Tariff
Europe’s companies sound alarm over tariff hits amid scramble to strike U.S. trade deal
European officials are working to secure a trade deal with the Trump administration, as regional companies sound the alarm over financial hits even before reciprocal tariffs have come into play. Earlier this month , U.S. President Donald Trump said he would slap a 30% tariff on all goods imported to America from the European Union, […]
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Trump Commerce Secretary Lutnick says U.S. auto CEOs are ‘cool with’ higher tariffs than Japan
Commerce Secretary Howard Lutnick said Thursday that American auto CEOs told him they are “cool with” President Donald Trump’s new trade deal, which could put lower tariffs on cars imported from Japan than on cars made by U.S. companies in Canada and Mexico. Lutnick brushed off complaints from a group representing General Motors, Ford and […]
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Family office deal-making has fallen this year as investors wait for clarity
Key Points Private investment firms of the ultra wealthy made 375 direct investments in the first half of 2025, a 32% annual drop, according to Fintrix. Family offices are still showing interest in hard assets needed by AI, such as data centers, and are also looking abroad. Family office experts told CNBC that firms have […]
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CNBC Daily Open: Japan markets rally on the country’s 15% tariff rate — it’s a new era of trade
A man walks in front of an electronic quotation board displaying the Nikkei Stock Average on the Tokyo Stock Exchange in Tokyo on July 23, 2025. Kazuhiro Nogi | Afp | Getty Images The anchoring effect is one of the sneakiest tools companies use to make us spend money. Here’s how it works. Let’s say […]
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CNBC Daily Open: The 15% tariff rate on Japan can feel like a relief only because of hefty ones before
U.S. Treasury Secretary Scott Bessent is leading a presidential delegation at a ceremony for U.S. National Day at the World Expo 2025 on July 19, 2025, in Osaka, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images The anchoring effect is one of the sneakiest tools companies use to make us spend money. Here’s […]
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Indonesia plans $8 billion refineries contract with U.S. firm amid tariffs deal, Reuters reports
PT Pertamina oil refinery plant at the port city of Balikpapan in East Kalimantan, Borneo, Indonesia. Bloomberg | Bloomberg | Getty Images Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by […]
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South Korea fin min, trade envoy to hold 2+2 trade talks with U.S. counterparts
South Korea’s new finance minister and the country’s top trade envoy will meet with U.S. counterparts on Friday for talks on U.S. tariffs. RunPhoto | Photodisc | Getty Images South Korea’s new finance minister and the country’s top trade envoy will meet with U.S. counterparts on Friday for talks on U.S. tariffs, Finance Minister Koo Yun-cheol said on Tuesday. The country’s foreign and industry ministers will also visit […]
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Bessent: Imposing Aug. 1 tariffs ‘will put more pressure’ on trade partners for deals
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Friday, May 23, 2025. Bloomberg | Bloomberg | Getty Images Treasury Secretary Scott Bessent said Monday that implementing high tariff rates on countries starting August 1 “will put more pressure on those countries to come with better agreements.” Bessent’s remarks […]
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CNBC Daily Open: The silver lining of positive earnings could be too blinding
People walk in front of a J.P. Morgan Financial Center in New York City, U.S., July 16, 2025. Kylie Cooper | Reuters Friday, Aug. 1 — the “hard deadline” of U.S. President Donald Trump’s updated tariffs — is less than two weeks away. Investors, however, seem mostly unbothered thus far. For last week, while the […]
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CNBC Daily Open: Solid earnings beats might mask tariff volatility these two weeks
A JPMorgan Chase & Co. Wealth Management sign in New York, U.S., on Thursday, July 10, 2025. Gabby Jones | Bloomberg | Getty Images Friday, Aug. 1 — the “hard deadline” of U.S. President Donald Trump’s updated tariffs — is less than two weeks away. Investors, however, seem mostly unbothered thus far. For last week, […]
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