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X @Bloomberg
Bloomberg· 2025-07-31 20:33
If you’re feeling a bit confused about which countries and what goods will be hit by President Donald Trump’s tariffs, consider the importers that will be on the hook for the bill https://t.co/dl664K3Bmf ...
Trump's tariffs are likely illegal, says Piper Sandler's Andy Laperriere
CNBC Television· 2025-07-31 19:39
Trade Policy & Legal Challenges - A federal appeals court is hearing arguments about whether President Trump overstepped his authority to impose tariffs, potentially rendering trade deals illegal [1] - Piper Sandler suggests the administration is struggling to justify the tariffs, arguing the President is claiming national emergency powers without statutory authority [2][3] - The legality of tariffs is questioned, citing Article 1, Section 8 of the Constitution, which grants Congress the authority to impose tariffs [4][5] - The case is likely headed to the Supreme Court, with potential rulings in the coming months and a decision possibly by June [6][7] - There is a possibility that the Supreme Court may strike down the tariffs, with originalist and liberal judges potentially aligning against broad presidential authority [7][8][9] Market Impact & Investor Sentiment - The market's reaction to a potential overturning of trade deals is uncertain, with investors seemingly unconcerned about the tariffs [10][11] - The market consensus appears to be that the worst of the tariffs is over, but this view is challenged as deals are raising, not lowering, tariffs [11][12][13]
X @The Wall Street Journal
Tariffs Impact - The U S is collecting skyrocketing tariffs on imports [1] - Companies indicate that consumers will bear some of the burden of these tariffs [1] Business & Consumer Effects - The report will detail how tariffs are affecting businesses and consumers, focusing on the largest categories subject to new levies [1]
Jamie Dimon shifts tone on tariffs: 'So far, so good'
CNBC Television· 2025-07-31 18:15
First of all, there are a lot of forces forces at work in the economy and you know tariffs are one of them. You know the remilitarization of the world, the e the de fiscal deficits, you know the the uh demographics uh all those things are going to drive various things and yeah they may drive slightly higher inflation. What you really want is more growth.You know that is far more important than whether inflation ticks up or down a little bit. So and then tariffs themselves you know they've been greatly moder ...
Hayes on tariffs: 'Beneath the monthslong roller coaster... Americans are paying higher prices'
MSNBC· 2025-07-31 14:38
Now, I follow and report on the news for a living, but I have to come clean and admit I have really lost the thread on Trump's tariffs. And a reason why it's been so hard to follow this story is because of the wild, sometimes daily or hourly back and forth we've gone through over the past four months. So, do you remember Liberation Day, right.The huge ridiculous disaster in the Rose Garden with the prop tariff boards and the numbers made zero sense at all. slapping a 10% tariff on the penguins living in the ...
US Copper Plunges After Trump’s Tariff Surprise
Bloomberg Television· 2025-07-31 14:27
Market Impact - US treated copper experienced a 22% plunge in two days following President Trump's announcement of 50% tariffs on copper imports [1] - Copper futures in New York decreased by more than 20% after the tariff announcement [3] - The copper market experienced volatility and surprises throughout the year [1] Tariff Details and Expectations - The market initially expected a 25% tariff on copper imports [2] - Trump mentioned a 50% tariff earlier in the month, but details were scarce [2] - The proclamation excluded refined copper, which is heavily traded internationally, surprising the market [3] - Uncertainty existed regarding product coverage and exemptions until the proclamation was released [2]
Ford CEO Jim Farley on Trump trade deals
CNBC Television· 2025-07-31 14:23
What are these trade deals that the Trump administration is doing going to do for Ford's EV competitiveness globally. And what if anything needs to happen in these uh negotiations the administration's in with China. >> Well, yes.I I think first of all, you know, the EU and the Japan trade agreement are pretty material for our for our industry. For a company like Ford who makes most of its products in the US, you know, that's a $5 $6,000 benefit. Um and so what we're working with the administration is the la ...
Anglo American #CEO on #tariffs: World should prepare for serious #inflation
Bloomberg Television· 2025-07-31 13:08
in terms of businesses like mining, you know, there's not a there's not necessarily a direct uh u um consequence of uh of these tariffs. Uh generally speaking, that would be uh but more fundamentally, I think the second order is that uh you know, around the world, I think we're going to experience some some very serious inflation over time, and that's going to affect a number of of the um the inputs to to production from a supply chain point of view. It's certainly going to impact finished good uh finished ...
X @Bloomberg
Bloomberg· 2025-07-31 12:46
Trade Policy & Legal Challenges - Trump's tariffs are facing a significant legal challenge in court [1] Industry Impact - The tariffs' impact on various industries is being closely monitored [1]
Treasury Secretary Scott Bessent: 'I believe we have the makings of a deal' with China
CNBC Television· 2025-07-31 12:10
Trade Agreements & Negotiations - South Korea agreed to 15% tariffs and will purchase a substantial amount of US energy and invest in the US [3][4] - The US removed many trade and non-tariff barriers with South Korea, expecting increased exports [5][6] - The US is in negotiations with India, but is frustrated with their slow progress and purchase of sanctioned Russian oil [7][8] China Trade Discussions - US and China met for two full days in Stockholm, led by Vice Premier Julie Fun [9][10] - The US believes there are the makings of a deal with China, though some technical details remain [11][12] - The US disputes claims that China gained leverage in negotiations through rare earth mineral export controls [13][14][15] Geopolitical & Economic Context - Negotiations with China are complex due to it being both the largest economic and military rival [16][17]