See every side of every news story
Published loading...Updated

Peso Advances as Trump Signals Tariff Flexibility - BusinessWorld Online

UNITED STATES, JUL 8 – Tariffs up to 40% target 14 countries as part of US efforts to pressure trading partners for better deals, with some duties delayed to August 1, officials said.

  • US President Donald Trump announced higher tariffs on multiple countries, including 40% on Myanmar and Laos, but remains open to further negotiations, postponing the increase until at least August 1.
  • Despite the tariffs, Asian shares rose, reflecting optimism that Japan and other countries may negotiate deals to prevent economic disruption.
  • Negotiators from India conveyed that they submitted their best trade offer, with the outcome now depending on Trump's decisions regarding negotiations.
  • Japan's Prime Minister Shigeru Ishiba confirmed ongoing discussions with the US to establish a beneficial bilateral trade agreement.
Insights by Ground AI
Does this summary seem wrong?

12 Articles

All
Left
2
Center
2
Right
4
Lean Left

PoliticsGerman exports will collapse massively in May – the US in particular will order significantly less. The blame is the threat of punitive tariffs, political uncertainty and falling demand from China.

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Right
50% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Straits Times broke the news in Singapore on Monday, July 7, 2025.
Sources are mostly out of (0)