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Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Trump's New Trade Standard Takes Shape With 15% Tariff Deal
President Trump's push to introduce a new standard for global trade is coming into sharper focus as U.S. and EU officials converge on a possible 15% tariff deal, which could come on the heels of a similar agreement with Japan. Taken together, the two developments represent a turning point in months of global trade negotiations that have stoked uncertainty among investors and America's biggest trading partners.
Bloomberg
6 days ago
- Business
- Bloomberg
Gold Holds Drop as Haven Demand Eases on US Trade Deals Optimism
Gold held a decline as progress in talks between the US and key trading partners hurt demand for haven assets. Bullion traded near $3,390 an ounce — following a 1.3% loss in the previous session — after Bloomberg News reported the European Union could be ready to accept a 15% tariff on most of its goods going to the US. That followed a similar agreement with Japan that included a $550 billion investment pledge by the Asian country.
Yahoo
16-07-2025
- Business
- Yahoo
Trump Eyes Tariff Rate of 10% or 15% for More Than 150 Countries
(Bloomberg) -- President Donald Trump said he would send letters to more than 150 countries notifying them of tariff rates and that the levies imposed could be 10% or 15% as he forges ahead with his trade agenda. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say 'We'll have well, over 150 countries that we're just going to send a notice of payment out, and the notice of payment is going to say what the tariff' rate will be, Trump told reporters on Wednesday at the White House. 'It's all going to be the same for everyone, for that group,' Trump added, saying that the trading partners that would receive those letters were 'not big countries, and they don't do that much business.' In an interview with Real America's Voice broadcast later on Wednesday, Trump said the rate would 'be probably 10 or 15%, we haven't decided yet.' Trump in recent days has unleashed a barrage of tariff demands, informing other economies of new duties that will kick in on Aug. 1 if they cannot negotiate better terms with the US. The letters extended what was initially a July 9 deadline for another three weeks, setting off a frantic dash for trading partners looking to avoid higher levies. While Trump and his advisers initially expressed hopes of securing multiple deals, the president has been touting the tariff letters themselves as 'deals' and suggesting that he is uninterested in back-and-forth negotiations. Still, he has left the door open for countries to make agreements that could lower those rates. The rates imposed so far are largely similar to those Trump threatened in April and then quickly paused after market volatility, but the letters have injected further uncertainty into financial markets and surprised partners such as the European Union, which had been hoping to conclude tentative deals with the US. 'We could make a deal possibly with Europe. You know, it's, I'm very indifferent to it,' Trump said in the Real America's Voice interview, suggesting he saw the letter he sent the EU as a deal. Asked in the interview what he believed would happen with Canada, which is facing a 35% tariff on some goods in August, the president said it was 'too soon to say.' (Updates with additional Trump remarks in paragraphs 4, 8-9.) Forget DOGE. Musk Is Suddenly All In on AI How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All How Hims Became the King of Knockoff Weight-Loss Drugs Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot The New Third Rail in Silicon Valley: Investing in Chinese AI ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
14-07-2025
- Business
- Bloomberg
EU Plans to Engage More With Other Nations Hit by US Tariffs
The EU is preparing to step up its engagement with other countries hit by Donald Trump's tariffs following a slew of new threats to the bloc and other US trading partners, according to people familiar with the matter. The contacts with nations including Canada and Japan could include the potential for coordination, said the people, who spoke on condition of anonymity to discuss private deliberations.
Bloomberg
12-07-2025
- Business
- Bloomberg
Oil Market's Focus Shifts to Demand as Trump Reignites Trade War
While US President Donald Trump's chaotic tariff strategy has disrupted the oil market for months, his renewed attacks on trading partners this week have solidified consensus on at least one matter: The outlook for crude demand is set to worsen. Investors in oil had largely overlooked trade news for weeks as the conflict in the Middle East commanded price action, but Trump's recent barrage of tariff letters — containing some of the highest tax rates yet — is reviving concerns that a global trade war will reduce crude consumption.
