
Swiss Trade Deal With US Is Awaiting Trump's Sign Off, Bern Says
That twist in the ongoing negotiations was revealed to Bloomberg in an email on Wednesday that suggests Bern remains in suspense over whether the agreement will get over the line before the Aug. 1 deadline set by the White House.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Trump Dismisses Canada Trade Talks
President Trump says Canada trade talks aren't a priority, so those 35% tariffs set to kick in on August 1 will likely stay put. He told reporters Friday we haven't really had a lot of luck with Canada and added I think Canada could be one where they'll just pay tariffs, not really a negotiation. Warning! GuruFocus has detected 4 Warning Signs with NVDA. That follows his Truth Social announcement earlier this month warning of 35% levies on Canadian importsand potential hikes if Ottawa retaliatesup from the prior 25% rate. The Canadian dollar barely budged on the news, echoing his point that a deal isn't in the cards right now. Why it matters: Keeping high tariffs in place without fresh negotiations could strain U.S.?Canada trade ties and hit cross?border industries. Investors will be watching any Canadian response and the impact on sectors like autos and energy once those tariffs take effect. This article first appeared on GuruFocus.
Yahoo
11 minutes ago
- Yahoo
Canadian dollar gives up much of its weekly gain as trade deal prospects ebb
By Fergal Smith TORONTO (Reuters) -The Canadian dollar weakened against its U.S. counterpart on Friday as optimism waned that Canada would reach a trade deal with the United States before an August 1 deadline and ahead of a Bank of Canada interest rate decision. The loonie was 0.5% lower at 1.3710 per U.S. dollar, or 72.94 U.S. cents, after trading in a range of 1.3639 to 1.3725. For the week, the currency was on track to gain 0.1%. The United States may not reach a negotiated trade deal with Canada, U.S. President Donald Trump said, suggesting his administration could set a tariff rate unilaterally. Canada sends about 75% of its exports south of the border. "Markets are now pricing in a lower chance of a U.S.-Canada deal before August 1," said Kevin Ford, FX & macro strategist at Convera. "With tariff talks likely dragging on past next Friday, the CAD has bounced back above 1.37." The Bank of Canada will hold its overnight interest rate steady at 2.75% on July 30 for the third consecutive meeting thanks to a recent rise in inflation and a fall in unemployment, according to a Reuters poll of economists that still found many expect at least two more cuts this year. The U.S. dollar advanced against a basket of major currencies after Trump on Thursday said that he did not intend to fire Federal Reserve Chair Jerome Powell, as he has frequently suggested he could. The price of oil, one of Canada's major exports, fell 1.4% to $65.11 a barrel on negative economic news, including data that showed new orders for key U.S.-manufactured capital goods unexpectedly fell in June. Canadian bond yields moved lower across the curve, with the 10-year down 4.1 basis points at 3.515%. 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


Bloomberg
11 minutes ago
- Bloomberg
US and China Compete for AI Lead
General Catalyst Institute Founding President Teresa Carlson discusses how the US AI Action Plan can help startups as well as large companies compete globally. She joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)