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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6841.52
6841.52
6841.52
6861.30
6840.77
+14.11
+ 0.21%
--
DJI
Dow Jones Industrial Average
48518.88
48518.88
48518.88
48679.14
48518.88
+60.84
+ 0.13%
--
IXIC
NASDAQ Composite Index
23226.50
23226.50
23226.50
23345.56
23210.04
+31.35
+ 0.14%
--
USDX
US Dollar Index
97.790
97.870
97.790
98.070
97.790
-0.160
-0.16%
--
EURUSD
Euro / US Dollar
1.17593
1.17600
1.17593
1.17596
1.17262
+0.00199
+ 0.17%
--
GBPUSD
Pound Sterling / US Dollar
1.34006
1.34014
1.34006
1.34014
1.33546
+0.00299
+ 0.22%
--
XAUUSD
Gold / US Dollar
4329.57
4329.98
4329.57
4350.16
4294.68
+30.18
+ 0.70%
--
WTI
Light Sweet Crude Oil
56.674
56.704
56.674
57.601
56.666
-0.559
-0.98%
--

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Share

Ukraine's Top Negotiator: Talks With USA Have Been Constructive And Productive

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The Nasdaq Golden Dragon China Index Fell 0.9% In Early Trading

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The S&P 500 Opened 32.78 Points Higher, Or 0.48%, At 6860.19; The Dow Jones Industrial Average Opened 136.31 Points Higher, Or 0.28%, At 48594.36; And The Nasdaq Composite Opened 134.87 Points Higher, Or 0.58%, At 23330.04

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Miran: Goods Inflation Could Be Settling In At A Higher Level Than Was Normal Before The Pandemic, But That Will Be More Than Offset By Housing Disinflation

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Miran, Who Dissented In Favor Of A Larger Cut At Last Fed Meeting, Repeats Keeping Policy Too Tight Will Lead To Job Losses

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Miran: Does Not Think Higher Goods Inflation Is Mostly From Tariffs, But Acknowledges Does Not Have A Full Explanation For It

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Toronto Stock Index .GSPTSE Rises 67.16 Points, Or 0.21 Percent, To 31594.55 At Open

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Miran: Excluding Housing And Non-Market Based Items, Core Pce Inflation May Be Below 2.3%, “Within Noise” Of The Fed's 2% Target

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Polish State Assets Minister Balczun Says Jsw Needs Over USD 830 Million Financing To Keep Liquidity For A Year

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Miran: Prices Are “Once Again Stable” And Monetary Policy Should Reflect That

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Fed's Miran: Current Excess Inflation Is Not Reflective Of Underlying Supply And Demand In The Economy

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Portugal Treasury Puts 2026 Net Financing Needs At 13 Billion Euros, Up From 10.8 Billion In 2025

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Portugal Treasury Expects 2026 Net Financing Needs At 29.4 Billion Euros, Up From 25.8 Billion In 2025

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Bank Of America Says With Indonesia's Smelter Now Ramping Up, It Expects Aluminium Supply Growth To Accelerate To 2.6% Year On Year In 2026

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Bank Of America Expects A Deficit In Aluminium Next Year And Sees Prices Pushing Above $3000/T

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Fed Data - USA Effective Federal Funds Rate At 3.64 Percent On 12 December On $102 Billion In Trades Versus 3.64 Percent On $99 Billion On 11 December

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Brazil's Petrobras Says No Impact Seen On Oil, Petroleum Products Output As Workers Start Planned Strike

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Statement: US Travel Group Warns New Proposed Trump Administration Requirements For Foreign Tourists To Provide Social Media Histories Could Mean Millions Of People Opting Not To Visit

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Blackrock: Kerry White Will Become Head Of Citi Investment Management At Citi Wealth

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Blackrock: Rob Jasminski, Head Of Citi Investment Management, Has Joined With Team

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          Canada, EU, Mexico Set To Be Hit With 30% To 35% Rates As Trump Amps Up Threats

          Michael Ross

          China–U.S. Trade War

          Summary:

          President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

          President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

          Trump announced a 35% tariff on Canadian goods late, claiming Canada had "financially retaliated" to earlier duties. He followed that up this weekend with promises of 30% duties on Mexico and the European Union.

          In an interview with NBC News published late Thursday, Trump also floated 15% to 20% blanket tariffs on most trading partners, higher than the 10% level currently in effect.

          The fresh tariff salvos capped a week in which Trump sent a barrage of tariff letters to over 20 trade partners, setting levels of 20% to 40% — except for a 50% levy on goods from Brazil in a move that waded into the country's domestic politics.

          Meanwhile, Trump also has confirmed 50% copper import tariffs from Aug. 1 to match steel and aluminum. Trump's copper tariffs are also set to include the kinds of materials used for power grids, the military and data centers, a Bloomberg report highlighted on Friday.

          As markets focus on US talks with key partners on possible deals, here is where things stand:

          ● Vietnam: Trump said a deal with Vietnam will see the country's imports face a 20% tariff — lower than the 46% Trump had threatened in April. He also said Vietnamese goods would face a higher 40% tariff "on any transshipping" — when goods shipped from Vietnam originate from another country, like China. According to reports, Vietnam's leadership was caught off guard by Trump's announcement last week that it agreed to a 20% tariff and is now seeking to lower the rate.

          ● India: Trump's tariffs on Brazil have raised the stakes for India, another member of the BRICS coalition. Bloomberg reported that the countries are working toward a framework deal that could see US tariffs on goods from India drop below 20%.

          Source: Yahoo Finance

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Trump Escalates Global Trade War with Sweeping Tariff Hikes on Canada, EU, Mexico and BRICS Nations

          Gerik

          Economic

          China–U.S. Trade War

          Broad-Based Tariff Surge Targets Allies and Emerging Powers Alike

          President Donald Trump has unveiled a wave of new tariffs, dramatically raising duties on imports from key allies and emerging markets in what appears to be a strategic escalation of his protectionist trade agenda. In a series of letters addressed to global leaders, Trump confirmed that imports from Canada, the European Union, and Mexico will face new tariffs ranging from 30% to 35%, set to take effect in early August. These latest measures expand on his earlier 10% tariff framework and hint at a broader reshaping of US trade relations.
          Canada, accused by Trump of engaging in “financial retaliation,” will now face a 35% tariff rate. Meanwhile, both the EU and Mexico are subject to 30% duties, despite ongoing negotiations. These announcements follow a week marked by rapid-fire tariff declarations, with Trump sending over 20 letters to trade partners, some proposing duties as high as 50%.

          Global Markets Brace for Cross-Sector Impact

          Trump’s tariff program is increasingly sector-specific and now includes a 50% levy on copper imports, matching previous rates applied to steel and aluminum. These tariffs are likely to affect key supply chains in power infrastructure, military procurement, and data center construction. With copper's industrial applications broad and deeply integrated into global production, this decision could have ripple effects across multiple advanced economies.
          Bloomberg reports that these copper duties represent more than a political message they could directly disrupt high-tech sectors and defense manufacturing, compounding the impact of the existing metal tariffs.

          Vietnam and India Caught in Strategic Crossfire

          The tariff offensive is not limited to North America and Europe. Vietnam, a critical trade partner in Southeast Asia, was surprised by Trump’s declaration that the country had accepted a 20% import tariff. While lower than the previously threatened 46%, this rate was not part of any formally signed agreement according to Vietnamese officials. Compounding the confusion, Trump warned of a 40% penalty on any “transshipped” goods referring to products that pass through Vietnam but originate in third-party nations, notably China.
          India also finds itself under growing scrutiny as the US imposes a 50% tariff on Brazilian imports, a move that could be extended to other BRICS nations. Talks between Washington and New Delhi are reportedly underway to secure a trade framework that might reduce Indian tariff exposure below the 20% level. However, the lack of transparency in the negotiation process has raised concerns among Indian policymakers and exporters.

          Strategic Pattern or Tactical Disruption?

          Trump’s pattern of making broad threats, only to revise or delay them later, has complicated the ability of markets and policymakers to anticipate actual implementation. However, the scale and specificity of the latest announcements suggest a more deliberate and sustained effort to reset global trade norms. The consistency of the August 1 effective date across multiple letters also raises the likelihood that these tariffs will indeed materialize.
          In interviews, Trump has floated the idea of applying 15% to 20% blanket tariffs on most US trading partners, indicating that this campaign may evolve into a generalized tariff regime far beyond targeted retaliation. While such measures would face legal and diplomatic pushback, they reflect a shifting baseline in US trade posture from bilateral deal-making to system-wide economic leverage.

          Rising Global Trade Fragmentation

          The escalation of tariffs across continents, sectors, and political blocs reveals a strategic pivot in US trade policy one that may have long-lasting implications. Markets are beginning to adjust to a more fragmented and politically driven trade environment. While negotiations with some nations remain open, the sheer breadth of announced tariffs signals an assertive US stance that could reshape trade flows, disrupt supply chains, and provoke retaliation.
          With less than three weeks until implementation, businesses, governments, and investors are on alert. Whether Trump’s threats will translate into action or follow the pattern of last-minute reversals will determine whether this marks a trade policy climax or merely another episode in a volatile global economic narrative.

          Source: Yahoo Finance

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Euro Dips as Markets Absorb Trump’s 30% Tariff Threat Amid Lingering Caution

          Gerik

          Economic

          Forex

          Muted Currency Response to Tariff Escalation

          Global currency markets opened the week with a restrained reaction following US President Donald Trump’s weekend declaration of 30% tariffs targeting European and Mexican imports. While the euro slipped to a three-week low and the Mexican peso edged lower, broader foreign exchange volatility was limited, reflecting both trader fatigue and cautious skepticism toward the likelihood of immediate enforcement.
          Trump made the tariff announcement via separate public letters addressed to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, emphasizing an August 1 implementation date. Both the EU and Mexico described the tariffs as unfair, disruptive, and detrimental to ongoing trade negotiations. Despite this, they reaffirmed their preference for dialogue, with the EU choosing to extend its suspension of countermeasures into early August.

          Limited Selloff in Euro and Peso Reflects Investor Caution

          In early Monday trading, the euro dropped 0.15% to $1.1675, its weakest level in three weeks. The US dollar rose 0.2% against the Mexican peso to 18.6630. These modest currency moves suggest investors remain hesitant to fully price in the geopolitical risk until confirmation of tariff execution emerges.
          Elsewhere, currency shifts were even less pronounced. Sterling moved only slightly lower to $1.3485, while the yen strengthened by 0.1% to 147.27 per dollar. The Australian dollar inched up 0.02%, and the New Zealand dollar slipped 0.07%, underscoring a broadly subdued environment.

          Resilience or Complacency in Currency Markets?

          Analysts are split on interpreting the market’s reaction. Taylor Nugent of National Australia Bank noted that investors may either be displaying resilience or underestimating the longer-term economic impact of these trade tensions. The lack of a selloff despite a clear tariff timeline has raised concerns that traders have grown desensitized after repeated delays and reversals in Trump’s tariff strategy.
          Complicating the outlook is the memory of the July 9 reciprocal tariff deadline, which passed without any new measures being implemented. As such, markets remain reluctant to price in dramatic dislocations until concrete actions are taken.

          Tariff Policy Entangled with Fed Independence Debate

          Adding to the uncertainty, Trump once again publicly criticized Federal Reserve Chair Jerome Powell, suggesting on Sunday that Powell’s resignation “would be a great thing.” This comment renews concerns about the independence of the Federal Reserve and introduces an additional layer of political risk that could weigh on monetary policy credibility.
          Investors are closely watching upcoming US inflation data due Tuesday, which could provide further clarity on the Federal Reserve’s policy path. Markets currently anticipate just over 50 basis points of rate cuts by year-end, but rising inflation or unexpected political developments may quickly alter that trajectory.

          China’s Growth Data Also in Focus

          Beyond the tariff and Fed narratives, investors are preparing for the release of China’s second-quarter GDP figures, also scheduled for Tuesday. With early signs of economic deceleration amid trade tensions and deflationary pressures, the data could reinforce concerns about global growth fragility, especially as the world’s second-largest economy continues to feel the weight of slowing industrial demand and strained bilateral ties with the US.
          Despite Trump’s latest trade threat, the currency market’s muted response reveals a wait-and-see attitude shaped by past policy volatility. The euro and peso have weakened slightly, but investors are reluctant to overreact ahead of clearer signals on implementation. Whether this calm reflects genuine resilience or market complacency will become clearer as the August 1 deadline approaches and as inflation and GDP data test the market’s tolerance for geopolitical and economic uncertainty.

          Source: Reuters

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Global Markets Waver as Trump’s 30% Tariff Decree Tests Investor Nerves

          Gerik

          Economic

          Tariff Escalation Poses a Renewed Market Stress Test

          Global financial markets, long accustomed to President Trump’s combative trade rhetoric, now confront a fresh credibility test. On Saturday, Trump escalated his campaign with a declaration that 30% tariffs on European and Mexican goods will take effect starting August 1. This announcement arrives at a time when markets have largely priced in political brinkmanship, assuming Trump would eventually backtrack as he often has in the past.
          Investors must now assess whether this latest move signals a true policy shift or is yet another negotiating tactic. JPMorgan CEO Jamie Dimon has previously warned of growing market complacency toward trade risks, and Trump's renewed threat appears designed to shock markets out of their assumption that tariff warnings are empty threats.

          Market Reactions Hint at Cautious Reassessment

          Early indicators in global currency markets reveal a subtle but noticeable change in sentiment. The dollar and the yen both traditional safe havens began to gain ground, while risk-sensitive currencies like the euro and the Australian dollar slipped. The euro, which had recently reached its highest level against the dollar since 2021, saw renewed weakness as traders reconsidered the region’s trade vulnerability.
          Similarly, the Mexican peso, which had touched a one-year high against the dollar on July 9, now faces pressure as the country becomes an explicit target of the new trade measures. While Mexican exports under the USMCA agreement are largely exempt, the psychological impact of the 30% tariff decree is considerable.
          Meanwhile, Bitcoin surged to a new record high above $119,000 on early Monday trading, possibly reflecting a hedge against growing economic uncertainty. This movement reinforces Bitcoin’s current role as a speculative safe haven in periods of monetary or geopolitical instability.

          Beyond Tariffs to Institutional Stability

          Markets are not only digesting tariff shocks. The Trump administration’s intensifying criticism of Federal Reserve Chair Jerome Powell has introduced an additional destabilizing factor. Reports suggest that some officials are building a legal framework to remove Powell from the Fed’s Board of Governors a move that would dramatically undercut central bank independence.
          Deutsche Bank strategist George Saravelos warned that forced removal of Powell could unleash sharp declines in the dollar and Treasury markets. A 3–4% drop in the trade-weighted dollar and a 30–40 basis point spike in Treasury yields would be plausible in such a scenario, according to his projections. The risk of politicized monetary policy, especially regarding the Fed’s swap lines with foreign central banks, would likely lead to a sustained increase in perceived market risk.

          Markets Grapple with Tariff Ambiguity

          Financial markets have struggled to model the risk associated with Trump’s tariff campaign, largely because of its inconsistency. Initial reactions to the April 2 “Liberation Day” tariff announcements included a sell-off in both equities and Treasuries. However, subsequent delays in implementation reversed those losses. The pattern has nurtured investor skepticism about follow-through, muting the typical negative reaction to protectionist measures.
          Trump’s weekend statement punctured optimism that a deal with the EU might be near. While he invited partners to continue negotiations, the letter left little room for immediate optimism. Some analysts, like Brian Jacobsen of Annex Wealth Management, argue that while markets may appear calm, they are underestimating the true severity of the threat. A 30% tariff is not merely symbolic it is a materially damaging policy for global trade flows.
          Yet, this ambiguity may also explain why reactions remain restrained. Gabriela Siller from Grupo Financiero Base noted that the market appears unconvinced that the August 1 deadline will be strictly enforced. Many suspect that the tariffs, even if formally announced, may not be fully collected or executed, as was the case with prior threats under the IEEPA framework.

          Suspended Between Complacency and Crisis

          As of now, investor psychology appears to balance between conditioned skepticism and emerging concern. Friday’s modest stock retreat from all-time highs, paired with the dollar’s strongest weekly gain since February, suggests a cautious but not yet panicked posture. Much hinges on whether additional US tariff actions actually materialize or are walked back in favor of negotiated adjustments.
          The potential dismissal of Powell or tangible enforcement of 30% tariffs would likely jolt markets into sharper repricing. Until then, sentiment remains suspended in ambiguity fragile, but not broken. The next two weeks will serve as a litmus test for whether financial markets continue to discount geopolitical escalation or begin pricing in the systemic risks of politicized trade and monetary policy.

          Source: Bloomberg

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Mexico’s Diplomatic Strategy Strained as Trump Escalates Tariff Threats

          Gerik

          Economic

          A Setback to Quiet Diplomacy

          Mexico's policy of diplomatic restraint and constructive dialogue with the US administration faces a critical test following President Donald Trump’s unexpected threat to impose 30% tariffs on Mexican exports. This announcement stunned Mexican negotiators, who had invested months building a cooperative rapport with Washington. Despite reassurances from US officials about Mexico’s role in border security and anti-narcotics efforts, Trump’s letter delivered a stark reversal, claiming that Mexico’s actions against drug cartels remain insufficient.
          The shift comes as Mexico had been banking on its collaborative image, emphasized by regular high-level visits to Washington and public goodwill gestures, to stave off harsh trade measures. Trump’s comments suggested that such goodwill, however sincere or strategic, may carry limited influence when weighed against his broader tariff agenda.

          Limited Room for Retaliation, High Stakes for Trade

          Though the proposed 30% tariff appears severe, its actual economic disruption may be limited in the short term. Bloomberg Economics notes that over 80% of US imports from Mexico were exempt from tariffs as of May, largely protected by provisions under the United States-Mexico-Canada Agreement (USMCA). Trump’s letter outlined that the new tariff would spare certified USMCA goods, preserving some continuity in trade.
          Nonetheless, the symbolic weight of this escalation matters. Mexico has deliberately taken a less confrontational tone than Canada, which received a similar 35% tariff threat. The Mexican government is keen to avoid retaliatory cycles that could damage its critical status as the United States’ largest trade partner.

          High-Level Engagement and Public Assurances

          On Saturday, the US Ambassador to Mexico, Ronald Johnson, attempted to smooth tensions by emphasizing the “wonderful relationship” between President Trump and President Claudia Sheinbaum. Speaking at a formal gala in Mexico City, Johnson stressed mutual respect and the importance of cooperation, asserting that “America First doesn’t mean America alone.” However, the contrast between such diplomatic remarks and the substance of Trump’s tariff threats has heightened confusion among policymakers and business leaders alike.
          Mexico continues to rely on high-level engagement as its primary tool. Minister Marcelo Ebrard has remained in Washington to pursue negotiations with the White House, the Office of the US Trade Representative, and the Department of Commerce. The Mexican Economy Ministry called the proposed tariff hike “unfair” and reiterated its commitment to finding a solution that preserves economic stability and employment across the border.

          Security Commitments Amid Trade Uncertainty

          The Mexican government has made visible efforts to address US concerns about drug trafficking. These include the extradition of major cartel figures, enhanced border busts, and a push for new legislation to intensify investigations into unsolved crimes. Mexico's security minister has played a leading role in bilateral meetings in Washington, aiming to demonstrate goodwill and proactive engagement.
          However, trust has been undermined by recent US actions targeting three Mexican financial institutions allegedly linked to drug-related money laundering. This parallel development has strained bilateral cooperation and complicated Mexico’s efforts to present itself as a reliable security partner.

          Strategic Response to Preserve Market Access

          Looking forward, analysts expect Mexico to continue pursuing a pragmatic and composed approach. According to Goldman Sachs’ Alberto Ramos, Mexican authorities are likely to maintain constructive engagement while showing some willingness to intensify measures against cartel-related activity. Their ultimate goal is to safeguard access to the US market under competitive terms and protect domestic industry from sudden shocks.
          The Economy Ministry’s statement reaffirmed this objective, noting that Mexico seeks an “alternative that allows us to protect businesses and jobs on both sides of the border.” This framing underscores the deeply integrated nature of the North American supply chain, in which disruptions to Mexican exports could have adverse effects on US companies and consumers as well.

          Stability Through Engagement or Confrontation?

          Mexico now finds itself navigating a precarious position. Its strategy of calm, proactive diplomacy has bought time and preserved important trade exemptions, but its long-term effectiveness is under question in the face of unilateral US actions. Whether this posture can continue to deliver results or whether a shift toward more assertive negotiation is necessary will depend largely on Trump’s next moves and the ability of Mexican officials to secure concrete assurances before the August 1 deadline.
          The coming weeks will determine if mutual economic interdependence can override political maneuvering, or if the escalation of tariffs will reshape US-Mexico trade dynamics in more adversarial terms.

          Source: Bloomberg

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          European Union Rallies Allies as Trump Tariff Threats Escalate

          Gerik

          Economic

          China–U.S. Trade War

          EU Seeks Strategic Coordination Amid Growing Tariff Risks

          The European Union is intensifying diplomatic engagement with nations similarly affected by the United States' escalating tariff policies under President Donald Trump. According to individuals close to the matter, this outreach includes advanced economies such as Canada and Japan, aiming to explore potential coordination in trade defense strategies. The move reflects growing anxiety within the EU over the stalled nature of negotiations with the US and the increasing scale of potential retaliatory measures.
          While discussions between Brussels and Washington continue, unresolved issues particularly on automobiles and agricultural tariffs have stalled progress. The EU’s member states were briefed on these developments on Sunday, as the timeline for resolution shortens.

          Temporary Suspension of Countermeasures Amid Extended Talks

          European Commission President Ursula von der Leyen announced a further extension of the suspension of retaliatory tariffs on the US, now delayed until August 1. This delay is designed to give one final window for negotiations. These countermeasures, originally adopted in response to Trump-era tariffs on EU steel and aluminum, had previously been paused and were scheduled to resume at midnight on Tuesday.
          Von der Leyen emphasized that the EU prefers a diplomatic outcome, but made clear that preparations for retaliation are ongoing. The EU’s current list of countermeasures targets approximately €21 billion worth of US goods, with an expanded list worth €72 billion being considered, including proposed export restrictions. These plans may be presented to member states early this week.
          Despite this, von der Leyen ruled out the immediate deployment of the EU’s anti-coercion instrument, which is regarded as its most powerful trade defense tool. While acknowledging its strategic value, she clarified that its use is reserved for more extreme scenarios. This position may reflect both tactical restraint and a desire to avoid preemptively escalating tensions.

          Rising Political Pressure Within the EU

          European leaders are increasingly voicing concern. French President Emmanuel Macron used social media to advocate for a faster rollout of robust countermeasures including the anti-coercion tool if talks do not yield results by August 1. Meanwhile, German Chancellor Friedrich Merz warned that a 30% US tariff could severely damage Germany’s export-driven economy. He underscored the need for European unity and emphasized ongoing direct communications with the US administration.
          Trump’s latest round of letters to US trading partners including Mexico and the EU outlined revised tariff proposals and an invitation to resume dialogue. While intended as leverage, this approach appears to have deepened skepticism in Brussels. A prior sense of optimism for a last-minute deal has now given way to renewed strategic caution.

          Negotiation Scope and Points of Contention

          Current proposals involve a baseline 10% US tariff on most EU goods, with limited exemptions in key sectors such as aviation and medical equipment. Brussels is simultaneously pushing for reduced tariffs on wines and spirits, and is attempting to soften the impact of 50% levies on steel and aluminum by negotiating product quotas.
          A major point of friction remains the proposed 17% US tariff on EU agricultural exports. The EU aims to cap this rate at 10%, rejecting more complex proposals such as an offset mechanism that would offer tariff relief in exchange for foreign direct investment in the US. EU officials reportedly fear such a system would disincentivize European production and accelerate industrial relocation to America.
          Talks have also explored broader trade themes including non-tariff barriers, strategic supply chain partnerships, and potential cooperation in areas of economic security. However, no proposal currently on the table would shield the EU from Trump’s announced sectoral levies on cars, car parts, metals, copper, pharmaceuticals, and semiconductors.

          Trade Outlook Remains Uncertain

          The European bloc finds itself in a delicate balancing act: maintaining negotiation momentum while preparing for a possible full-scale trade confrontation. This dual-track strategy extending diplomatic engagement and quietly developing punitive instruments mirrors the complex economic stakes involved. EU negotiators are aware that failing to act decisively could result in deep structural harm to the bloc’s key industries.
          Even if a limited deal is reached in the coming weeks, it may offer only partial relief. With the US intent on maintaining leverage through sector-specific duties, the EU continues to seek exemptions and preferential treatment. Whether these goals can be achieved before August remains uncertain, but what is increasingly clear is that the EU is bracing itself for a broader realignment of transatlantic trade dynamics in the months ahead.

          Source: Bloomberg

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          Trump's 30% Tariffs On Mexico And EU Imports

          Daniel Carter

          Economic

          Political

          Key Points:
          ● US President Trump's 30% tariffs on Mexico and EU imports.
          ● Experts warn of rising prices and potential economic downturn.
          ● Uncertainty impacts global markets and trade relationships.
          Donald Trump announced new 30% tariffs on Mexico and European Union imports effective August 1, 2025, raising broad concerns. Experts warn these tariffs could raise prices and fuel unemployment, affecting the US and global economies.
          The announcement of a 30% tariff on imports from Mexico and the European Union, set to commence on August 1, 2025, has drawn significant attention. President Donald Trump, known for using tariffs as a policy tool, announced the move without immediate detailed justification, although they have often served broad policy purposes in the past.

          US Tariff Hike Sparks Global Economic Concerns

          Experts speculate about potential economic impacts, with Mary Lovely of the Peterson Institute for International Economics suggesting it could trigger a recession, reducing consumption and closing the trade deficit. Stock and bond markets have reacted negatively, reflecting investor unease over rising risks associated with US financial assets.
          Key figures like Alan Sykes from Stanford express doubts about the US's credibility in future negotiations, while industry experts from the Brookings Institution also highlight the complexity and unforeseen consequences of the tariffs, indicating the lack of a clear strategic framework.
          "It could trigger a recession, in which case we will see the trade deficit close because our consumption will fall. That’s really not the policy that anybody, I’m sure, even including the Trump administration, wants to see." Mary E. Lovely, Senior Fellow, Peterson Institute for International Economics.

          Cryptocurrency and Market Impact Amid Tariff Announcements

          Did you know? US tariffs during the 2018–2020 trade war led to notable short-term volatility in major cryptocurrencies, with BTC experiencing increased safe-haven inflows.
          Bitcoin, trading at $117,790.43, exhibits a market cap of $2.34 trillion and dominance at 63.73%, according to CoinMarketCap. Its 24-hour trading volume has decreased by 31.63% to $41.75 billion while the price dropped 0.28% over the same timeframe.

          Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 10:59 UTC on July 13, 2025.

          Researchers indicate potential fallout, such as inflation and recession if tariffs provoke retaliatory action from trading partners. While crypto markets show minimal volatility linked to such macro events now, the absence of specific moves reflects a broader cautious investor climate.

          Source: CryptoSlate

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
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