Brazil’s president cautions about consequences following Trump’s announcement of 50 percent tariffs.
Brazilian President Luis Inacio Lula da Silva expressed on Wednesday that his administration is prepared to respond after President Trump revealed intentions to impose a 50% tariff on imports from Brazil. In a statement shared on the platform X, Lula challenged what he described as “inaccurate” assertions regarding the US trade deficit with Brazil. He […]
EUR/USD rises as investors consider factors beyond Trump’s tariffs
The euro is benefiting from renewed interest in a trade agreement between the EU and the US. The US dollar is holding steady at a lower level following the recent FOMC meeting. The EUR/USD pair is stuck in a downward channel beneath the 1.1750 resistance line. The EUR/USD pair saw gains on Thursday but pulled […]
Pound Sterling rises slightly against US Dollar amid uncertainty over US tariffs
Market Update: Pound Sterling and US Trade Developments The pound sterling rises slightly to about 1.3600 against the US dollar as investors keep an eye on US trade negotiations. President Trump has revealed new mutual tariffs affecting 21 countries, set to take effect on August 1st. The Bank of England warns of economic risks due […]
Asia-Pacific FX news summary: Trump confirms 50% tariffs on Brazil and copper
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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 […]