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The Latest Breaking News on Most Markets Down As Fed Holds And Trump Announces Fresh Tariffs

Most Markets Down As Fed Holds And Trump Announces Fresh Tariffs

Asian markets mostly fell Thursday while the dollar held most of its gains as traders weighed a cautious Federal Reserve with strong tech earnings and Donald Trump's tariffs on key economies South Korea and India.

International Business Times

Clock Ticks On US Tariff Hikes As Trump Broadens Blitz

Time is running short for governments to strike deals with Washington to avert tariff hikes that Donald Trump has vowed against dozens of economies -- and the US president continues to expand his trade wars.

International Business Times

Trump announces trade deal with South Korea, setting tariff at 15 percent

South Korean leader says agreement eliminates ‘uncertainties’ in trade environment.

Al Jazeera

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Trump Says US To Impose 15% Tariff On South Korean Goods

President Donald Trump said Wednesday that the United States will impose a 15 percent tariff on imports from South Korea, as he touted a "full and complete trade deal" between both countries.

International Business Times

Trump just upped the tariff burden on American consumers – this time for low-cost goods from around the world

US consumers will soon have to pay certain duties when shipping low-cost items from overseas

The Independent UK

Can Trump Use Emergency Powers To Tax All Imports? His Tariffs Are Back in Court on Thursday.

To win in court, the Trump administration will have to argue against a pair of legal theories that conservatives have spent years developing as a way to check executive power.

Reason

These Stocks Respond As Copper Prices Tank After Trump Orders Tariffs On Imports

Copper prices declined around 20% Wednesday.

Investors Business Daily

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Trump hits ‘too late’ Jerome Powell as Federal Reserve keeps interest rates steady despite two board dissenters

President has failed to bully the central bank into lowering interest rates to artificially boost the US economy but double dissent on board is rarity

The Independent UK

Harley-Davidson, Hershey, Adidas, Mercedes warn of profit woes and tariff costs after US-EU 15% deal

Earnings announcements come as across-the-board tariffs set to take effect on Friday

The Independent UK

US Q2 GDP growth masks broader economic downturn

Consumer spending ticked up slightly after a near halt, but private sector investments plunged in the second quarter.

Al Jazeera

Canada Central Bank Holds Rate Steady Citing US Tariff 'Threats'

Canada's central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump's latest tariff deadline.

International Business Times

Mexican Economy Secretary Says Country 'Did All It Had' To Avoid Trump's Tariffs

Mexican Economy Secretary Marcelo Ebrard said he is confident the country is confident about reaching a deal to avoid tariffs from going into effect on August 1

Latin Times

Trump Hits India With 25% Tariff And 'Penalty' Over Russia Ties

US President Donald Trump said Wednesday that imports from India will face 25 percent tariffs, while also announcing an unspecified "penalty" over New Delhi's purchases of Russian weapons and energy.

International Business Times

Trump has given Powell 'no motivation to cooperate' says former White House commerce secretary—he might now be paying the price for it

Trump's former commerce secretary, Wilbur Ross, tells Fortune that President Trump has given the Fed an unwinnable dilemma.

Fortune

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The Guardian - UK

Trump imposes 25% tariff on India plus ‘penalty’ over ties to Russia

US president calls Delhi a friend but criticises policies such as buying arms and energy from Russia amid Ukraine war

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