Trade
Trump says he will impose 50% tariff on copper imports
US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on July 8, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump said he will impose a 50% tariff on copper imports on Tuesday, and suggested more steep sector-specific duties are on the […]
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White House: Odds of tariff-related inflation are low, like ‘pandemics or meteors’
A top White House economic advisor on Tuesday likened the odds that President Donald Trump’s tariffs will lead to higher prices to those of a meteorite striking earth. “Rare events happen. We get pandemics or, or meteors or whatever,” said Stephen Miran, chairman of Trump’s Council of Economic Advisers, on CNBC’s “Squawk Box.” But “there’s […]
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Global stock markets are calling Trump’s bluff on tariffs
WASHINGTON, DC – JULY 7: An aide picks up a page from a letter to Japan and South Korea, signed by U.S. President Donald Trump, announcing 25% tariffs beginning on August 1st, during the daily press briefing in the Brady Press Briefing Room at the White House on July 7, 2025 in Washington, DC. Andrew […]
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Australia unexpectedly holds policy rate as it awaits more inflation data
The Reserve Bank of Australia building in Sydney on May 2, 2022. Brendon Thorne | Bloomberg | Getty Images Australia’s central bank held its policy rate at 3.85%, saying it needed more time to assess inflation data. Economists polled by Reuters had been expecting a cut of 25 basis points to 3.6%. In its statement […]
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CNBC Daily Open: Tariff letters from Trump, like those of lovers, seem to signify little
U.S. President Donald Trump and First Lady Melania Trump on the South Lawn of the White House on July 4, 2025, in Washington, DC. U.S. Eric Lee | Getty Images News | Getty Images Paramours wanting to court each other have, through the decades, moved on from love letters to Instagram DMs. But some form […]
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CNBC Daily Open: Trump’s tariff letters set the heart racing, but don’t seem to promise anything new
U.S. President Donald Trump and First Lady Melania Trump share a kiss as they watch fireworks during a Fourth of July celebration at the White House on July 4, 2025 in Washington, DC, U.S. Eric Lee | Getty Images News | Getty Images Paramours wanting to court each other have, through the decades, moved on […]
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Trump administration teases more trade deals, but shifting tariff deadlines raise more questions
Treasury Secretary Scott Bessent on Monday said the Trump administration will make “several” trade-related announcements in the next 48 hours, signaling imminent progress even as U.S. tariff deadlines appear to be shifting. Speaking on CNBC’s “Squawk Box,” Bessent also declined, yet again, to rule out the possibility that he could serve as the next chair […]
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BRICS summit opens in Brazil, overshadowed by Trump’s tariff policies and Middle East tensions
Brazil’s President Luiz Inacio Lula da Silva, China’s Premier Li Qiang, India’s Prime Minister Narendra Modi, South Africa’s President Cyril Ramaphosa, Russia’s Foreign Minister Sergei Lavrov and other leaders, attend the opening meeting of BRICS Summit, at the Museum of Modern Art (MAM) in Rio de Janeiro, Brazil, on July 6, 2025. Ricardo Moraes | […]
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Trump’s tariffs deadline is looming for Europe. Here’s where things stand
Cargo shipping containers wait to be loaded by cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025. Fabian Bimmer | Afp | Getty Images All eyes are on talks between the U.S. and the European Union, which have yet to strike a trade deal […]
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Trump’s Vietnam pact takes aim at China — but it raises more questions than answers
Thai Son S.P. Co. garment factory in Thu Duc, Ho Chi Minh, Vietnam, on June 21, 2025. Daniel Ceng | Anadolu | Getty Images U.S. President Donald Trump announced a trade pact with Vietnam on Wednesday, but its scant details have left economists wondering about what it would mean for the flow of Chinese goods […]
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