The former U.S. president highlighted the efforts by his administration to strengthen the North Atlantic Treaty Organization, a military alliance comprising primarily countries from North America and Europe.
Analysts suggest that Japanese carmakers may eventually raise U.S. prices more significantly if tariffs persist, although any increases are expected to be phased in gradually over several years.
The transshipment levy would deal a blow to products with components from countries that would require only minimal final assembly before being exported to the U.S.
Major U.S. policy changes slash SNAP and Medicaid while introducing "Trump Accounts" for newborn investors. Explore how ETFs may be impacted across sectors.
The Treasury Secretary also called out the Federal Reserve for having “tariff derangement syndrome”, echoing President Trump’s attacks on Fed Chair Jerome Powell.
President Donald Trump said “trillions of dollars” are now being invested in the U.S., adding that the “Big Beautiful Bill” will be one of the “most successful” pieces of legislation to ever be passed.
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The sharpest job cuts were concentrated in the service sector. Professional and business services saw a decline of 56,000 roles, while education and health services lost 52,000 roles.
On Tues, U.S. markets closed mixed w/ S&P 500 & Nasdaq down due to large-cap tech stocks, while Dow gained. Volatility high, data supported Fed's stance. Asia markets vary, Europe up, commodities steady, U.S. futures and dollar index rise.
The trigger for the recent escalation has been Tesla CEO’s antagonistic stance against Trump’s “one big beautiful” tax bill, which has since then passed the Senate.
The focus will likely be on ADP’s private payrolls data for June, which is widely expected to rebound to 100,000 compared to the 37,000 jobs added in May.
