Tariff
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X @Bloomberg
Bloomberg· 2025-07-31 00:02
Donald Trump and his Mexican counterpart Claudia Sheinbaum plan to speak by phone on Thursday morning as a Friday deadline to avoid a 30% tariff nears with no agreement between the US and its largest trade partner https://t.co/wA5iZc041R ...
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 ...
