Washington. The White House announcing progress on trade talks with several countries. Our Aean Javver has the story.Aean, >> John, that's right. The White House posting these details just within the past few moments on their website. We expect to get uh some more details here uh in just a couple of minutes time from White House officials.But what I can tell you is uh they're posting trade agreements uh with Argentina, Guatemala, and Ecuador. Uh the Argentine agreement is interesting. Obviously, there's bee ...

President Trump has wrapped up his time here in Asia, signing deals at every stop. It was all part of a bid to bolster the US's position ahead of that highly anticipated meeting with Chinese President Xi Jinping at the end of the visit. President Trump started in Malaysia and finalized framework trade agreements with the host country as well as Thailand, Vietnam, and Cambodia.Though light on details, the accords outline how the countries will roll back their own tariffs and regulations on US goods while bro ...

The Trump administration said it reached trade agreements with Malaysia and Cambodia, and frameworks for deals with Thailand and Vietnam during President Trump’s trip across Asia https://t.co/uh2x1jdwkP ...

Trade Relations & Tariffs - The EU raised tariffs on steel imports, aiming to protect its market from global overcapacity, primarily stemming from China [1][2] - The EU emphasizes that the steel import restrictions are a horizontal measure, not specifically targeting any single country, but impacting all importers [2] - The US shares similar concerns with the EU regarding global steel overcapacity and protecting local markets, leading to engagement between the two [3] - EU-US trade relations are the largest in the world, with both being each other's largest trading partner, indicating significant economic stakes [4] Economic Growth & Uncertainty - Global trade uncertainty and tensions negatively affect growth, as the EU's economic model relies on open international trade [6] - The EU is committed to defending a functioning multilateral rules-based trading system and diversifying trade engagement through new trade agreements [6][7] - The EU has concluded trade agreements with Merkasur, Mexico, Switzerland, and Indonesia, and is negotiating with India, Thailand, and the United Arab Emirates [7] Investment Opportunities in Europe - The EU offers investors a single market of 450 million consumers and 26 million companies, characterized by predictability, rule of law, and strong institutions [9] - There is elevated investor interest in Euro-dominated assets due to the stability and predictability they offer in turbulent times [9] - Strengthening the competitiveness of the European economy and enhancing productivity growth is a priority for the current political cycle [9]

US-Canada Relations - Tensions between the US and Canada have been elevated due to tariffs, trade disputes, and discussions about Canada potentially becoming the 51st US state [2] - A White House official indicates that the meeting's primary goal is to solidify existing trade agreements between the two countries [2] - Discussions are expected to cover energy, border security, drug policy, trade, investment, and global conflicts including Gaza and Ukraine [3] Canadian Macroeconomic Issues - Canada is facing its own macroeconomic challenges related to inflation, employment, and housing [4]

LIVE FROM THE MILKEN INSTITUTE ASIAN. THIS IS LIVE. WE HAVE A GREAT WILL YOU PLEASE OF GUESTS AND C.E. O. AND THE COUNTRY’S PUSH TO BECOME A GLOBAL HUB.AND WE’LL GET INSIGHTS FROM THE VICE MINISTER OF TRADE AND HOW PRESIDENT TRUMP’S TARIFF POLICIES ARE RESHAPING GLOBAL COMMERCE AND HERE ARE THE OTHER BIG STORIES. AND JAPAN TAKING THE LEAD TODAY AS STOCKS AND RECORD HIGH. AND LATEST TO GET A POOFT.PLUS, AND INDIA’S MARKETS REGULATOR AS THE NATION’S BILLIONAIRES HAVE EXCHANGES AND MORE ON THAT. HASLINDA: LET’ ...

Geopolitical Relations - Canada and Mexico agree to deepen ties [1] Trade Dynamics - The agreement occurs amid the Trump trade war [1]

Economic Impact of Tariffs - The implementation of tariffs is raising costs for U.S. businesses, which could lead to a reduction in GDP by approximately 0.5% in the long run [6][13] - The unpredictability of tariff rates creates chaos for businesses, making investments riskier and potentially leading to poor financial outcomes [7][8] - Tariffs are primarily affecting inputs into U.S. manufacturing, thereby increasing operational costs for companies [12][13] Labor Market and Immigration - The reduction of immigrant labor due to immigration policies is negatively impacting productivity and living standards for native-born workers [5][4] - The construction industry, heavily reliant on immigrant labor, is facing challenges that could further drive up housing costs [2][4] Auto Industry Dynamics - The North American auto industry is highly integrated, and tariffs on steel and aluminum are increasing production costs without effectively bringing manufacturing jobs back to the U.S. [15][16] - The pressure on manufacturers to automate due to rising costs may not translate into job creation for U.S. workers [16][17] Revenue Generation and Fiscal Policy - Tariffs function as a sales tax on imported goods, which could theoretically help reduce the deficit, but the actual revenue generated may not be substantial [19][20] - The potential increase in tariff rates could lead to higher revenue, but the effectiveness of this approach in addressing the deficit remains uncertain [21] Long-term Trade Relations - The current administration's approach to tariffs is likely to damage U.S. credibility in international trade agreements, making future negotiations more challenging [22][23] - The violation of established trade agreements could have lasting repercussions on the U.S.'s role in the global trading system [22][23]

Trade & Tariffs - Tariffs negatively impact the standard of living by increasing costs and reducing productivity [3][4] - Trump's tariffs, while potentially reducing GDP by approximately 0.5% in the long run, pose a greater threat due to uncertainty and volatility, disrupting business investments [6][7][8] - US businesses, rather than exporters, are absorbing a significant amount of tariff costs, partly due to front-running and uncertainty about the tariffs' permanence [10] - Many tariffs are levied on inputs into US manufacturing, raising costs for US businesses [12] - The auto industry is particularly vulnerable to tariffs due to its integrated North American supply chain, where parts cross borders multiple times [15] - Tariffs function as a sales tax on imported goods, potentially increasing revenue and reducing the deficit, but the amount is unlikely to reach Secretary Besson's estimate of $300 billion [18][19][20] - The US is violating international trade agreements, damaging its credibility and potentially dismantling a system built over 90 years [22][23] Immigration & Labor - Immigrant workers are concentrated in specific industries and occupations that complement native-born American workers, and driving them out reduces productivity and living standards [4][5] - Industries that might return to the US are likely to be capital-intensive, creating more jobs for robots than for US workers [18] Economic Policy & Impact - The stated goal of bringing back manufacturing jobs may not be achieved due to automation and the integrated nature of industries like the auto industry [14][16]

>> LIVE FROM WASHINGTON, D. C. , THIS IS "BALANCE OF POWER" WITH JOE MATHIEU AND KAILEY LEINZ.JOE: DEADLINE DATE IS UPON US. WELCOME TO THE THURSDAY EDITION OF "BALANCE OF POWER" AS WE COUNTDOWN TO RECIPROCAL TARIFFS THREATENED BY THE TRUMP ADMINISTRATION SET TO TAKE EFFECT AT MIDNIGHT. I'M JOE MATHIEU ALONGSIDE KAILEY LEINZ.THANKS FOR BEING WITH US ON BLOOMBERG TV AND RADIO. AS WE COUNTDOWN TO MIDNIGHT TAKING EFFECT, WE GET MORE DEALS OR IT IS ALL WE HAVE AS THE PRESIDENT MAKES IF YOU POSTS ABOUT CANADA AN ...