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Trump announces South Korea trade deal with $350B US investment hours before tariff deadline
New York Post· 2025-07-30 22:42
WASHINGTON — President Trump announced Wednesday evening that he had reached an agreement with South Korea that will include $350 billion in investment from Seoul and lock in a 15% tariff rate for the Asian nation. "I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea," Trump, 79, wrote on Truth Social. The Deal is that South Korea will give to the United States $350 Billion Dollars for Investments owned and controlled by the Unit ...
X @Cointelegraph
Cointelegraph· 2025-07-30 22:25
🇧🇷 NEW: The White House says President Trump has signed an executive order imposing an additional 40% tariff on imports from Brazil. https://t.co/aeyDpEtCyv ...
Fed chair Powell: Tariff induced inflation will take a long time to become clear
CNBC Television· 2025-07-30 19:16
Inflation & Tariffs Impact - Tariffs are generating inflation, evidenced in the June CPI report [1] - Approximately $30 billion per month in tariff revenue is being collected [3] - The impact of tariffs on consumer prices is starting to show, with companies intending to pass costs to consumers [3][4] - The process of tariffs impacting prices is slower than initially expected [5] Monetary Policy & Inflation Management - The Fed is cautiously "looking through" goods inflation by not raising rates, considering these as potentially one-time price effects [6][7] - The Fed aims to manage inflation efficiently, avoiding premature action that could necessitate future interventions or delayed action that could harm the labor market [8] - The Fed is committed to keeping inflation under control using its tools [7][9]
Trump ends de minimis exemption for global low-cost goods
CNBC Television· 2025-07-30 19:15
So, there's some counterprogramming going on here at the White House, it seems. A trio of fact sheets just being released, saying the president has signed some executive orders on trade, formalizing some moves, some of which he had threatened, some of which are new. The first is the president says he's going to be revoking entirely the dimminimous threshold for all packages coming in from abroad.It'll be taking effect at the end of August. Now, this is something that will affect companies like Sheen and Tam ...
White House: Trump suspends de minimis exemption for commercial shipments globally
CNBC Television· 2025-07-30 18:40
Hey, Brian. So, there's some counterprogramming going on here at the White House. It seems a trio of fact sheets just being released, saying the president has signed some executive orders on trade, formalizing some moves, some of which he had threatened, some of which are new.The first is the president says he's going to be revoking entirely the dimminimous threshold for all packages coming in from abroad. It'll be taking effect at the end of August. Now, this is something that will affect companies like Sh ...
EU Defends US Trade Deal in Face of Criticism
Bloomberg Television· 2025-07-30 18:37
It's looking doubtful by the minute. And I and I think this is fascinating here because last 48 hours in Europe have been one where Europe has actually shown a very rare show of unity, especially between France and Germany. The idea that they were really backing Ursula von der Leyen to make this deal.I thought the quote of the day from her was, This is the best offer we could get, the best deal we could get. And they basically settled from 15%. They came out swinging, wanting 040 and are now getting 15%.But ...
Trump announces 25% tariff on India, pending home sales fall, Oppenheimer boosts S&P target to 7,100
Yahoo Finance· 2025-07-30 17:49
Market Catalysts anchor Julie Hyman reports on the latest market movers for July 30, 2025. President Trump announced a 25% tariff rate for India, which could also face an extra import tax due to Russian oil purchases. This announcement comes after President Trump said the US and India are close to a deal on trade, and the president's trade deadline of August 1st is nearing. Pending home sales fell 0.8% in June from the previous month and 2.8% year-over-year. Julie spoke with the National Association of Real ...