Trade
Trump rekindles global trade tensions with sweeping new tariffs
Mexico welcomes trade talks extension Mexico welcomed news it was granted a 90-day reprieve on a U.S. boost to tariffs to 30% on many goods, to allow for further negotiations. “We avoided the increase of tariffs announced for tomorrow and we prevailed with 90 days to build a large-scale agreement based on dialogue,” Mexican President […]
Read More
How Asian countries are reacting to Trump’s latest tariffs announcement as deadline looms
President Donald Trump speaks alongside Secretary of Commerce Wilbur Ross. Saul Loeb | AFP | Getty Images U.S. President Donald Trump on Thursday stateside rejigged the so-called “reciprocal” tariff rates for several countries, ahead of the Friday deadline announced earlier. The White House also announced a 40% tariff rate for all goods transshipped to avoid […]
Read More
CNBC Daily Open: Trump’s (new) new tariff rates are here (again)
US President Donald Trump points as he speaks after signing an executive order restarting the Presidential Fitness Test in public schools in the Roosevelt Room of the White House in Washington, DC, on July 31, 2025. Jim Watson | AFP | Getty Images The first time U.S. President Donald Trump unveiled his “reciprocal” tariffs on […]
Read More
Tariff turmoil: How global CEOs are shifting gears
Trade tensions are rising, forcing top executives to rewrite the rulebook on how their companies operate, where they invest and what customers buy. In interviews with CNBC this earnings season, CEOs across industries — from aluminum and aerospace to chocolate, banking, telecoms, and energy — sent a clear message: tariffs are no longer just a political […]
Read More
Trump’s trade agenda is on the line as appeals court hears arguments in key tariffs case
President Donald Trump holds a chart as he announces a plan for tariffs on imported goods during an event April 2, 2025, in the Rose Garden at the White House. Demetrius Freeman/The Washington Post via Getty Images A federal appeals court on Thursday is hearing arguments on whether to kneecap President Donald Trump’s global tariff […]
Read More
Treasury Secretary Bessent says ‘we have the makings of a deal’ with China
Treasury Secretary Scott Bessent on Thursday expressed confidence that the U.S. and China are on the way to trade pact as a key tariff deadline nears. “I believe that we have the makings of a deal,” Bessent said during an interview on CNBC’s “Squawk Box.” “There’s still a few technical details to be worked out […]
Read More
CNBC Daily Open: Is India the first to face Trump’s ‘secondary’ tariff on Russia?
India’s Prime Minister Narendra Modi (L) attends a meeting with US President Donald Trump during the G20 Osaka Summit in Osaka on June 28, 2019. Brendan Smialowski | AFP | Getty Images In the frenzied run-up to Friday, Aug. 1 — the day when U.S. President Donald Trump’s new tariffs come into effect (no more […]
Read More
The EU-U.S. trade deal dented euro strength. Strategists say that may not last
The euro has tumbled more than 2% against the U.S. dollar since the European Union struck a framework trade deal with the White House over the weekend, raising questions over whether its massive rally this year against the greenback has run its course. However, market watchers told CNBC that while the euro may have further […]
Read More
Trump’s tariff deadline is near. Here’s a look at countries that have a deal — and those that don’t
U.S. President Donald Trump calls on a reporter during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House on July 22, 2025, in Washington, D.C. Chip Somodevilla | Getty Images News | Getty Images Come Friday, the world will have to contend with higher tariff rates from the […]
Read More
CNBC Daily Open: The tariff rate you get is not just about your trade policies
US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images In the frenzied run-up to Friday, August 1— the day when U.S. President Donald Trump’s new tariffs come into effect (no […]
Read More