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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
Trade Agreement & Tariffs - The European Union initially sought zero tariffs but settled for a 15% tariff, indicating a compromise [1] - A 15% tariff on Mercedes could cost German auto companies billions annually [3] - Tariffs are considered a tax on American consumers and businesses [2] Geopolitical Implications - The trade deal is seen as a cave by the European Union to the United States, especially considering their initial stance of zero tariffs [6] - The deal relies on European military spending being directed towards American defense, potentially impacting German defense companies [5] - The US and Europe share concerns about overcapacity, veiled as a reference to China [4] Economic Impact & Market Sentiment - European markets had already priced in a tariff between 10% and 15%, suggesting the 15% deal was viewed as a win [8] - The European economy lacks the fiscal strength and national champions compared to the US and China, limiting its ability to retaliate with matching tariffs [7] - A previous Japan deal involved private corporations funding businesses in the US, raising questions about a similar model for Europe with companies like Siemens [9] Future Outlook - The focus shifts to the relationship between Canada, Mexico, and China, with expectations that US-China talks continuing in September would be considered a positive outcome [12][13] - Japan committed $550 billion on top of existing expenditures to the United States, primarily through loans, the specifics of which remain unclear [10]
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 ...
X @Bloomberg
Bloomberg· 2025-07-30 17:28
US President Donald Trump made new tariff threats Wednesday, this time claiming he would seek to impose a 25% levy on India’s exports: Evening Briefing Europe https://t.co/GLQOYqhd3w ...
X @Forbes
Forbes· 2025-07-30 16:40
InnovationRx: Trump’s EU Tariff Deal Will Add $13 Billion To Drug Costshttps://t.co/jL7niqxtNY https://t.co/OG8FmDyOq4 ...
X @The Wall Street Journal
President Trump’s proposed 50% tariff on Brazilian goods is likely to lift the price of the preferred coffee for most U.S. consumers https://t.co/dMeLlzOGjc ...
X @CNN Breaking News
CNN Breaking News· 2025-07-30 14:17
President Trump threatens to impose a 25% tariff on India and warns the country could face a "penalty" for its reliance on Russian oil and military equipmenthttps://t.co/RhTvZ7d4DY ...
X @Bloomberg
Bloomberg· 2025-07-30 14:04
Trump said he would impose the new tariff rate from August 1 https://t.co/tMR7aHWm0j ...
Trump to Put 25% Tariff on Imports From India
Bloomberg Television· 2025-07-30 13:16
This is quite a statement from the president of the United States that came just moments ago. So if you're just tuning in, I'll share it with you now and read it out verbatim. While India is our friend, we have over the years done relatively little business with them because their tariffs are far too high.The president goes on to say, among the highest in the world and they have the most strenuous and obnoxious, non-monetary trade powers of any country. Also, and this is the additional point the president m ...
President Trump: India will pay 25% tariff
CNBC Television· 2025-07-30 12:51
Trade Relations - US President Trump stated that the US has done relatively little business with India due to high tariffs and nonmonetary trade barriers [1] - India's purchase of military equipment from Russia and Russian energy was criticized [1] - A 25% tariff and penalty will be imposed on India starting August 1st [2] Negotiation Dynamics - Initial expectations of India being among the first to negotiate have not materialized [2] - The imposition of tariffs is seen as a pressure tactic to bring India back to the negotiation table [2][3] - India had hoped for tariffs no higher than 19% [3]