US EditionTrump says his new high tariffs are going 'very well, very smooth' — but he's open to more deals
UNITED STATES, AUG 1 – Donald Trump confirms new high tariffs are advancing smoothly and signals willingness to negotiate further trade agreements to enhance economic outcomes.
- On Friday, the Institute for Supply Management reported its July PMI registered 48%, down one percentage point from June, indicating contraction.
- Factories worry about reduced demand from export markets, and tariffs’ inflation impact led to trimming headcounts, as the employment index fell to 43.4%.
- A 49.3% reading in July shows faster deliveries compared with 54.2% in June, according to the supplier deliveries index.
- However, new and backlog orders increased, signaling positive future indications as manufacturers view trade deals made by the Trump administration as leading to more stable conditions.
- Further data show the manufacturing sector’s index contracted to 48% in July from 54.2%, reflecting a broader downturn in operating conditions.
6 Articles
6 Articles
Trump Says New Tariffs Are Going ‘Very Smooth’
President Trump touted the expansive new tariffs on imports he imposed on global trading partners Thursday night, telling NBC News that it all was going “very well, very smooth.” He also said that it was “too late” for other countries to avoid tariff rates set to snap in place next week. But, he added, his door will always be open to compelling offers: “It doesn’t mean that somebody doesn’t come along in four weeks and say we can make some kind …
9:25 PM By building high tariff walls around the United States, Donald Trump is shaking up the global economic order. The White House's limited communication leaves it uncertain how much...
Trump on new tariff regulations: We're going very smoothly, very well - The president spoke to NBC News about the tariffs.
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