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The Latest Breaking News from Kevin Hassett

Trump news at a glance: markets react with confusion as Trump appears to move goal posts on tariffs again

The president said the US will notify countries of higher tariff rates by 9 July, but the rates won’t take effect until 1 August. Key US politics stories from Sunday 6 July.

The Guardian - US

Trump threatens Japan with new tariffs amid rice war

President’s threat comes as US and Japan hold tense talks over farm imports and trade terms

The Independent UK

Trump's Fed Chairman Shortlist Is In: What Investors Need To Know

President Donald Trump's shortlist for the next Federal Reserve chair is heating up, fueling bets on deep rate cuts, pressuring the dollar and reigniting concerns over the Fed's long-guarded independence.

Benzinga

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Who Will Replace Jerome Powell as Fed Chair?

With Jerome Powell's term set to expire in May 2026, President Donald Trump is actively preparing to name a new Fed Chair.

Kiplinger

Asian Markets Reverse As Appeals Court Gives Trump Tariffs Reprieve

Asian shares fell Friday after a US appeal court gave Donald Trump's sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional.

International Business Times

‘Just a hiccup’: White House shrugs off court ruling blocking Trump tariffs, blames ‘activist judges’

Activist judges can't stop tariffs.

We Got This Covered

What happens next as Court of International Trade strikes down Trump tariffs?

Panel of three judges, made up of one Trump appointee, said the president lacked authority to impose sweeping ‘reciprocal’ tariffs

The Independent UK

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Trump hails 'great progress' as US-China trade talks in Geneva continue

The lead US negotiator described “a great deal of productivity” in resolving US-China trade differences after two days of talks in Switzerland, following Trump’s tariffs and Beijing’s retaliation.

Euronews

White House claims China trade deal reached while Beijing hails ‘important first steps’

US announcement comes after treasury secretary touted progress in two days of talks with Chinese vice-premier in Geneva

The Guardian - UK

U.S. says deal struck in tariff talks with China will help global trade deficit as White House signals reboot in relations

“It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”

Fortune

China Pushes South Korea to Stop Supplying US With Critical Rare Earth Products

China urges South Korea to stop exporting rare earth products to U.S. defense firms, raising global trade tensions.

Latin Times

Trump Looking Into Whether He Can Fire Fed Chair Jerome Powell Despite Central Bank Independence

President Donald Trump is studying whether he can fire Fed Chair Jerome Powell, said National Economic Council Director Kevin Hassett

Latin Times

Trump moves closer to semiconductor tariffs, floats pause on auto duties

US president says he is looking at offering relief to automakers as they adjust their supply chains.

Al Jazeera

Did Trump really ‘exempt’ Chinese phones, chips from tariffs?

Trump only rolled back tariffs imposed since April 2. Laptops, phones and semiconductors still face hefty levies.

Al Jazeera

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news in one place.

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Euronews

Trump team tries to bolster confidence after tariffs chaos in markets

While investors remain anxious about the impact of tariffs on global markets, White House advisors are warning against panic. The fast-changing nature of Trump's trade policies means this message is — however — hard to swallow.

The Guardian - UK

Labour MPs urge ministers to focus on rebuilding trading relationship with EU

Call to prioritise reset with Europe comes after top adviser to Trump downplays prospect of US tariffs being reduced

Evening Standard

UK ‘resolved to get best deal’ with US despite American doubts about carve out

Rachel Reeves is travelling to Poland on Friday to meet European finance ministers.

The Guardian - UK

Trump’s economic adviser dampens Starmer’s hopes of tariffs relief

It would take an ‘extraordinary deal’ for any country to improve on 10% rate, says Kevin Hassett

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Al Jazeera

US stocks down as trade war with China deepens

The White House says President Donald Trump’s tariffs on imports from China is currently 145 percent.

The Independent UK

Fund managers quietly fear Trump doesn’t have a tariff plan and that he ‘might be insane’

Some fund managers concerned ‘that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology’

The Independent UK

The Latest: S&P 500 falls 2% at the open despite Trump’s tariff pause

U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy

Fortune

Ron Wyden says the U.S. economy 'has gone from the envy of the world to a laughingstock in less time than it took to finish March Madness'

The senator laments how Trump and his advisors refuse to give a straight answer about the end-goal of tariffs.

Reason

Trump's Manly Tariffs

Plus: Supreme Court in a holding pattern, NYC acts like money grows on trees, and more...

Euronews

How a false headline about a tariff 'pause' triggered a wild stock market jump

US markets briefly surged on Monday amid false rumours that President Donald Trump was mulling a 90-day pause on tariffs, before they plunged again. Euroverify investigates.

The Guardian - US

Wall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’

Traders leaving the New York Stock Exchange were trying to make sense of another day of volatility

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