Trump Sets Aug. 1 Start for Tariffs Ahead of Wednesday Deadline
Trump's Gilded Design Style May Be Gaudy. But Don't Call it 'Rococo.'
Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals
Are Tourists Ruining Europe? How Locals Are Pushing Back
Massachusetts to Follow NYC in Making Landlords Pay Broker Fees
NYC Commutes Resume After Midtown Bus Terminal Crash Chaos
The time line for the talks appeared to be reset after US officials signaled that trading partners will have until Aug. 1 before the tariffs kick in. That gives them the option of three more weeks for deal-making.
For weeks, the administration warned that Trump would impose levies on July 9 for countries failing to secure an accord, reverting to the levels announced on so-called Liberation Day on April 2.
The European Union said that progress has been made toward securing a deal and that the bloc is still working toward the Wednesday deadline. Trump and European Commission President Ursula von der Leyen spoke on Sunday and had a 'good exchange,' a spokesman for the EU's executive arm said Monday in Brussels.
German Chancellor Friedrich Merz over the weekend discussed how to resolve the US trade dispute in separate phone calls with Von der Leyen as well as counterparts from France and Italy, a government spokesman told reporters in Berlin on Monday.
'Time is running out,' Merz's chief spokesman Stefan Kornelius told a regular government news conference in Berlin, adding that Germany continues to support the Commission's strategy in the negotiations with the US. 'It's a complex matrix of factors that need to be taken into account.'
Emboldened by a legislative win and a US stock market hitting a record high last week, Trump is flexing his tariff authority as a tool to pursue domestic economic gains and taunt geopolitical rivals. His latest threat was a 10% import tax on 'any country aligning themselves with the Anti-American policies of BRICS.'
'There will be no exceptions to this policy,' he said in a Truth Social post, just as BRICS nations led by Brazil, Russia, India, China and South Africa were gathering in Rio de Janeiro for meetings starting Sunday.
After two months of gains amid trade war truces, tariff tensions were back in view for equity investors. S&P 500 futures fell 0.5% after cash equity markets were closed in the US on Friday for the July 4 holiday. European stocks were flat, while a gage for Asian equities declined 0.7%.
The dollar strengthened as much as 0.5%, hitting its highest against a currency basket in more than a week. The Australian and New Zealand dollars each sank roughly 1% on the view that higher tariffs could have a serious impact on the countries, which count China as a major trade partner. Shorter-dated US Treasuries gained modestly amid weaker risk appetite.
Heading into the final days before the July 9 end of Trump's 90-day reprieve of so-called reciprocal tariffs, Treasury Secretary Scott Bessent said 18 major trading partners are the priority, with several big agreements expected to be announced. He also acknowledged the sheer number of ongoing discussions is complicating the final stages.
'There's a lot of congestion going into the home stretch,' the Treasury chief said on Fox News Sunday while declining to characterize Aug. 1 as the new official deadline. 'If you want to speed things up, have at it,' he said on CNN about countries that receive a letter. 'If you want to go back to the old rate, that's your choice.'
In a social media post on Sunday, Trump said he'll announce that 'the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting' at noon Washington time.
Officials from economies including the European Union and Japan were in discussions with Washington through the US holiday weekend.
The Trump administration has stated for weeks that multiple accords are imminent, but so far only a limited framework with the UK, a truce with China and Trump's brief outline of a pact with Vietnam have been announced.
--With assistance from Alice Gledhill, Jorge Valero and Michael Nienaber.
For Brazil's Criminals, Coffee Beans Are the Target
Sperm Freezing Is a New Hot Market for Startups
SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too
Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate
China's Homegrown Jewelry Superstar
©2025 Bloomberg L.P.
Fehler beim Abrufen der Daten
Melden Sie sich an, um Ihr Portfolio aufzurufen.
Fehler beim Abrufen der Daten
Fehler beim Abrufen der Daten
Fehler beim Abrufen der Daten
Fehler beim Abrufen der Daten
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Ray Dalio says US debt is riskier than you think — here's the big problem he sees and how to protect yourself
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, has a stark warning for Americans. 'For those who care about the value of their money, the risks for U.S. government debt are greater than the rating agencies are conveying,' he wrote in an alarming post on X in May. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how Dalio was referring to the recent downgrade of the U.S. sovereign credit rating by Moody's, following similar moves by S&P Global in 2011 and Fitch in 2023. While these downgrades have made headlines, Dalio cautions that the real threat runs deeper than the government's ability to repay its debt obligations. '[Regarding] the U.S. debt downgrade, you should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt,' he explained. 'They don't include the greater risk that the countries in debt will print money to pay their debts thus causing holders of the bonds to suffer losses from the decreased value of the money they're getting (rather than from the decreased quantity of money they're getting).' Simply put, if the government resorts to printing more dollars, the currency itself loses real value — something Americans have experienced firsthand. The U.S. Dollar Index fell 10.8% in the first half of 2025 — marking its worst performance since 1973, when Richard Nixon was president. Meanwhile, inflation has steadily chipped away at the dollar's purchasing power. According to the Federal Reserve Bank of Minneapolis inflation calculator, $100 in 2025 buys what just $12.56 could in 1971 — the year the U.S. moved off the gold standard. If you share Dalio's concerns and care about protecting the value of your money, here's a look at a few ways to hedge against these risks. Gold has helped people preserve their wealth for thousands of years. Today, its appeal is simple: Unlike fiat currencies, the yellow metal can't be printed at will by central banks or governments. It's also widely regarded as the ultimate safe haven. Gold is not tied to any one country, currency or economy, and in times of economic turmoil or geopolitical uncertainty, investors often flock to it — driving prices higher. Dalio has repeatedly emphasized gold's importance in a resilient portfolio. 'People don't have, typically, an adequate amount of gold in their portfolio,' he told CNBC earlier this year. 'When bad times come, gold is a very effective diversifier.' Over the past 12 months, the price of the precious metal has surged by roughly 40%. One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Thor Metals. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, which combines the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against economic uncertainties. To learn more, you can get a free information guide that includes details on how to get up to $20,000 in free metals on qualifying purchases. Gold isn't the only asset investors rely on to preserve their purchasing power. Real estate has also proven to be a powerful hedge. When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts for inflation. Over the past five years, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has jumped by more than 50%, reflecting strong demand and limited housing supply. Of course, high home prices can make buying a home more challenging, especially with mortgage rates still elevated. And being a landlord isn't exactly hands-off work — managing tenants, maintenance and repairs can quickly eat into your time (and returns). The good news? You don't need to buy a property outright — or deal with leaky faucets — to invest in real estate today. Crowdfunding platforms like Arrived offer an easier way to get exposure to this income-generating asset class. Backed by world class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants. The process is simple: Browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving positive rental income distributions from your investment. Another option is Homeshares, which gives accredited investors access to the $35 trillion U.S. home equity market — a space that's historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Read more: Rich, young Americans are ditching the stormy stock market — It's easy to see why great works of art tend to appreciate over time. Supply is limited and many famous pieces have already been snatched up by museums and collectors. Art also has a low correlation with stocks and bonds, which helps with diversification. In 2022, a collection of art owned by the late Microsoft co-founder Paul Allen sold for $1.5 billion at Christie's New York, making it the most valuable collection in auction history. Investing in art was traditionally a privilege reserved for the ultra-wealthy. Now, that's changed with Masterworks — a platform for investing in shares of blue-chip artwork by renowned artists, including Pablo Picasso, Jean-Michel Basquiat and Banksy. It's easy to use, and with 23 successful exits to date, every one of them has been profitable thus far. Simply browse their impressive portfolio of paintings and choose how many shares you'd like to buy. Masterworks will handle all the details, making high-end art investments both accessible and effortless. In total, the platform has distributed roughly $61 million back to investors. New offerings have sold out in minutes, but you can skip their waitlist here. At the end of the day, everyone's financial situation is different — from income levels and investment goals to debt obligations and risk tolerance. If you're unsure where to start, it might be the right time to get in touch with a financial advisor through is an online platform that matches you with vetted financial advisors suited to your unique needs. They can help tailor a strategy to your unique financial situation, whether you're looking to grow wealth, diversify beyond stocks or plan for long-term financial security. Once you're matched with an advisor, you can book a free consultation with no obligation to hire. Here are the 6 levels of wealth for retirement-age Americans — are you near the top or bottom of the pyramid? This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Car insurance in America could climb to a stunning $2,502/year on average — but here's how 2 minutes can save you more than $600 in 2025 Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Money doesn't have to be complicated — sign up for the free Moneywise newsletter for actionable finance tips and news you can use. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 minutes ago
- Yahoo
Houston man frustrated with brother, 59, still being 'bailed out' by parents — here's what Dave Ramsey thinks
It's a family scenario more common than you might think: one adult child leans heavily on aging parents for support, while another sibling feels caught in the middle — frustrated, worried and responsible. On a recent episode of The Dave Ramsey Show, a caller named Grant from Houston, Texas described just that. His 59-year-old brother had been relying on their parents for years, even as they reached their 80s. It was more than occasional help: His brother had two loans on his own home and had persuaded their elderly father to take out a home equity loan on his house to cover costs. 'He's always been a mooch,' Ramsey co-host John Delony said bluntly. 'He's always going to be a mooch and so talking to him is futile. It's a waste of time.' The caller admitted he felt angry at his brother but also uneasy confronting him. He worried about seeming unfair or overstepping. And as someone who'd agreed to be co-power of attorney with his brother, he felt deeply uncomfortable being legally tied to decisions that risked draining their parents' financial safety net. The show's advice was characteristically direct, but behind the blunt words was an important truth. The brothers' parents who continue to bail out adult children well into middle age aren't doing them any favors. Their core message: Sometimes real love means setting limits. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Ramsey urged the caller to skip trying to reform his brother. He argued that after decades of relying on others, change was unlikely without real consequences. Instead, he encouraged the caller to focus on his parents — having the hard conversation they'd been avoiding. Ask about their financial plan, the decisions that could jeopardize their own security and whether it's right to enable their son with support while seemingly shielding him from responsibility. Half of all parents with children aged 18 and older provide regular financial assistance to their adult offspring, according to a 2025 report. The average monthly support per adult child is $1,474, a roughly 6% increase from the previous year that totals nearly $18,000 annually. And often the support seems indefinite, with millennials up to age 44 getting significant help with rent, groceries, health insurance and mobile phone bills, the report found. Rising housing costs, student debt and a challenging job market have made launching into adulthood genuinely more complicated. Many parents want to give their kids a leg up. But when support goes on without clear expectations or end dates, a bridge becomes a crutch with real consequences. Parents who prioritize their adult children's expenses over their own needs may sacrifice their retirement security. They may have to work longer, reduce their lifestyle in old age, or even rely on those same children later on. For families grappling with this dynamic, balancing compassion with self-preservation is crucial. It starts with open, sometimes uncomfortable conversations. Parents need to be clear about what they can afford. Supporting an adult child isn't automatically wrong, but it has to fit within a sustainable plan. Read more: Americans are 'revenge saving' to survive — but millions only get a measly 1% on their savings. Ramsey's advice also touched on the tricky issue of power of attorney. The caller had agreed to share that responsibility with his brother, the very person he didn't trust financially. Ramsey warned that arrangement was a recipe for conflict. His suggestion? Don't agree to something that makes you an accomplice to a bad plan. 'You're not helping them [by joining with the brother as power of attorney],' Dave Ramsey told the caller. 'You're just another enabler in this story.' And what about talking to the dependent sibling? That can be even harder. Ramsey acknowledged the emotional messiness here. The caller loved his brother but felt disrespected by his choices. Ramsey advised viewing the brother with clear eyes — not demonizing him, but recognizing his struggles. He even suggested that in person, the caller might say, "I know that Dad's propping you up and keeping you going. I don't like it but I'm not involved.' That's the tension many families face: wanting to help but needing to be honest about limits. Enabling is easy in the short term because it avoids conflict and guilt. But in the long run, it can create dependency and resentment that damages families even more. Parents who want to avoid this trap can start by setting clear expectations. Define what support looks like, how long it lasts and what steps the adult child will take to regain independence. Talk openly about their own financial needs, including retirement plans and medical costs. This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Here are the 6 levels of wealth for retirement-age Americans — are you near the top or bottom of the pyramid? Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Money doesn't have to be complicated — sign up for the free Moneywise newsletter for actionable finance tips and news you can use. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 minutes ago
- Yahoo
Robert Kiyosaki: 5 Decisions That Helped Him Get Rich
Are you trying to become rich? While you might not become rich like Warren Buffett or Jeff Bezos, building wealth isn't reserved for the elite. In fact, Robert Kiyosaki is living proof that you can start with nothing and become Out: Although there's no one-size-fits-all approach, there are a few different strategies you can apply on your path to getting rich. In this article, we'll cover the top five decisions that helped Robert Kiyosaki get rich. One of the first things Kiyosaki did that helped him get rich was decide to be rich. In his book 'Rich Dad Poor Dad,' Kiyosaki talked about how his 'Rich Dad' viewed money. One of the first lessons he was taught was words are a person's most important tool. By switching his mindset surrounding money, he could talk his way into wealth. Instead of viewing money as a burden, Kiyosaki viewed money as a tool to become rich. Learn More: Another decision that helped Kiyosaki become rich was creating a written plan and following it. Your plan should outline your most important goals, such as buying a house or retirement. Additionally, your plan should describe the different actions you need to take to achieve your plan. By having a written plan that you can view regularly, you are more likely to make progress toward your goals. Kiyosaki believes one of the reasons the rich get richer is because they spend time with other rich people. By surrounding yourself with like-minded people, you are more likely to reach your financial goals and become rich. For example, if you hang out with friends who have money problems, you are more likely to be tempted to spend your money in a similar way. Choose who you surround yourself with if you want to get rich. Getting rich also takes time, according to Kiyosaki. It takes time to build an investment portfolio, purchase assets and build businesses. There's no get-rich-quick path. Instead, it takes consistency and effort to build your wealth. This is why Kiyosaki recommended picking up side hustles and part-time work to accelerate the wealth-building process. Everyone should have big financial dreams. This could be owning a vacation home in Florida or purchasing your dream truck without any concern for the price tag. By dreaming big, you aren't limiting your financial goals. You are pouring your hope, energy and faith into your goals. While it's important to dream big, Kiyosaki talked about the importance of starting small. This could be putting $10 a week into an investment account and gradually increasing the amount, or starting a new side hustle that you plan to turn into a full-time job. Dream big, but start small. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck These Cars May Seem Expensive, but They Rarely Need Repairs This article originally appeared on Robert Kiyosaki: 5 Decisions That Helped Him Get Rich Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
