A trade deal between Brazil and the United States could be sealed within days, Brazilian President Luiz Inacio Lula da Silva has asserted. Lula made the statement in Kuala Lumpur on Monday after meeting with US President Donald Trump. Lula has been seeking a deal since the White House slapped a 50 percent tariff on Brazilian exports in July due to legal pressure on Trump ally and former President Jair Bolsonaro.
Mexico is facing a crucial week for its economy. Thursday marks the end of the 90-day deadline that U.S. President Donald Trump gave the Mexican government to evaluate their trade relationship and define the tariffs that will remain in place between them. The Latin American country is the United States' main trading partner; however, it has failed to contain the protectionist onslaught that Trump has launched globally.
The 11 member nations collectively export more to the US than China, making them an important trading partner and also highly vulnerable to Trump's tariff regime. The US president secured pledges from Vietnam to dramatically increase its US purchases, and signed deals with Malaysia and Thailand on a framework to diversify critical minerals supply chains. The four countries also pledged to remove trade barriers and provide preferential market access to various US goods.
Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,
Top U.S. and Chinese officials met in Malaysia on Saturday to lay the groundwork for a summit between Donald Trump and Xi Jinping, with some on Wall Street saying Beijing overplayed its hand by imposing draconian restrictions on rare earth exports. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held negotiations that the U.S. characterized as constructive. But sources told the Financial Times China was reluctant to ease the export controls.
The average U.S. price of a pound of ground coffee hit $9.14 in September, a 3% increase from the August average of $8.87 and 41% higher than in September 2024, according to U.S. government figures. Coffee prices have been increasing sharply since the start of this year. Consumer prices for food purchased for home use and away from home were 3% in September compared to the same month a year earlier, the U.S. Labor Department reported Friday. The consumer price index, which measures a broader sample of all coffee products, including instant coffee, showed U.S. coffee prices up 19% from September 2024 and flat compared to August.
German sports car maker Porsche sunk to a third-quarter loss of almost €1 billion ($1.16 billion), the firm said Friday, as it grappled with the costs returning to petrol and delaying its electric vehicle (EV) rollout. Operating profit -- which strips out some costs such as tax -- fell to €40 million for the first nine months of the year. Porsche said in July it had made an operating profit of €1.0 billion since the start of the year,
Southeast Asia and its China Plus One' supply chain are feeling the fallout from the US trade war. Southeast Asia was one of the biggest winners from United States President Donald Trump's trade war with China in 2018, luring manufacturers to the region to avoid new tariffs on Chinese goods. It benefitted from investment, tax revenues and technology transfers that came with the expanding China Plus One supply chain concept.
When someone says, "Let's impose tariffs on foreign imports," it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes for a short while, it works - but only for a short time. But over the long run, such trade barriers hurt every American worker and consumer. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars.
Most investors treat tariff headlines like weather reports, something to grumble about and then ignore. On the other hand, Jim Cramer has never been shy about pounding the table when he smells a bargain and has his eye on two tariff-hit stocks. His logic is that if a good business is knocked down for a macro reason that does not touch its fundamentals, it's worth buying.
featuring former US President Ronald Reagan has set off new tensions between Washington and Ottawa, which already had icy relations over President Donald Trump's tariff policy. In a post on Truth Social on Thursday night, Trump claimed that the advertisement which shows Reagan, a fellow Republican, speaking negatively about tariffs as an economic policy was fake. He cited comments by the Ronald Reagan Foundation that described the clip of the former president used in the commercial as doctored.
A week before Trump's second term began, someone posted a video of moving trucks at the White House with the words: "Biden is moving out." The MAGA supporter tweeted, "Trump is taking the garbage out !" But now that food prices keep rising, she's tweeting very differently these days. Tagging the president, she said, "please help us seniors ! Could use some extra $$ the economy is killing us We voted for you."
