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US Treasury chief sees 100 countries getting 10% reciprocal tariff
“We’ll see how the President wants to treat those who are negotiating, whether he’s happy that they’re negotiating in good faith,” Bessent told Bloomberg Television. “I think that we’re going to see about 100 countries who just get the minimum 10% reciprocal tariff and will go from there. So I think we’re goi … Read More >>
For retailers, US-Vietnam trade deal leaves questions
LONDON (Reuters) -A trade deal announced by the U.S. and Vietnam creates new question marks for sportswear and clothing retailers like Nike and Adidas that source shoes and clothes from factories in the Southeast Asian country, industry experts said on Thursday.The U.S. will impose a 20% tariff on many import … Read More >>
U.S. House approves Trump’s mega budget bill
The megabill, which makes permanent the lower individual and business tax rates in Trump’s 2017 tax cut package, will add $3.4 trillion to the nation’s $36.2 trillion debt over the next decade.It also reduces the reach of the Medicaid health plan and eliminates incentives for clean energy while increasing spe … Read More >>
Exclusive-BRICS to launch guarantee fund to boost investment in member nations, sources say
BRASILIA (Reuters) -The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, two people familiar with the matter told Reuters. The initiative, modeled on the World Bank’s Multilateral Investment Guaran … Read More >>
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