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X @Bloomberg
Bloomberg· 2025-07-21 18:06
Canadians say they’re ramping up their boycott of US travel and products in response to US President Donald Trump’s tariffs, and the country’s central bank is taking notice https://t.co/qzv3jCuscC ...
Bessent: Imposing Aug. 1 tariffs 'will put more pressure' on trade partners for deals
CNBC Television· 2025-07-21 16:30
Trade Agreements & Tariffs - Higher tariff levels could pressure countries to reach better agreements [1] - A trade agreement was reached with Indonesia after five turns of offers [1] - The trade deal with Indonesia involved the removal of 11,000 lines of tariffs, including non-tariff barriers [2] - The previous tariff on Indonesia was 19% [2] Trade Deal Benefits - Indonesia will make massive purchases of agriculture and Boeing airplanes [2]
EU prepares for trade battle with the US, why markets could be in an AI bubble
Yahoo Finance· 2025-07-21 14:32
Market Trends & Global Finance News - Ramzan Karmali of Yahoo Finance reports on international finance news for July 21, 2025 [1] - US Commerce Secretary Howard Lutnick reaffirms August 1st as a hard deadline for tariffs [1] AI & Stock Market - Yahoo Finance raises the possibility of an AI bubble starting [1] - Market insiders are discussing AI and price-to-earnings ratios for AI stocks [1]
Treasury Secretary Bessent: Need to examine whether the Fed as an institution has been successful
CNBC Television· 2025-07-21 12:30
Federal Reserve & Monetary Policy - The report discusses the potential consequences of firing the Federal Reserve Chair, suggesting market instability [9] - The report mentions examining the entire Federal Reserve institution and its success in fulfilling its mission related to monetary policy, regulations, and financial stability [5][6] - The report highlights the perception of the Federal Reserve's mindset and questions its effectiveness, particularly regarding inflation management [7][8] Trade & Tariffs - The report addresses the possibility of extending tariff deadlines for countries engaged in productive trade talks [11] - The report suggests that higher tariff levels could pressure countries to reach better trade agreements [12] - The report cites a trade agreement with Indonesia involving the removal of 11,000 tariff lines, including non-tariff barriers, in exchange for agricultural and Boeing airplane purchases [13][14] - The report mentions a 19% tariff imposed on Indonesia, while they have zero tariffs on the US [14] Executive Decision-Making - The report emphasizes that the President solicits a range of opinions before making decisions [4]
X @Bloomberg
Bloomberg· 2025-07-21 11:54
Fresh off Donald Trump’s threat to slap 50% tariffs on Brazil, a summit of leftist leaders risks triggering a broader backlash from the White House https://t.co/e1jkleWSck ...
X @Bloomberg
Bloomberg· 2025-07-21 10:05
Analysts are still in ‘Liberation Day’ mode when it comes to the companies most sensitive to tariffs. There’s room for upgrades to earnings estimates, @JonathanJLevin says (via @opinion) https://t.co/nBryEUvAM8 ...
X @Bloomberg
Bloomberg· 2025-07-21 05:38
LISTEN: China’s economy held steady despite Trump’s tariffs. But manufacturers are still racing to adapt as the trade war threatens global supply chains. What’s next?Our reporters discuss here ⤵️ https://t.co/R2bQOfr7Am ...
X @The Wall Street Journal
When President Trump slapped tariffs on nations across the globe, many economists feared the economy would flatten. That didn’t happen—and now businesses and consumers are regaining their swagger. https://t.co/WIBgPogfQv ...
X @The Wall Street Journal
Amazon quietly raised prices on low-cost products in the five months after President Trump first announced sweeping tariffs https://t.co/l1S430C31o ...
Economist: If the Federal Reserve’s independence is compromised, expect inflation to rise
MSNBC· 2025-07-20 21:40
Joining us now, the former chair of the National Economic Council of Adviserss under President Biden, Jared Bernstein. Welcome back, Jared. It's always good to see you.So, let's start with what the Commerce Secretary was talking about there and this kind of whiplash in the markets last week to news that Trump considered firing Federal Reserve Chair Jerome Powell. Markets then dropped, but Trump backed off, saying it was highly unlikely, but he doesn't rule it out. So, the Wall Street Journal reports Treasur ...