US EditionTrump's Tariffs, Agenda Face Skepticism as Approval Ratings Dip
UNITED STATES, JUL 20 – Commerce Secretary Lutnick confirmed that tariffs starting Aug. 1 will impact major economies and could generate up to $400 billion in new export opportunities, despite public opposition.
- That’s a hard deadline, Lutnick said, as the U.S. sends letters to trading partners informing them of new tariffs effective August 1.
- Having shifted deadlines repeatedly, he’s now enforcing a firm August 1 tariff implementation to address trade deficits.
- Some analysts caution that the approaching tariff deadline has yet to dent market sentiment, while analysts warn about potential price hikes and inflation.
- Lutnick noted that the U.S. has secured tariff agreements with select partners and set baseline rates for smaller nations to shape trade talks.
- Looking ahead, Commerce Secretary Howard Lutnick projected the tariffs could yield $300–$400 billion of opportunity and boost GDP by up to 1.5%, expanding export markets.
70 Articles
70 Articles
Brics would end quickly if they 'ever form in meaningful way': Trump
US President Donald Trump on Friday repeated his threat to slap a 10% tariff on imports from members of the Brics group of developing nations and said the group would end very quickly if they ever formed in a meaningful way.
The Killeen Daily Herald
Trump's tariffs deadline casts shadow over European shares
Stock markets diverged on Monday, as traders in the United States and Asia focused on upbeat corporate news but those in Europe braced for US President Donald Trump's August 1 deadline for ramped-up tariffs.
Gaming Out How the World Might React to Trump’s Tariffs
The world is watching and waiting to see just how President Donald Trump chooses to deliver on his threats to increase tariffs Aug. 1. That implies a certain helplessness outside the US. And yet how the rest of the world reacts to what is already the biggest turn in American protectionism since 1930 may end up defining the consequences for the global economy as much as Trump’s salvos.
30% US tariffs would cut exports by 38 bn- Confindustria
The CSC research unit of industrial association Confindustria said in a report on Monday that, if the US were to impose 30% tariffs on EU goods with the current euro-dollar exchange rate, Italian exports to the United States would fall by 38 billion euros,... (ANSA)
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