US EditionWall Street Is Calling Trump’s Bluff
THAILAND, JUL 8 – President Trump set tariffs ranging from 25% to 40% on imports from seven countries to counter unfair trade practices and protect U.S. economic interests, effective August 1.
- On July 7, President Trump sent letters announcing plans to impose 25% tariffs starting August 1 on imports from several countries, including Japan, South Korea, Malaysia, and Kazakhstan, while also setting higher rates for South Africa, Laos, and Myanmar amid ongoing trade disputes.
- The tariffs follow a 90-day postponement from April aimed at encouraging trade deals, with the current deadline for negotiations set for August 1 after extensions made by the administration.
- Almost all U.S. imports now face minimum 10% tariffs, and earlier tariff announcements caused a sell-off on Wall Street and declines in bond markets, although stocks have since recovered to record highs.
- Trump’s letters state that the U.S. may adjust tariff levels depending on bilateral relations and warn any tariff hikes by others will be added to current threatened levels.
- The looming tariffs and potential inflation increases could erase market gains, while legal challenges and negotiations continue to affect economic uncertainty up to the August 1 tariff implementation date.
110 Articles
110 Articles
Daily Journal
Wall Street is mixed amid Trump's new tariff deadlines
Wall Street is opening mixed as investors shrug off a new U.S. tariff deadline. The S&P 500 was flat in early trading Tuesday. The Dow Jones Industrial Average slipped 47 points, or 0.1%, and the Nasdaq composite edged up 0.2%.…
Prince George Citizen
Wall Street opens mixed amid Trump's new tariff deadlines
NEW YORK (AP) — THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Wall Street was mixed in quiet trading early Tuesday as markets appeared to shrug off new tariff deadlines for U.S. trading partners.
What tariffs? World markets tick up as Trump deadline looms
World shares mostly rose Tuesday, with financial markets shrugging off U.S. tariff pressures on its trading partners. In early European trading, Germany’s DAX rose 0.2% to 24,112.38. Britain’s FTSE 100 edged 0.2% higher to 8,822.09. France’s CAC 40 shed 0.1% to 7,716.19. The futures for the S&P 500 added 0.1% . The futures for the Dow Jones Industrial Average shed 0.1%. In Asia, Japan’s Nikkei 225 added 0.3% to 39,688.81 while South Korea’s Kosp…
readingeagle
Wall Street mixed early as markets shrug off Trump’s new tariff deadlines
By TERESA CEROJANO and MATT OTT, Associated Press Wall Street was mixed in quiet trading early Tuesday as markets appeared to shrug off new tariff deadlines for U.S. trading partners. Futures for the S&P 500 added 0.1% before the bell, while futures for the Dow Jones Industrial Average shed 0.1%. Nasdaq futures rose 0.2%. Markets tumbled Monday after President Donald Trump set a 25% tax on goods imported from Japan and South Korea and new tariff…
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