US President Donald Trump unveiled a wave of letters again threatening key trading partners with high tariff rates even as he delayed the increased duties until Aug. 1 and suggested that he was still open to negotiations.
As the EU says it is making progress on a US trade deal, RBC Wealth Management Fixed Income UK Head, Rufaro Chiriseri joined Bloomberg’s Francine Lacqua to discuss how Trump’s tariff deadline negotiation is playing out in equities and bond markets. (Source: Bloomberg)



Source link

Taiwan’s exports are on a tear, powered by global demand for artificial intelligence — but the boom is becoming a flashpoint in trade relations with Washington and a growing risk for the economy.



Source link

Francisco Blanch, head of global commodities and derivates research at Bank of America, discusses OPEC+’s recent decision to increase oil production for the month of August. “It’s been a good time to add those barrels and the market hasn’t struggled for the time being to absorb it,” Blanch tells Bloomberg Television. “We are negative into the second half of the year,” he adds, saying that Bank of America sees Brent hit “low sixties” and WTI “high fifties.” (Source: Bloomberg)



Source link