Trump: The extension of the deferral period is until August 1; the tax rates of 14 countries announced, with a maximum of 40%!
On July 7, local time, U.S. President Donald Trump signed an executive order to extend the so-called 'reciprocal tariffs' grace period, pushing the implementation date from July 9 to August 1. On April 2, Trump announced the imposition of so-called 'reciprocal tariffs,' which triggered a sharp decline in the American financial markets. Under pressure from multiple parties, Trump announced on April 9 a 90-day suspension of high 'reciprocal tariffs' on certain trading partners, but maintained a 10% 'baseline tariff.' A 25% tariff was imposed on South Korea and Japan. On July 7, local time, U.S. President Donald Trump posted letters addressed to Japanese Prime Minister Shinzo Abe and South Korean President Lee Jae-myung on social media.
Final push for US-EU trade talks: A "ceasefire agreement" on the 10% tariff may be finalized this week, with key Industries seeking exemptions.
The European Union seeks to reach a preliminary trade agreement with the United States this week to lock in a 10% tariff rate after the August 1 deadline.
The largest "debt" bill in history? Former U.S. Treasury Secretary and Nobel laureates strongly criticize Trump.
Several Nobel Prize winners in Economics signed a letter expressing their opposition, and Summers went so far as to say: any honest economist would not consider this bill to be a good thing!
Is it no longer a fanciful tale? UBS Group's survey: half of the interviewed central banks doubt a U.S. debt restructuring.
A recent survey conducted by UBS Group of central bank reserve managers found that nearly half of the respondents believe that the restructuring of U.S. debt, which was previously considered almost a "fantastical" notion, is now becoming a "credible" scenario; among nearly 40 central banks surveyed, 35% of respondents think that the U.S. may request allies to convert long-term debt into ultra-long-term zero-interest bonds and other instruments.
Goldman Sachs: The S&P 500 target for the end of the year is 6600, driven by interest rate cuts and fundamentals.
Goldman Sachs, a well-known investment bank on Wall Street, has become increasingly optimistic about the outlook for U.S. stocks, significantly raising its Target Prices for multiple time frames of the S&P 500 Index.
Gold mining giant Aura Minerals has started its IPO on the US stock market, aiming to raise $0.21 billion.
Aura Minerals Inc. is planning to raise approximately $0.21 billion by going public in the United States, aiming to expand its investor base.