When we consider the remarks the president made to NBC yesterday suggesting most of our trading partners could see a tariff rate of between 15 and 20% being implemented. Was that the president just riffing or should we expect that the baseline 10% rate currently in place is going to go higher. The baseline way to think about this is to look at the original levels of reciprocal tariffs and the letters that have just gone out where the president has lifted the tariffs from the 10% to a higher rate, roughly tr ...

All right, let's go back to Washington right now. Megan Cassella has a news alert on the latest on Trump tariffs. Megan, what do you have.Hey guys, so these are about the tariffs relating to Brazil. We are hearing just in the last few minutes from Brazil's president. That's President Lula.We're pulling these off the Reuters wire. He is speaking and says President Trump is misinformed. The US does not run a trade deficit with Brazil.He's correct about that. For something like 15 straight years, the US has ha ...

Joining us now, NBC News business and data correspondent Brian Chung, managing editor of The Bull Work, and MSNBC contributor Sam Stein, and senior editor at The Atlantic, and host of Radio Atlantic, Hana Rosen. Brian, uh, first off, explain the trade relationship with Brazil. Yeah, so a lot of Americans might be tuning into the news of the Brazil tariffs and wondering, how is that going to impact the things that I buy at the store. Brazil exports a lot of major goods that we see at the grocery store on a d ...

Let's talk about the dollar for a second. Since April 2nd, basically since the start of the second quarter, we've seen the dollar fall about 6% historically. How big of a move is that.And do you see that as a potential warning sign for equity investors. Yeah, clearly the the decline in the dollar here reflects this loss of confidence in US trade uh security and and perhaps even fiscal policy because you also see a bit of a divergence between the dollar index and rate differential. I think that reflects this ...

We're seeing some of the highest level of U.S. tariffs since the 1930s. What are you making of the numbers we're seeing so far. Well, I do think they're extraordinary.I mean, if you look at this, again, this is the largest tax increase we've imposed in the United States in many, many decades. And as you said, bringing tariffs levels back to the level we have not seen since the early 1930s. If you look at Asia alone, I mean, when Trump came into office, the average tariff on Asian goods coming in the United ...

It is day 171 of the second Trump administration and here's what we saw earlier. Donald Trump escalating his new strategy of trying to define global trade with another letter campaign. This morning he posted letters to more countries to inform them of the new tariff rate on their goods if they do not make a deal with us by August 1st.Those countries were the Philippines, Sri Lanka, Muldova, Brunai, Libya, Iraq, and Algeria. For the record, none of those countries are among the United States's top 30 trading ...

So, it's letters, letters, letters day. So, we have seven new letters today from President Trump to a variety of trading partners. He's promising more either later this afternoon or coming tomorrow morning.A big one that he said this afternoon was going to drop soon as Brazil. So, that that's a major trading partner. But what we have so far are threats of 20 to 30% tariffs on a range of countries from Algeria to Muldova that would take effect on August 1st.Um, and and this goes this is on top of 14 letters ...

Joining us now is Wendy Cutler, vice president at the Asia Society Policy Institute. She's a former acting deputy at the US Trade Representatives Office and worked on negotiations including on the TPP deal and high level China talks. And Wendy, it's great to have you on the show.Welcome. Thank you. Um so, so let's start right there because we did see these deadlines for the cipal tariffs at least in terms of u the the companies for which these letters have gone out extended to August 1st.How much can get do ...

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 ...

Southeast Asian nations will likely be subject to comparable US tariffs because major disparities won’t meaningfully cut the overall trade deficit, according to Jeffrey Perlman, chief executive officer of Warburg Pincus https://t.co/6rfkYnM9bs ...