Geopolitics
The U.S. and China Agree to Slash Tariffs
The cuts are on $60 billion worth of goods - but, crucially, soybeans aren't included.
Topic
Cuts-tariffs
We are not tracking “cuts-tariffs” as a topic yet, so here are the stories that mention it.
Consumer
Walmart plans price cuts using tariff refunds as shoppers get skittish
Now that the U.S. government must refund most tariffs, Walmart says it might put its refund money toward lowering store prices. Executives say the cost of gas…
Macro
What Mohamed El-Erian said about Fed rate cuts, the economy, AI, and tariffs
What Mohamed El-Erian said about Fed rate cuts, the economy, AI, and tariffs
Geopolitics
Italian pasta makers win reprieve from Trump tariffs
US cuts proposed levies to between 2% and 14% despite accusing Italian producers of selling at unfairly low prices. The US government has slashed proposed tari…
AI
Big corporations are booming on AI and record profits - but small businesses face tariffs, rising costs, and job cuts, widening America's economic divide
The economic fortunes of low- and high-income Americans are diverging. The same pattern is happening with companies.
Geopolitics
US Cuts South Korean Auto Tariffs To 15% In Response To Strategic Investment Legislation
U.S. Commerce Secretary Howard Lutnick has confirmed a substantial cut in the general tariff rate on imports from South Korea, including automobiles, to 15%. S…
Geopolitics
Trump cuts tariffs on beef, coffee, bananas and other food imports
President Trump exempted foods like beef and bananas from his sweeping country-by-country tariffs on Friday.
Geopolitics
Trump cuts tariffs on goods like coffee, bananas and beef in bid to slash consumer prices
Trump's action also exempted black tea, green tea, tomatoes, avocados and cinnamon, among other products, from higher tariffs.
Geopolitics
US, China clinch one-year trade truce, cut tariffs in rare earth deal
The U.S. and China have agreed to a one-year trade truce that cuts tariffs, resumes U.S. soybean purchases and keeps rare earths exports flowing. The post US,…
Geopolitics
Trump cuts fentanyl tariffs on China to 10% as Beijing delays latest rare earths curbs by a year
Trump said he will be going to China in April, followed by a trip by Xi to the U.S. without specifying a timeline.
Geopolitics
Trump cuts tariffs on China after 'truly great' meeting with Xi
China's leader agreed to delay restrictions on rare earth minerals for a year and buy more soybeans, Trump said after a meeting designed to calm trade tensions.
Autos
European Union to remove tariffs on U.S. industrial goods, triggering cuts for EU autos
The European Union plans to remove tariffs on U.S. industrial goods as it looks to ensure Washington cuts duties on auto imports as soon as possible.
Autos
Toyota reports a 37% drop in profit, cuts its forecast due to Trump's tariffs
Toyota has reported its profit plunged 37% in the April-June quarter and it lowered its full year earnings forecasts, largely because of President Donald Trump…
Commodities
Molson Coors cuts earnings outlook because of aluminum tariffs and a slowing economy
Molson Coors cuts its full-year earnings outlook, citing economic pressures on the consumer and aluminum tariffs, and the stock falls.
Autos
Ford shares slide as automaker takes $800M hit from tariffs, cuts profit forecast
Ford recorded a net loss for the quarter of $36 million, which it said was primarily due to special charges related to cancellation of a three-row electric SUV…
Macro
Higher Tariffs Might Not Be High Enough to Spur ECB to Further Rate Cuts
The 15% tariff that will apply to most of Europe's exports to the U.S. is larger than ECB economists assumed it would be back in June.
Geopolitics
Today in tariffs: VW cuts guidance as LG Electronics profit falls on weak TV sales
A string of global companies, among them Volkswagen and LG Electronics, have been the latest to report back to investors just how U.S. tariff strains have been…
Autos
Volkswagen cuts guidance after taking $1.5 billion hit from U.S. tariffs in first half
Europe's biggest carmaker posted a sharp drop in second-quarter profit, primarily due to high costs from increased U.S. import tariffs.
Macro
Senate set to debate cuts to NPR today. And, the effects of tariffs on inflation
The Senate voted yesterday to advance debate on a package to claw back funds allocated for public broadcasting and foreign aid. And, a report shows inflation i…
