The Fed’s Views on Inflation from Tariffs
The Fed is Trapped in Group Ideas About Tariffs If you’ve been curious about how Federal Reserve officials perceive Donald Trump’s tariff strategies, the latest minutes from the Federal Open Market Committee (FOMC) make it quite clear. They all consider tariffs to be inflationary. This consensus is not contested within the Eccles building. Every participant […]
South Korea seeks to link tariffs with security measures in trade discussions with Trump.
This week, South Korea’s national security adviser, Wi Sung-lac, traveled to Washington to meet with key officials from President Trump’s administration. He informed them that his government is trying to address security issues alongside trade talks ahead of the approaching August 1 tariff deadline. President Trump initiated a significant shift in American trade policy on […]
Trump Introduces New Tariffs on Six Nations
Trump’s New Tariffs Target Additional Countries On Wednesday, President Trump unveiled a plan to impose tariffs on six more trading partners. Starting August 1, the United States will implement a 30% tariff on Algeria, Libya, and Iraq, while Brunei and Moldova will face a 25% tariff. Additionally, the Philippines will see a 20% tariff. This […]
EU officials indicate they will face higher Trump tariffs compared to the UK, according to a report.
EU Negotiators Closing In on Trade Deal with Trump EU diplomats and officials report that negotiators from the European Union are nearing a trade agreement with President Donald Trump. This would involve imposing tariffs on the 27-member bloc that are reportedly higher than those currently applied to the UK. Brussels is prepared to sign a […]
Trump warns of 200% tariffs on medications
President Trump has mentioned imposing tariffs on imported pharmaceuticals, possibly hitting rates as high as 200%. However, he indicated that any actual taxation might not take effect for over a year. “They’ll get a very high rate of tariffs, like 200%,” Trump stated during a cabinet meeting on Tuesday, yet he acknowledged a delay before […]
Who is footing the bill for the Trump tariffs?
This was highlighted on July 9th, which many are calling President Trump’s tariffs D-Day. However, there’s been yet another delay, pushing the deadline to August 1st. This doesn’t look like it’s the end, and there’s a real chance that those aggressive tariffs might not actually go into effect. Rather, they seem to be more about […]
GBP/USD steadies as investors look for clarity on tariffs again
The new tariff cycle under Trump seems to be weighing down GBP/USD’s performance. Trump has postponed the July 9 tariff deadline to August 1, insisting that no further delays will occur. Investors are predominantly anticipating future delays on tariffs. GBP/USD is grappling with challenges as it hovers around 1.3600. The market is responding to the […]
Cato Institute questions Trump’s emergency tariffs due to concerns about executive overreach
Cato Institute Challenges Trump’s Tariffs The Cato Institute has raised concerns that the federal government is overstepping its bounds by employing President Donald Trump’s emergency tariffs. They are expressing hope that the courts will intervene. In a recent Amicus brief, Cato argues that the administration has exceeded its authority under the International Emergency Economic Powers […]
Trump announces that the US will begin informing trade partners about tariffs reaching up to 70%
Tariff Notifications by Trump’s Administration President Trump announced that his administration will start notifying certain countries about unilateral tariffs set at 70%. “We will begin sending out letters to various nations tomorrow,” Trump told reporters late Thursday. “I think I might be making around 10 to 12 announcements tomorrow. I expect everything to be finalized […]
Wall Street is being careful with European stocks due to the potential risks from trade tariffs.
European stock markets are currently facing significant turbulence in 2025, with the Stoxx Europe 600 index increasing about 7% recently. This uptick seems to stem from investors shifting focus to Europe amidst ongoing political and valuation issues in the US market. However, some analysts are cautioning that this surge might be based on wobbly and […]