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Trump's New Trade Standard Takes Shape With 15% Tariff Deal
Trump's New Trade Standard Takes Shape With 15% Tariff Deal

Wall Street Journal

time24-07-2025

  • 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.

Gold Holds Drop as Haven Demand Eases on US Trade Deals Optimism
Gold Holds Drop as Haven Demand Eases on US Trade Deals Optimism

Bloomberg

time24-07-2025

  • 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.

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