In response to Trump tariffs, the Brazilian President has flagged reciprocal levies if the U.S. tariffs go into effect by the Aug. 1 deadline set by the U.S. President.
Meanwhile, a report said Apple’s manufacturing partner Foxconn had begun trial production in India for the iPhone 17 line, due to release around September.
The S&P 500 is hitting record highs, but most stocks remain underwater, revealing the narrowest market breadth since 2003 and signaling a possible shift.
Over the weekend, Trump sharpened his attacks on Powell, after a spate of name-calling and public expression of his desire for the Fed Chair to resign.
Sefcovic expressed hope that there is still potential to keep the negotiations going, but warned that President Trump’s tariff letter has “triggered very strong waves in Europe.”
During the meeting with NATO Secretary General Mark Rutte, President Trump explained that while the U.S. would be manufacturing the weapons, NATO would be paying for them.
