If the original motivation for tariffs was to reduce trade deficits, it now looks as if the only way that will happen is through slower economic growth and investment, says @ernietedeschi (via @opinion) https://t.co/ov7Yda6REC ...

an EU trade chief warning that President Trump's 30% tariff threat on the EU is effectively prohibitive to trade between the two nations. 30% or anything about 30%, practically it prohibits the trade. President Trump released letters over the weekend unveiling a new tariff rate set to go into effect on August 1st.There is the parameters of a deal. They're getting closer. They clearly came up short last week ending with this this 30% letter, but there's still a sense of progress there and just sort of refocu ...

Tonight, President Trump threatening to impose 30% tariffs on the European Union and Mexico. In a letter to the president of the European Commission, President Trump writing, "We have concluded that we must move away from these long-term large and persistent trade deficits." The European Commission president responded saying they could retaliate with more tariffs. President Trump also writing a letter to Mexico's president saying Mexico still has not stopped the cartels.Mexican officials pushing back, sayin ...

I want to now bring in our Bloomberg TV and radio audiences worldwide. We're going to simulcast this. Joining us now is White House Council of Economic Advisers Chairman Stephen Meyer.And, Stephen, thanks very much for joining us. We were just listening to David Kostin of Goldman Sachs giving an optimistic view of the stock market and the way companies are dealing with tariffs. And I wonder how you think about the uncertainty that this creates.You definitely must have calculated that in coming up with this ...

🇺🇸 JUST IN: The US will impose tariffs on seven countries from August 1 to address trade deficits:🇧🇩 Bangladesh – 35%🇮🇩 Indonesia – 32%🇧🇦 Bosnia & Herzegovina – 30%🇹🇳 Tunisia – 25%🇷🇸 Serbia – 35%🇰🇭 Cambodia – 36%🇹🇭 Thailand – 36% https://t.co/bQDS9AYwrY ...