Trade
European Union in limbo as Washington keeps it waiting on a trade agreement
The European Union (EU) is stuck in limbo as uncertainty persists around when a trade agreement with the U.S. might be reached. The goal had been to agree on a framework by July 9, when a temporary reprieve from U.S. President Donald Trump’s “reciprocal” tariffs was initially meant to expire. The EU was seemingly still […]
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CNBC Daily Open: Wishing upon a meteor that tariffs won’t cause inflation
Containers sit at the Port of Los Angeles, in San Pedro, California, U.S., July 8, 2025. Daniel Cole | Reuters U.S. President Donald Trump announced Tuesday that copper and pharmaceutical imports will face tariffs of 50% and as high as 200%, respectively. Following the news, the S&P 500, which hit multiple record closes last week, […]
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Trump tariffs raise the specter of sharper economic downturn for South Korea and Japan
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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CNBC Daily Open: To bet on a meteor strike, or tariff-driven inflation?
Shipping containers are stacked on the Ever Magic container ship operated by Evergreen at the Port of Los Angeles on June 25, 2025 in Los Angeles, California. Mario Tama | Getty Images U.S. President Donald Trump announced Tuesday that copper and pharmaceutical imports will face tariffs of 50% and as high as 200%, respectively. Following […]
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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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