Tariffs live updates: Bessent says tariffs may return to ‘reciprocal’ levels if deals aren’t made
The secretary of the Treasury, Scott Besent, warned Sunday that the rates of rates will return to the «reciprocal» levels if the countries do not make commercial agreements with the US. UU. During the 90 -day pause.
«President Trump has notified them that if he does not negotiate in good faith, he will rise again at his level of April 2,» Besent told CNN, highlighting the 18 key partners with whom the United States is prioritizing trade agreements.
The minimized inflation concerns, Besent said that Walmart’s pricing (WMT) pricing warning was a «worst case» after talking to the CEO Doug McMillon. This occurred after President Trump told the retailer on Saturday to «eat the rates» instead of increasing prices.
«Walmart should stop trying to blame tariffs as the reason to increase prices throughout the chain. Walmart won billions of dollars last year, much more than expected. Between Walmart and China they should, as they say, ‘eat the tariffs’ and will not charge anything of the valuable customers. I will visit, and the clients will be so!»
Walmart (WMT) said Thursday that the increase in rates costs could lead to higher prices for buyers as soon as this month. The company was the last to omit the earnings orientation because Trump’s tariffs interrupt global trade.
Trump said Friday that the United States will establish tariff rates for its commercial partners in the coming weeks. He said that his administration cannot negotiate trade agreements with all countries at the same time due to limited capacity.
«I think we are going to be very fair. But it is not possible to meet the number of people who want to see us,» the president said during a meeting with business executives at the United Arab Emirates.
Trump, just out of a trip to the Middle East, also renewed his criticisms to the president of the Federal Reserve, Jerome Powell, on Saturday.
Trump said the Federal Reserve should reduce the «sooner rather than later» rates, and continued to express its frustration with Powell
«Too late Powell, a legendary man for being too late, will probably fly again, but who knows?» Trump added.
These are the latest updates as policy reverberates worldwide.
LIVE920 updates
Besent: United States points to 18 partners; Tariffs can return to reciprocal rates
CNN reports:
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Tesla can obtain a tariff rupture in South Africa for the EV load thrust
The president of South Africa, Ramaphosa, will discuss commercial ties with Elon Musk during a Washington visit to improve relations with the United States. A proposal could offer favorable import rates of Tesla (TSLA) in exchange for building EV load stations in South Africa.
Reuters informs:
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Cathie Wood: Trump’s tariff war can release markets
Bloomberg news reports:
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Diageo plans $ 500 million in cost savings by 2028, reduces the tariff’s impact view
Reuters informs:
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China factory production resists tariff impact, disappointed retail sales
China’s factory production slowed down in April, but remained resistant, suggesting that government support helped compensate for the impact of the United States commercial war that threatened its economic growth.
Reuters informs:
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The uncertainty of the Trump tariff still causes the estimates and the orientation of the profits to be useless
Reflecting on last week in the US markets, the Executive editor of Yahoo Finance Brian Sozzi wrote in the Sunday morning summary that in the midst of better profits reports than the fearful, there was something that continued to irritate him:
Besent calls Walmart’s warning about the rate related to the rate increases a «worst case»
After President Donald Trump told Walmart on Saturday that he should «eat tariffs» instead of increasing prices, Treasury secretary, Scott Besent, made the rounds in Sunday morning interview programs to minimize the inflation risks of the administration tariffs. Besent said he spoke with the Walmart CEO, Doug McMillon, on Saturday, the Associated Press reported, adding that the retail the warehouse about the imminent price increases was just a «worst case.»
Besent also minimized the reduction on Friday of the United States government debt for Moody’s qualifications.
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Tariffs are falling faster than Wall Street expected
Josh Schafer from Yahoo Finance writes that the US effective rate. UU. It has been reduced during the last month in the middle of a range of the stock market. With 14.4%, the effective fee of the USA almost returns to its «day of release» level, as our table of the week shows:
But in the markets, the news is not just about what is said. It is also how what was said coincides with the expectations of investors. On April 2, the tariffs were negatively surprised as Trump’s ads were, as we wrote at that time, «worse than expected.»
Well, the last round of rates advertisements brought a opposite phrase: «Better than was feared.»
Read more here
Trump says Walmart should ‘eat rates’ instead of increasing prices
Walmart (WMT) joins the rocker Bruce Springsteen and the pop music icon, Taylor Swift, they receive a verbal roof from President Trump on social networks this week.
The president torn Walmart executives on Saturday for pointing out price increases promoted by the rate that are prepared to start at the end of this month.
«Walmart should stop trying to blame tariffs as the reason to increase prices throughout the chain. Walmart won billions of dollars last year, much more than expected. Between Walmart and China they should, as they say, ‘eat the tariffs’ and will not charge anything of the valuable customers. I will visit, and the clients will be so!»
«We have always worked to keep our prices as low as possible and we will not stop. We will keep the prices as low as we can all give the reality of the small retail margins,» said a Walmart spokesman for Yahoo Finance.
The Walmart CEO, Doug McMillon, was among the CEOs that met with the president at the end of April to discuss tariff implications. A person familiar with the discussions told Yahoo Finance Walmart presented a case to eliminate tariffs on China completely, since even lower rates would have important implications in the prices of general goods articles, such as furniture and toys.
Read more here.
Trump pushes feed for tariff cuts, renews criticism of Powell
President Donald Trump said on a social media post on Saturday, the United States Federal Reserve should reduce «earlier, afternoon.»
Trump also criticized the head of the Central Bank, Jerome Powell.
«The consensus of almost all is that ‘Fed should reduce rates sooner rather than later,» Trump said in the position.
«Too late Powell, a legendary man for being too late, will probably fly again, but who knows?» Trump added.
Read more here
Uncertainty about the global economy due to tariffs eclipsan the results of Q1 best than the fearful
As the first quarter’s profit season concludes, many companies had better results than expected. But Bloomberg informs the general uncertainty in the global economy, due in large part to the tariffs of President Donald Trump, continues to drive the narrative, says Bloomberg:
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Trump willing to travel to China to meet with XI
Bloomberg reports:
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The feeling of the consumer reaches the second lowest reading in the registry
Josh Schafer from Yahoo Finance:
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South Korea Minister requests the exemption of American tariffs at Greer’s meeting
Reuters informs:
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Trump says that the United States will establish tariff rates for other nations in weeks
President Donald Trump said Friday that he will decide fees for US business partners in the coming weeks.
He said that the United States cannot handle tariff conversations with everyone at once.
Bloomberg news reports:
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Japan to maintain a better commercial agreement with us
Japan is pressing for the complete elimination of Trump’s 25% car rates, indicating that it will not settle for a partial agreement. Tokyo aims to avoid domestic reaction by maintaining better terms.
The FT reports:
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‘Export Rush’ fits China as companies rush to make the most of the rate
CNN reports:
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Walmart’s fee warning he enhances problems for US retailers
The last Walmart (WMT) rate indicates the prices of the ahead rate, and retailers like Best Buy and Mattel could feel the pinch. The Senior reporter of Yahoo Finance, Brooke Dipalma, reports:
Read more here.
The Trump administration considers adding the manufacturers of Chinese chips to export the blacklist
The FT reports:
The Trump administration plans to put several Chip Manufacturing companies on a black exportlist, but some officials want to delay movement to avoid damaging efforts to achieve a long -term commercial agreement with China.
The Commerce Department has compiled a list of Chinese companies, including the Changxin Memory (CXMT) memory, to add to the «list of entities», according to five people familiar with the matter.
Several of the people said that the Industry and Security Office, the arm of the Commerce Department that supervises the export controls, had written a list that also includes the subsidiaries of semiconductor manufacturing International Corp, the largest chips manufacturer in China, and Yangtze Memory Technologies CO, its largest memory chips manufacturer. SMIC and YMTC are already on the list.
Read more here.
China’s 90 -day tariff truce must extend, state media say.
The state media of China Global Times said that the 90 -day rate pause agreed by the United States and China is too short. The agreement was made by commercial conversations in Switzerland last weekend. Now both parties are continuous discussions in Korea.
Reuters informs:
Read more here.
(Tagstotranslate) Scott Besent (T) President Trump (T) Walmart (T) Commercial Agreements (T) Rates Rates (T) Worse scenario of the worst case
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