Trump's tariff deadline

January 23, 2025

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Welcome to Hill's Business & Economy Newsletter

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Business and economy

big story

Trump is staring at the tariff deadline on February 1st

On the first day, President Trump promised a steep tariff on a long -term trading partner. His trade agenda After a few months of threats.

On the first day of his inauguration, Trump issued a trade policy notes to the federal agencies to study US trade with China and trade contracts between Canada and Mexico.

Trump threatened while stopping to collect new import taxes twenty five% From January 1st, tariffs in Canada and Mexico.

He has floated again 10 % Processing for products in China requires 60 % or 100 % tariffs, which is much lower than before.

Some analysts pointed out that Trump had brought his Chinese tariffs back, suggesting that he had a reconciliation. Trade war。

“This latest number is less threatened in a few months up to this point, indicating that Trump may be paid attention to escalation,” Nelde. Wallet's economist Elizabeth Rental was written in the commentary.

However, there are unresolved questions about the potential tariff timing, scale, range, and the future of the United States and the Mexican Canada Agreement (USMCA).

There are more here on the hills.

Welcome to the hill Business and economy newsletterARIS FOLLEY and TAYLOR GIORNO cover the intersection between Wall Street and Pennsylvania Avenue.

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Essential reading

Major business and economic news affected this week:

Trump will sign a presidential decree establishing a cryptographic working group

President Trump has signed a Presidential order on Thursday to establish a Working Group on the digital assets led by the cryptocurrency, the Dajan saxophone, the White House Emperor for artificial intelligence.

Complete story

Costco's Board of Directors refuses to move anti -DEI and defends “respect and inclusion”.

Costco's Board of Directors pointed out that the company would defend “respect and inclusiveness” because the efforts were underneath nationwide to reject anti -residence, fairness, and inclusion (DEI). did.

Complete story

Trump stats his criticism of the AI project in the mask: “He hates one of the transactions.”

President Trump said on Thursday that he had not been publicly criticized by Ally -Iron Musk, which publicly criticized the new artificial intelligence (AI) infrastructure project.

Complete story

Trump drops the CEO of Davos's bank: “Open your bank to conservatives”

President Trump on Thursday accused the United States two major banks discriminating conservatives at live events with these corporate CEOs.

Complete story

Tax -watch

Welcome to the tax watchThe Hill's Business & Economy Newsletter's new features focus on tax reforms and promotion to extend this year's 2017 Trump tax cuts.

Trump: “We must get the Democratic Party to approve the tax cut.”

President Trump On Thursday, he stated that he was working with the Democratic Party to expand the tax cut in 2017 and build it. This is one of the largest legislative priority to Republican members, and they are divided into many provisions of laws.

During the event Switzerland DavosTrump has a democratic support, despite the Republican members trying to move his agenda through a budget process that enables the GOP to avoid the Democratic Party. I suggested that.

However, House Minoristy Leader Hakeem Jeffries (DN.Y.) On Thursday, Trump said he had not reached out about tax contracts for the Democratic Party. He added that his Cocus did not approve the Republican approach to reduce budgets, while providing tax cuts that he had distorted to wealthy people.

“Extreme Maga Republican members want to enact a large -scale tax cut between billionaires and wealthy companies, and to involve working -class Americans into the bill. We are not down with that approach。 “

Click here for details.

-Tobia Subanz

Ticker

Future New Stema and the event we are watching:

Parliamentary negotiator 2025 The top line contract for the fiscal year is stated Government funds You can come soon this weekend.

In other news

Please branch in more stories of the day:

Costco succeeds in protecting the diversity policy because other US companies scaling them.

New York (AP) -Costco shareholders have refused to propose wholesale club operators to evaluate them …

Complete story

You should know

Business and economic news we have flagged from other outlets:

S & P 500 closes with A New recordDow will jump 400 points when Trump is low and oil is pushed ()CNBC)
I want Trump Federal worker Go back to their desk. Why it may be more difficult than hearing it (CNN)
WTO chief should not “hyperventilation” Trump's tariff threat (Bloomberg)

What others are reading

Top story above Imaoka:

The Senate will promote Hegstess. Collins, Marcovsky voted for “No”

The Senate voted mainly along the party's route on Thursday, advanced Pete Hegces, a candidate for the Secretary of Defense, President Trump, and filed a qualification for his work and a qualification for his work. He pushed out the opposition of the Democratic Party, who claimed that he was not. read more

Trump signs an order to release the JFK assassination file

President Trump signed a presidential order on Thursday to release federal government documents related to the assassination of the assassination of former President John F. Kennedy, Former Secretary Robert F. Kennedy, and Martin Luther King Jr.. read more