After UK and China trade deals, tariff rate still highest since 1934, Yale report says

After UK and China trade deals, tariff rate still highest since 1934, Yale report says


Key Points
  • The average effective tariff rate on imports is 17.8%, the highest since 1934, even after trade deals reached with China and the U.K. in recent days, according to the Yale Budget Lab.
  • Levies that President Trump placed on other products and countries still remain, including a 10% tariff on almost all trading partners.



Source

Morgan Stanley earnings top estimates on increased trading revenue
Finance

Morgan Stanley earnings top estimates on increased trading revenue

In this article MS Follow your favorite stocksCREATE FREE ACCOUNT People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City.  Spencer Platt | Getty Images Morgan Stanley on Wednesday reported second-quarter results that crushed Wall Street expectations on the back of higher trading revenues. Here’s what the […]

Read More
Bank of America puts up mixed results as net interest income misses analysts’ expectations
Finance

Bank of America puts up mixed results as net interest income misses analysts’ expectations

In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025.  Tom Williams | Cq-roll Call, Inc. | Getty Images […]

Read More
Jensen Huang lauds China’s AI models as Nvidia gears up to resume chip exports
Finance

Jensen Huang lauds China’s AI models as Nvidia gears up to resume chip exports

Key Points Nvidia CEO Jensen Huang praised China’s AI models a day after the U.S. chipmaker said it expected to resume sales of a key product to China. “More than 1.5 million developers in China build on Nvidia today to bring their innovations to life,” he said. He was speaking Wednesday at the opening ceremony […]

Read More