US and EU announce a trade framework
Digest more
European Union, deal and Tariff
Digest more
Trump, Tariff and Countries
Digest more
US, China Start 2nd Day of Talks for Tariff Truce Extension
Digest more
TOKYO (Reuters) -Japan's leading trade negotiator said on Tuesday that the trade deal Tokyo agreed with the United States last week guarantees Japan will always receive the lowest tariff rate on chips and pharmaceuticals of all the pacts negotiated by Washington.
Dutch healthcare technology company Philips slashed its estimated tariff impacton Tuesday after the United States and the European Union agreed a trade dealthat imposes a 15% rate on most goods imported from Europe.
Explore more
A big winner from the market volatility sparked by President Trump's tariffs: traders at Barclays. Income from the U.K. bank's markets business jumped 26% in the second quarter from a year earlier in sterling terms.
President Trump reached an agreement to impose 15% tariffs on the European Union, with a few exceptions for key industries like aircrafts, semiconductor equipment and certain chemicals. Bloomberg News Anchor and Correspondent David Gura joins Ana Cabrera to break down the implications the new tariff rate could have on Americans.
Procter & Gamble on Tuesday forecast annual results largely below estimates and said it would raise prices on some products in the U.S., a day after naming insider Shailesh Jejurikar as CEO to steer it through tariff uncertainty.
While families are planning to spend less on back-to-school shopping this year, the National Retail Federation predicts consumers will spend a total of $39.4 billion this year compared to $38.8 billion last year.
On August 1, hundreds of countries will come to learn their fate with the United States, when President Donald Trump’s pause on “reciprocal” tariffs ends. But businesses say planning has proven near impossible after months of whipsaw trade policy.
A new tariff simulator shows Chinese exports to the US could plummet without a trade deal, and be redirected towards Southeast Asia and Russia.