Market Snacks

Europe’s 15% Tariff Trade Deal, US-China Tariff Truce Talks, Trump’s Semiconductor Tariffs Loom


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Introduction:
In today’s episode, we explore the recent US-EU trade agreement where Europe has reluctantly accepted a 15% tariff, a deal seen by many as skewed in favor of the United States and a wake-up call for European economic ambitions. We then turn to the latest US-China negotiations in Stockholm, as senior officials work against an August 12 deadline to extend a temporary tariff truce and avoid reimposing duties exceeding 100%. Finally, we examine the Trump administration’s upcoming announcement on a national security probe into semiconductor imports, signaling potential new tariffs that could impact the auto industry and highlight the strategic importance of US-based chip manufacturing.
Content and Timestamp:
00:00:30 Europe Accepts Suboptimal US Trade Deal: A Reality Check on Economic Power
00:04:04 US and China Resume Tariff Talks to Extend Truce Amidst Trade War
00:07:17 Trump Administration to Announce Results of Chip Import Probe, Hints at New Tariffs
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