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Trump trade negotiations “totally unrealistic”: Former trade negotiator
Yahoo Finance· 2025-07-12 16:30
What do you make of what we've seen so far in terms of some of these agreements between the US and other countries. As a former trade negotiator, the minute I heard about their objectives here, I just thought they were totally unrealistic. Trade negotiations take time.And the notion you're going to be simultaneously negotiating with dozens of countries just really limits the bandwidth of the negotiating teams. And so, yeah, I think more time is needed. August 1 now is the next deadline.And even though the p ...
Trump Steps Up Trade War With Canada Threatening a 35% Tariff
Bloomberg Television· 2025-07-11 18:17
A certain uncertainty. And that uncertainty is that, you know, again, we're facing a deadline of August 1st where we really don't know if President Trump is going to move forward with these tariff threats. You know, first it was Liberation Day, then it was July 9th.Now it's August 1st. But what we can say is, and this is what we're telling our clients, is that even though this process is going to continue to play out, a lot of it determines on the negotiation. So we're telling our clients, be very close to ...
Trump Plans 'Major' Russia Statement, Vietnam Surprised by New Tariffs | Bloomberg The Pulse 07/11
Bloomberg Television· 2025-07-11 11:12
BRENT CRUDE, AS DEBBIE G. I. , GAINING .4 POINT.LET'S GET STARTED. ♪ >> NEWSMAKERS AND MARKET MOVERS, THIS IS THE PULSE WITH FRANCINE LACQUA. FRANCINE: GOOD MORNING EVERYONE AND WELCOME TO THE PULSE.I AM FRANCINE LACQUA. BLOOMBERG UNDERSTANDS THE LEADERSHIP WAS CAUGHT OFFGUARD BY DONALD TRUMP'S ANNOUNCEMENT OF A 20% TARIFF ON VIETNAMESE GOODS. THE COUNTRY STILL HOPING TO SECURE A RATE CLOSER TO 10% OR 15%.CANADA IS FACING A 35% TARIFF ON GOODS NOT COVERED BY EXISTING TRADE AGREEMENT WITH THE U.S. AFTER RECE ...
X @Bloomberg
Bloomberg· 2025-07-11 04:56
Japan’s top tariff negotiator Ryosei Akazawa may come under renewed pressure in the coming days as he faces the risk of missing out on talks with the two key US officials entrusted with trade negotiations when they visit Osaka https://t.co/nhSls5zIoP ...
President Trump fires off even more letters to trade partners
Yahoo Finance· 2025-07-09 23:10
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 ...
A lot of countries won't have a deal by tariff deadline, says fmr. U.S. Trade Rep. Wendy Cutler
CNBC Television· 2025-07-09 20:45
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 ...
The US, China Race for AI Supremacy
Bloomberg Technology· 2025-07-09 19:09
US-China Tech Competition & Trade Negotiations - Both the US and China are heavily investing in infrastructure (data, energy computation, and human capital) to lead in AI [1][2][4] - The US technology industry seeks a conducive environment for domestic investment, exemplified by projects like Stargate and significant investments from companies like Apple ($500 billion) and IBM ($150 billion), totaling over $2 trillion [4][5] - Trade negotiations with China involve potential loosening of export controls on semiconductors as a bargaining chip [6][8] - A year ago, China was unwilling to negotiate with the US unless export controls were lifted, but export controls are now part of the discussions [7][8] Semiconductor Industry & Export Controls - The Trump administration placed 22 chips on the export control list in April, designed to comply with China's market [9] - There's uncertainty regarding whether the Trump administration will lift these controls or further unwind Biden administration controls on advanced semiconductor equipment [9][10] - Companies like AMD and Nvidia desire continued access to the Chinese market, balancing national security interests with economic interests [11] Rare Earth Elements & Supply Chain - China uses its dominance in rare earth elements as leverage in negotiations with the US [16] - China is loosening controls on rare earth approvals but only granting licenses for six months, retaining leverage [19] - US companies applying for rare earth approvals in China face invasive questions about sensitive business information [19] Talent & AI Development - China is rapidly deploying AI talent, prompting the US to launch AI education initiatives to develop homegrown talent and attract international experts [20][21] - The US needs to attract and retain AI talent, especially first or second-generation immigrants who often start technology companies [21]
President Trump says more countries, including Brazil, could get trade letters
CNBC Television· 2025-07-09 18:52
Washington. And we're going to stick with Washington. President Trump releasing new tariff letters to seven countries that outline more so-called reciprocal tariffs if they don't make deals by the 1 of August.Our Megan Cassella has the latest on that. Megan, hey John. So about 21 countries have now received those letters and the president just said in the last few minutes that more countries including Brazil could get letters today and tomorrow.But here's today's round. We can pull it up. the Philippines, I ...
Markets Expect More Trade Negotiations, Says Stealey
Bloomberg Television· 2025-07-09 11:08
Ian, always a pleasure to see you in the morning. Thanks for joining us. If you look at volatility, right, it looks like you haven't actually got back to anywhere near April.Second levels is such it kind of suggests that there is optimism there's going to be room for negotiation in these trade talks. You can see it in the gold price to down as well. Is this optimism on trade misplaced, do you think.I don't think so. I think what the market is learning and you said it very well, the market's got a bit of fat ...
My guess is Pres. Trump will cut tariff rates with a few other countries: Lutnick
CNBC Television· 2025-07-08 18:34
uh secretary. Uh Mr.. Secretary, thank you so much for taking the time to join us. We saw a lot of the conversation that happened within that room, but we want to hear for the record from you, the commerce secretary, about just where you think we are with regard to trade negotiations as a whole as we approach that uh previously stated July 9th deadline for tariff deals. So you saw 14 letters went out yesterday. You should expect another anywhere from 15 to 20 letters to go out over the next two days really ...