Trump announces Japan tariff deal
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The European Union is heading towards a trade deal with Washington that would result in a broad 15% tariff on EU goods imported into the U.S., avoiding a harsher 30% levy slated to be implemented from August 1,
OBAMA'S REBUKE: Former President Barack Obama’s office issued a rebuke of Trump yesterday over his accusation that his predecessor committed “treason” and rigged the 2016 and 2020 presidential elections.
The tariff drama arrives just days after Trump struck a similar 15% tariff agreement with Japan, signaling a potential shift in how his administration plans to handle trade policy going forward.
Gold prices extended losses on Wednesday following reports that the U.S. and European Union were closing in on a 15% tariff deal, dampening safe-haven demand, while silver earlier surged to its highest level since September 2011.
Texas Instruments Inc., a key chipmaker for producers of cars and factory equipment, tumbled in early trading Wednesday after stoking fears that a tariff-fueled surge in demand will be short-lived.Though the company issued a third-quarter forecast that beat most estimates,
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GE Vernova’s stock was heading for a record high after an earnings beat, a raised full-year outlook and a lowered estimate of tariff impact.
Embraer's strong backlog, record deals, and favorable FX exposure provide medium/long-term support, but near-term uncertainty is high. Read why ERJ is a Hold.
The Trump administration could send more tariff letters or reach new trade agreements before the start of August, White House Press Secretary Karoline Leavitt said Monday. That's when the pause on Trump's so-called reciprocals tariffs are set to expire.
US stocks will shrug off tariff risks to get a boost from the second-quarter earnings season, the latest Markets Pulse survey showed.
General Motors valuation remains attractive at 5.0X P/E forward earnings, with solid EV momentum and upside if tariffs ease. Learn more on GM stock here.