Trump reveals a 15% basic tariff plan in new US-EU trade agreement
US and EU Reach Trade Agreement Following Trump-Von der Leyen Meeting On Sunday, the United States and the European Union announced a new trade agreement framework, as President Donald Trump and European Commission President Ursula von der Leyen met in Scotland to discuss various economic policies. The two leaders shared that tariffs on automobiles and […]
AUD/USD falls close to 0.6500 as US Dollar strengthens after approval of US-EU tariff deal
The AUD/USD is projected to drop to around 0.6500 as the US dollar gains strength from a trade agreement with the EU. The US plans to lower tariffs on imports from the EU to 15%. Market participants are looking forward to upcoming data from the US, along with Australia’s second quarter CPI and updates on […]
Ex-ambassador to EU: 15 percent tariff can be included in profit margins
Gordon Sondland, who served as President Trump’s ambassador to the European Union, expressed worries about the increasing prices for Americans after news broke about new US-EU trade agreements. These agreements include a 15% tariff on goods imported from Europe. During an interview with CNN’s Jessica Dean, Sondland addressed the potential impact of these tariffs, citing […]
Pound Sterling declines in value compared to the US Dollar following US-EU tariff agreement
The pound sterling has dropped to nearly 1.3400 against the US dollar as the US finalizes a trade deal with the EU. Market participants are hopeful that the Fed will keep interest rates steady during their announcement on Wednesday. The Bank of England is expected to lower interest rates next week. At the start of […]
USD/CHF remains steady around 0.7950, with attention on US-China tariff discussions
USD/CHF is trading around 0.7950 during the early European session on Monday. The Swiss franc, known as a safe-haven currency, might be pressured by positive sentiment surrounding US-EU trade deals. The Federal Reserve’s interest rate decision is expected later this Wednesday, with no changes anticipated. The USD/CHF pair has been stable at approximately 0.7950 in […]
Euro increases following US and EU’s complete 15% tariff deal
US and EU Reach Trade Agreement President Donald Trump has revealed a new trade framework between the United States and the European Union, during a meeting with European Commission President Ursula von der Leyen in Scotland. On Monday, following the announcement, the euro experienced a rise after this trade agreement came to light. The deal, […]
Trump’s tariff agreement provides little comfort for Japanese automakers as a greater danger approaches.
Tesla and Trade Dynamics On July 23, 2025, a fleet of Tesla vehicles sat neatly in a storage yard at an industrial port in Yokohama, Japan. This scene unfolded on the same day that US President Donald Trump criticized a trade agreement with Japan that was set to lower tariffs on cars imported from there. […]
Açaí prices expected to increase as the US applies a 50% tariff on imports.
U.S. Açaí Prices May Rise Due to Tariffs on Brazilian Imports Açaí bowls and smoothies, often enjoyed across various U.S. cities, could become pricier as 50% tariffs on imports from Brazil take effect starting Friday. Nearly all the açaí pulp found in the U.S., along with that distributed in Europe and Asia, primarily comes from […]
Lutnik states that Trump’s August 1 tariff deadline is firm.
Upcoming Tariffs Set by Trump President Trump’s “liberation day” tariffs, which are slated to start this Friday, will proceed as planned, according to Howard Lutnick, who spoke on Sunday. “There won’t be any extensions or grace periods. Starting August 1st, tariffs will be established, and Customs will begin collecting fees,” Lutnick stated on Fox News […]
Trump and Ursula von der Leyen to meet in Scotland for crucial trade discussions as tariff deadline approaches
Trump Meets EU’s Ursula von der Leyen Amid Golf Weekend President Donald Trump met with Ursula von der Leyen, the head of the European Commission, on Sunday. This was amidst his golf weekend in Scotland, where they focused on trade discussions, particularly concerning impending tariff agreements. A significant deadline for potential import taxes is approaching […]