Trump's right that US allies have been free riders for years, but a trade war isn't the best way to make them finally pay up, @halbrands writes (via @opinion) https://t.co/ZEAucvLtMY ...

It is day 199 of the second Trump administration if you are keeping track. And in just under one hour, President Trump's reciprocal tariffs on imports from nearly 70 different countries will take effect. It is all part of his effort to reorder global trade. So we're going to start tonight with money, power, politics. This week, some countries like Switzerland made a lastditch effort to negotiate a trade deal. But this afternoon, the Swiss president left DC empty-handed. The country is now facing a 39% tarif ...

Trump's new tariffs take effect in trade war escalation https://t.co/QJOlbBekAB ...

From @WSJopinion: Why have this trade war? If one answer is that Trump wanted a show, the other is that he imagined U.S. law afforded him a show, writes Holman Jenkins https://t.co/NAH4MwRNov ...

It is time for money, power, politics. We've got a lot to discuss. The president is escalating his global trade tariff war again.Swiss leaders traveled to DC earlier today after the president said he would slap the country. Switzerland Switzerland with a 39% tariff, which is one of the highest yet. That means your favorite products like chocolate, watches, high-end skin care could all cost a whole lot more if no deal is reached.And the threats didn't stop there. The president also said the EU would be hit w ...

On today’s Big Take Asia podcast: How Trump’s trade war is testing longstanding ties between India and Russia. https://t.co/05Uo0Q9cnX ...

Economic Indicators & Labor Market - US economy added 73,000 jobs in July, far lower than expected, with June and May numbers revised down by a combined 258,000 [2] - The White House defended the dismissal of the Bureau of Labor Statistics Commissioner despite accusations of data manipulation without evidence [3][4][5] - The jobs data revision is considered a historically important outlier, the biggest since 1968 [5][6][7] - Declining response rates to BLS surveys contribute to data inaccuracies [8][9] Trade & Tariffs - New tariffs on almost every US trading partner are set to come into effect [1][12] - Tariffs could lead to a slowdown in spending and hiring, potentially impacting the economy [14] - The probability of a Federal Reserve interest rate cut increased from approximately 40% to 75% following the release of weak jobs data [16] - Potential interest rate cuts by the Fed are expected to be gradual, possibly a quarter point in September and another in December [17] Political & Policy Impacts - The President plans to appoint a new head of the Bureau of Labor Statistics within 3-4 days [19][20][22] - Texas Democrats fled the state to block a Republican redistricting plan that aims to add five new GOP seats [31] - The Texas Governor is threatening to expel or extradite the lawmakers [32][38] Environmental & Disaster Impacts - Severe weather, including wildfires and flooding, is causing chaos across the US [43][44][45][46][47][48][49][50] - Wildfires in central California have burned approximately 40,000 acres [46] - The Dragon Bravo fire in Arizona has become the largest in the US, burning over 116,000 acres and is only 11% contained [47] - Air quality alerts are in effect in multiple states due to smoke from Canadian wildfires [45][52][53] - Heavy rainfall and flooding are impacting parts of the Southeast, with 10 million people affected [54]

Despite a muted reaction from economic and financial markets, there will be lasting damage from Donald Trump’s trade war. And American shoppers will pay the price https://t.co/CbIhFDqgEC ...

A seductive idea is settling in that America is winning from Donald Trump’s trade war. But that thinking is deeply misguided. The game is not over. And it is one that America cannot win https://t.co/coOdsMzYsp ...

For months, Wall Street brushed off Donald Trump’s trade war and the Federal Reserve’s higher-for-longer stance — confident a resilient economy would keep propping up US markets https://t.co/0zZDnzBbd3 ...