Trade
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 […]
Read More
White House releases U.S.-Indonesia trade deal framework, final talks underway
The U.S. and Indonesia agreed to the framework of a trade agreement which would see Jakarta scrap most of its tariffs on American imports, the White House revealed in a joint statement Tuesday afternoon. U.S. tariffs on Indonesian imports would be set at 19% under the deal, which is described in the release as an […]
Read More
Trump says U.S. struck trade, military deal with the Philippines; Manila has not confirmed
President Donald Trump said Tuesday that the U.S. has “concluded” a trade deal with the Philippines that includes a 19% tariff on goods imported from the southeast Asian country. Manila will not impose tariffs on U.S. goods as part of the deal, according to Trump, who praised the country for what he described as “going […]
Read More
Bessent says Aug. 12 China tariff deadline likely to be extended, talks planned in Stockholm
US Secretary of the Treasury Scott Bessent, left, speaks with Chinese Vice Premier He Lifeng, right, during a bilateral meeting between the United States and China, in Geneva, Switzerland, on Saturday, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters Treasury Secretary Scott Bessent on Tuesday said that he is likely to hash out an extension […]
Read More
These charts show just how hard Trump’s tariffs are hitting Europe’s auto giants
This photograph shows the front logo of a car at the new Citroen C5 Aircross’ production line in the Stellantis car maker plant in Chartres-de-Bretagne, near Rennes, western France, on July 3, 2025. Damien Meyer | Afp | Getty Images U.S. President Donald Trump’s tariffs on European car imports were always expected to hit hard […]
Read More
How boycotts on American products and travel are impacting the U.S.
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email In response to U.S. tariffs and President Trump’s policies, 71% of Canadian consumers say they intend to buy fewer American products this year, according to retail data consulting firm Dunnhumby. That’s having an impact. The US economy could lose up to 0.3% […]
Read More
Clout wars: Jensen Huang eclipses Elon Musk and Tim Cook in Washington
U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC. Andrew Harnik | Getty Images The China-U.S. trade war in the first Donald Trump administration saw Apple CEO Tim Cook go […]
Read More
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 […]
Read More
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 […]
Read More
U.S. firms scramble to secure rare-earth magnets — imports from China surge 660%
Annealed neodymium iron boron magnets sit in a barrel at a Neo Material Technologies Inc. factory in Tianjin, China on June 11, 2010. Bloomberg | Bloomberg | Getty Images China’s exports of rare-earth magnets to the United States in June surged more than seven times from the prior month, as American firms clamor to get […]
Read More