Trump's trade deal with EU
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Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a clear path forward to avert tariffs from skyrocketing back to ultra-high levels that formed an effective blockade on trade between the world’s two largest economies.
Smith: It’s well known that trade is essential for the health of American agriculture. Parum: Over 20 percent of what we grow is sold overseas, and every $1 in agricultural exports generates $2 at home. So, that's jobs, incomes, and opportunities for rural communities.
TACO or tariffs? An August 1 deadline looms after the European Union became the latest of the top US trading partners to reach a deal with Trump.
The economy was supposed to crumble. The trade war was expected to escalate out of control. Markets were forecast to plunge. None of that has happened. But Trump’s early trade victory may be short-lived.
Oil prices rallied Tuesday as the U.S.-European Union trade agreement “averts a broader tariff war” and as U.S. and Chinese officials meet in Stockholm to try to de-escalate trade tensions, said Brian Swan,
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The dollar hit a one-month high versus the euro on Tuesday in the wake of a string of trade agreements between the United States and its major trade partners, while markets await interest rate decisions from the Federal Reserve and the Bank of Japan.
The Trump administration’s trade agreements with a handful of countries are helping Americans feel somewhat more confident about the economy’s health and its future.
President Donald Trump’s announced series of preliminary trade agreements are likely to put downward pressure on the U.S. dollar (DXY) over time, according to Goldman Sachs. “The deals have been generally consistent with our economists’ expectations for a reset higher in the baseline tariff rate offset by some key reductions in sectoral tariffs,