US President Donald Trump said he will send letters to more than 150 countries informing them that tariff rates could be 10% or 15%.
US President Donald Trump stated that the US is very close to a trade deal with India and that a deal could also be reached with Europe, but that it is too early to say whether a deal could be reached with Canada.
Trump’s statement came after a White House official suggested that US President Donald Trump could soon dismiss Fed Chair Jerome Powell.
BofA’s net profit rose in the second quarter on the back of rising securities trading revenue.
US producer prices were unchanged month-over-month in June.
New York Fed President John Williams warned that the impact of trade tariffs is only beginning to be felt.
In the Eurozone, exports increased by 0.9 percent in May compared to the same month in 2024, reaching €242.6 billion, while imports decreased by 0.6 percent to €226.4 billion.
Canadian Prime Minister Mark Carney announced that investments will be made to increase domestic production to protect the sector following the US tariffs imposed on his country’s steel sector.
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