Trump says EU-US tariff deal 'possible'
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Brazil’s Lula hits back at Trump tariff threat
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A lot could happen on the trade front in the next few weeks, from pressuring Russia on Ukraine to arguing the legality of the administration’s tariff policy. Here are a few developments to watch.
Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors affecting these markets.
U.S. equities were slightly lower on Friday, a day after the S&P 500 and the Nasdaq scored record closes, as investors looked ahead to corporate earnings and monitored the latest U.S. tariff threats as they digested economic data,
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The ongoing tariff negotiations have created a potentially more uncertain environment for electronics and other supply chains than the pandemic.
But, for now at least, a steady if unspectacular job market and a stock market hitting new highs appears to be enough to keep consumers spending. Given that consumer spending accounts for more than two-thirds of the economy’s overall output, that is a good omen.
President Trump’s plan to impose a 100 percent tariff on Russian goods could raise the cost of urea, a key fertilizer in corn and other row crops.
For Americans who were awaiting the release of the Nintendo Switch 2, the delay of U.S. pre-orders for the gaming console this April was one indication of what’s to come.
When U.S. President Donald Trump met five African leaders in Washington this month, his lack of familiarity with the continent was on display. He praised Liberian President Joseph Boakai’s English — Liberia’s official language — and gestured at another leader to wrap up remarks.
There is no single way to predict how businesses will price items weeks or months into the future as, in addition to tariffs, they are influenced by things like consumer demand, sales strategies, and supply chains.
Key Takeaways The Michigan Consumer Sentiment survey increased to 61.8 in the preliminary July results, its highest level since February.Manufacturing surveys also reached their highest points in five months,