India-US trade deal: US president Donald Trump on Wednesday announced that India will have to pay 25 per cent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from Russia. The 25% tariff rate announced for India is 1% less than the 26% declared by Trump in his April 2 ‘Liberation Day’ conference.
US Trade Policy
Copper Prices Bounce Back Due to Tariff Worries
Copper prices rise above $4.85 per pound as fears of new tariffs on steel, aluminum, and possibly copper grow. Learn why investors are concerned and how China’s economy plays a role.
Fed policymakers express concerns over economic and business sentiment
Federal Reserve: During a discussion panel hosted by the Federal Reserve (Fed) Bank of Atlanta, the San Francisco and Cleveland Fed Bank Presidents Mary C. Daly and Beth Hammack both took the opportunity to express concern about the current state of the US economy. While economic data remains firm, US trade policy has made many consumers and businesses increasingly sour. Atlanta Fed President Raphael Bostic also participated in the event, adding to his previous comments made on Tuesday.
Extreme volatility sends US stocks on a roller coaster ride as Wall Street is rattled by tariffs
US stocks mostly fell after an extremely volatile day Monday — tumbling, surging and then bouncing around in every direction, as traders searched for any sign that President Donald Trump’s tariffs could be negotiated or halted.
The Double Standards of US Trade Policy
Gold Silver Reports (GSR) – The Double Standards of US Trade Policy — A high-profile US trade delegation appears to have returned empty-handed from its mission in China. The result is hardly a surprise, given the scale and one-sided nature of the US demands. The Americans pushed for a wholesale remaking of China’s industrial policies and intellectual property rules, while asking China’s government to refrain from any action against Trump’s proposed unilateral tariffs against Chinese exports.