Trump’s Japan Trade Deal
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Trump, rebate and tariff
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Commerce Secretary Howard Lutnick expressed confidence Sunday that the Trump administration will cut trade deals with key U.S. trading partners in the coming weeks — before steep tariffs kick in for dozens of countries.
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Conservative economist Jessica Riedl discusses the impact of Trump’s tariffs and trade deals, the cost of his tax cuts, and potential entitlement reforms. She assesses the Republican Party’s shift toward populism and the threat posed by rising debt.
Trump’s so-called reciprocal tariffs are scheduled to go into effect on August 1 after a 90-day delay—just as American families begin back-to-school shopping—and could hike up the cost of consumer goods imported from other countries.
US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along.
The investment bank thinks a 9-0 ruling against Trump is likely. That doesn't mean the tariffs will just go away.
US President Trump stated a “50/50 chance” of securing a trade agreement with the EU to lower import tariffs, with an August 1 deadline looming. While the EU approved a $109 billion retaliatory package,
Trump’s tariffs and recent trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Viktor Shvets, Head of Global Desk Strategy at Macquarie Capital, says the recent tariff deals the U.S. has struck with other nations have given the markets something to cheer about, but he questions how much risk premia are still attached to the U.
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