Trade Deals
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US Treasury Secretary Bessent on Inflation, Jerome Powell, Nvidia, Trade Deals
Bloomberg Television· 2025-07-15 12:06
We've had a string of softer than expected inflation rates in this country. We've had four. We might get five at 830 Eastern time.Why do you believe that signal and not noise. Well, I mean, there's some persistence there, Jonathan. And look, I do have access to the number of the night before, but when I'm coming on TV, I don't look at it. So I don't know what the number is going to be at 830. And I wouldn't you know, I don't know whether it's going to be down, up or flat.But I wouldn't put too much emphasis ...
Secondary sanctions on Russia will create 'great deal of backlash', says fmr. Sec. of Commerce
CNBC Television· 2025-07-14 20:51
Trade Negotiation Strategy - The president is using tariffs and sanctions as negotiating tools, particularly with Russia, aiming for a deal rather than permanent sanctions [5][6] - The president seeks conceptual deals or frameworks with countries, using the threat of tariffs to push negotiations forward before August 1 [7] - Trade deals typically take 12 to 18 months per country, making simultaneous deals with multiple countries challenging [7] Economic Impact and Considerations - The performance of the US economy, especially inflation, will influence the president's decisions on tariffs [8][9] - Exporters are absorbing some tariff costs, and importers are engaging in forward buying, temporarily mitigating inflation's impact [12] - The duration of tariffs is a critical factor; the longer they last, the more adverse the economic effects [13] Geopolitical Implications - Imposing tariffs that prohibit countries from doing business with others (extraterritoriality) can create resentment and backlash [2][3] - The European Union is expected to be the toughest to negotiate with, potentially leading to tariffs on European goods [13]
Pre-Markets in the Red to Start a Fresh Week
ZACKS· 2025-07-14 16:05
Market Overview - Pre-market futures are lower across all major indexes due to new tariff threats from President Trump, which have dampened market enthusiasm after reaching near record highs last week [1][2] - Trump announced a new +35% tariff on all Canadian imports and a +30% tariff on both the EU and Mexico, effective if no new trade deals are reached by August 1st [2] Tariff Impact - Over $99 billion in revenues have been collected from tariff policies, marking an increase of more than +110% from the previous year [3] - Economists express concerns that higher tariffs could lead to increased prices for consumers as companies pass on costs to maintain profitability [3] Trade Deal Status - The U.S. has not established new trade deals, with only an incomplete agreement with the UK and a preliminary deal with China regarding rare earth materials [4][5] - The 90-day window for establishing new trade policies has closed without resolution, raising questions about the potential for further delays [5] Economic Data Releases - This week will see significant economic data releases, including the Consumer Price Index (CPI) and Producer Price Index (PPI), with CPI expected to rise to +2.7% from +2.4% [6] - Other economic reports include Empire State and Philly Fed manufacturing reports, Retail Sales, Industrial Production, Business Inventories, Homebuilder Confidence, and Housing Starts/Building Permits [7] Earnings Reports - Major banks such as JPMorgan, Citigroup, and Wells Fargo will report earnings on Tuesday, followed by Bank of America and Goldman Sachs later in the week [8] - Other companies reporting include Netflix, Johnson & Johnson, and 3M, contributing to a busy earnings week [8]
'Injecting CHAOS into our economy': Dem lawmaker slams Trump's 30% tariffs on EU, Mexico
MSNBC· 2025-07-14 14:59
And for more on this, I want to bring in Massachusetts Congresswoman Katherryn Clark, who also serves as House Democratic Minority Whip. Uh, Congresswoman, thanks so much for being here. As we've discussed, the deadline, a new deadline it seems, for trade deals is August 1st.But now we're learning the president has actually rejected some deals that his team has negotiated. I want to play again the director of National Economic Council, Kevin Hasset. But this was what he said yesterday.A bit of a revelation ...
X @Bloomberg
Bloomberg· 2025-07-12 17:16
US trading partners race to make deals with the Trump administration, thinking that this time the president's deadline is real https://t.co/v3eASUg3oz ...
Trump ‘mixing in politics’ in announced tariffs on Brazil by criticizing investigation of Bolsonaro
NBC News· 2025-07-10 21:00
Hi there and welcome to Meet the Press Now. I'm Ryan Nobles in Washington where after successfully signing his domestic policy legislation into law last week. President Trump is now struggling to make good on several other key promises. Starting in Ukraine, a problem Mr.. Trump promised repeatedly to solve on day one of his presidency. Now, as President Trump is clearly growing increasingly frustrated with President Putin, we get a lot of bullit thrown at us by Putin for you want to know the truth. He's ver ...
X @The Economist
The Economist· 2025-07-08 22:40
America is learning just how slow trade deals can be. They require clarity on aims, which is in short supply in some of Donald Trump’s negotiations https://t.co/KEgdQtvLtk ...
Commerce Secretary Lutnick on trade deals: We're in 'eighth or ninth inning' with counterparties
CNBC Television· 2025-07-08 20:45
Oh, we're definitely in the eighth or ninth inning with these counterparties. So, what's happened is many of these countries have made us offers to finally open their markets. You know, they just they go slowly, they go with it, and then finally they come to the table at the very end and they start to open their market. And the key is the president wants to balance our trade deficit with the fact that these countries are finally finally opening their market. And if you have something like Vietnam where they ...
Hillyard PRESSES Trump's trade adviser on lack of trade deals
MSNBC· 2025-07-08 01:15
Trade Policy - The US administration initially aimed for 90 trade deals in 90 days [1][2] - President Trump announced new tariffs ranging from 25% to 40% on goods from 14 countries [1] - The administration has delayed tariffs before, raising questions about the seriousness of deadlines [3] Negotiation Status - Only two countries have reached framework agreements so far [2] - The US is reportedly collecting billions of dollars in tariffs [3] - The administration suggests other countries are delaying negotiations [2]
Trump criticizes Elon Musk’s new political party announcement
NBC News· 2025-07-07 00:00
Tonight, the global economy braces for what comes next as President Trump says countries that don't make trade deals by this Wednesday, July 9th, will now pay skyrocketing tariffs starting August 1st. I think we'll have most countries done by uh July 9th. Yeah.Either a letter or a deal. This morning, the Treasury Secretary warning that those take it or leave it offers will come at steep prices. you will boomerang back to your April 2nd tariff level.So, I think we're going to see a lot of deals very quickly. ...