EU is delaying retaliatory tariffs on US goods
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U.S. President Donald Trump is pressing for improved trade agreements, threatening tariffs on nations like Mexico and the European Union if unsatisfactory. White House Economic Adviser Kevin Hassett emphasized Trump's plans to impose a 50% tariff on Brazil if trade negotiations don't meet expectations.
Donald Trump's top trade negotiators have added more time to the clock after the White House failed to reach its 90 deals in 90 days target.
The Dow, S&P 500 and Nasdaq remain volatile as trade deals and tariffs keep investors in limbo. Amazon’s Prime Day met with fierce competition as Walmart, Costco offer their own deals. Oil inches higher.
America’s biggest trading partners have tried tactics ranging from appeasement to retaliation to avoid higher tariffs. All find themselves faced with similar threats from Washington.
Trump insiders maintain that it would make little sense — politically or from a policy standpoint — for the president to offer any further extensions on trade.