured, and Trump has no plans to meet Carney at the ASEAN summit [10][7]

美国称与越南宣布达成互惠、公平、平衡贸易协议的框架。美国将维持对越南20%的关税，将确定产品及潜在关税调整方案，以使友好伙伴获得零关税的互惠待遇。将寻求在未来几周内达成协议。 https://t.co/EjDyVzEb3c ...

Correction: President Trump said he’s increasing US tariffs on Canada by 10% in response to an anti-tariff advertisement by the province of Ontario https://t.co/qPbXqslGOr ...

Core Points - The recent announcement of a 10% tariff on Canadian goods by President Trump was triggered by an Ontario ad campaign featuring Ronald Reagan, which Trump labeled as a "hostile act" [1][2] - The Canadian dollar experienced a slight depreciation against the U.S. dollar, but the overall market response was muted, with the S&P/TSX Composite Index showing resilience [3][4] - Specific sectors in Canada, particularly auto, steel, aluminum, and lumber, are more vulnerable to tariff impacts, with potential costs to American consumers estimated at $50 billion [5][6] Market Reactions - The Canadian dollar (CAD) saw a slight depreciation, with the USD/CAD exchange rate approaching 1.3980, reflecting a 50-pip spike post-announcement [3] - U.S. equity futures were mixed, but major indices like the Dow Jones Industrial Average and S&P 500 reached record highs on the same day as the tariff announcement, attributed to softer inflation data [4] - Analysts view the tariff announcement as typical political maneuvering rather than a serious threat to trade relationships, indicating a level of desensitization among investors [6][10] Sector-Specific Impacts - Industries with significant cross-border trade exposure, such as automotive and energy, are on high alert due to the potential for increased costs and market volatility [5][6] - The Canadian Chamber of Commerce emphasized that tariffs are ultimately a tax on American consumers and competitiveness [7] Broader Trade Context - The tariff announcement occurs amid ongoing trade tensions, including investigations into China's compliance with trade agreements and threats of new tariffs on Chinese goods [9] - The frequency and rhetoric of trade policy announcements have led to a market environment where investors are increasingly able to filter out noise and focus on other economic indicators [10][11]

So, I think you're going to see a crypto rally into the end of the year. And it's if you hold crypto, this affects you. There's three big pieces of news you need to know.It affects you if you hold crypto. Number one, huge piece of news. President Trump has just selected pro Bitcoin and crypto Michael Celig as the new CFTC chair.The next four years are going to be wild. And again, this is story one out of three. You need to watch today's whole video.Understand the three pieces of news the mainstream media is ...