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Yahoo
09-07-2025
- Business
- Yahoo
Trump threatens more countries with tariffs as high as 30%
President Donald Trump sent letters to the leaders of seven more countries Wednesday, adding to the growing list of US trading partners for whom he has threatened new tariff rates. Among the latest recipients were the Philippines, Sri Lanka, Moldova, Brunei, Algeria, Libya and Iraq, with rates going as high as 30% on goods they ship to the United States. The new tariffs go into effect August 1, pending negotiations. Trump said Wednesday afternoon that he planned to announce his tariff level for Brazil within the next day or two. 'Brazil as an example, has been not good to us. Not good at all,' he said during a White House multilateral meeting with leaders of African nations. 'We're going to be releasing a Brazil number, I think, later on, this afternoon or tomorrow morning.' The rates Trump said would be imposed on goods from Sri Lanka, Moldova, Iraq and Libya were lower than those he announced in early April. The rates on goods from the Philippines and Brunei were higher, compared to April levels. Meanwhile, the rate on goods from Algeria was the same (30%) as April levels. Collectively, the US imported $29 billion worth of goods from those seven nations last year, according to US Commerce Department figures. That accounts for less than 1% of the $3.2 trillion of goods the US imported. US stocks were mostly unchanged after Trump's posts. The Dow was up 50 points, or 0.11%. The S&P 500 was up 0.25% and the tech-heavy Nasdaq gained 0.58%. The US and various trading partners have been negotiating new trade agreements since Trump announced so-called 'reciprocal' tariffs back in April. Yet few deals have come to fruition. During a cabinet meeting on Tuesday, Trump said 'a letter means a deal.' But that doesn't appear to be how some countries are perceiving the missives. In the letters, Trump wrote that he takes particular issue with the trade deficits the United States runs with other nations, meaning America buys more goods from there compared to how much American businesses export to those countries. Trump also said the tariffs would be set in response to other policies that he deems are impeding American goods from being sold abroad. Trump has encouraged world leaders to manufacture goods in the United States to avoid tariffs. If they chose to retaliate by slapping higher tariffs on American goods, Trump threatened to tack that onto the rate charged on their country's goods shipped to the United States. Trump has now sent 21 letters on tariff rates to heads of state this week, and more could still come. The 25% tariff Trump threatened to impose on Japan and South Korea would be most likely to impact prices of goods Americans buy, since the two nations are America's fifth- and seventh-top sources of foreign goods. Wednesday at 12:01 a.m. ET was the initial deadline Trump set three months ago for countries to ink trade deals with the US or instantly face higher tariff rates. However, on Monday he extended that deadline to August 1. This is a developing story. It will be updated. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
‘Unloved' Stocks Rally Is Luring Some Big Buyers Off Sidelines
(Bloomberg) -- Fast-money investors are edging their way back into US stocks after sitting out a furious rally, bolstering the case for equities to extend their advance further into uncharted territory. Are Tourists Ruining Europe? How Locals Are Pushing Back Can Americans Just Stop Building New Highways? Singer Akon's Failed Futuristic City in Senegal Ends Up a $1 Billion Resort Denver City Hall Takes a Page From NASA Philadelphia Trash Piles Up as Garbage Workers' Strike Drags On A BNP Paribas measure of equity positioning among investors including commodity-trading advisors, volatility-target funds and hedge funds has been steadily rising and now sits at just above neutral. That follows a monthslong rally that saw the S&P 500 Index rebound to new highs from the precipice of a bear market. The last time institutions were this light on stocks in the midst of a sharp recovery was in 2023, according to the bank. The limited exposure suggests there is room for stocks to rise should investors decide to pile in after tariff chaos pushed them to the sidelines earlier this year, the bank's strategists said. They expect CTAs and volatility-linked funds to buy as much as $20 billion in stocks over the next week, offering support to a rally that has already seen the S&P 500 Index rise 25% from its April low. 'The adding of risk would indeed be a positive driver,' said Greg Boutle, BNP Paribas' head of US equity and derivative strategy. 'Investors being dragged back into an unloved rally, this could cause the market to overshoot on the upside.' Positioning comes into the spotlight as investors brace for a slew of tests that could challenge the recent strength in equities, from fresh developments in President Donald Trump's tariff war to the upcoming earnings season and possible shifts in Federal Reserve policy. A concentration of bets in Big Tech shares and a dearth of stocks making new highs alongside the S&P 500 show caution persists, despite the recent gains in markets. Among the wary is Craig Basinger, chief market strategist at Purpose Investments. In a note earlier this week, he warned that 'an economic growth scare' is building and could derail the rally in equities. The markets have been 'overreacting to good news to the upside' and the firm has adopted a more cautious stance as a result, he added. Cause for Optimism Yet there's plenty of optimism as well. Coming into this week, the S&P 500's sensitivity to macroeconomic shocks had dropped to the lowest level since March, before Trump unveiled his sweeping so-called reciprocal tariffs, according to 22V Research. 'People just think he won't go through with anything too harmful,' said Dennis Debusschere, 22V's president and chief market strategist. Goldman Sachs Group Inc. strategists raised their outlook for US stocks for the second time in two months, saying they expect the Federal Reserve to act sooner to cut rates. Meanwhile, JPMorgan's trading desk remains 'tactically bullish' on US equities and suggested in a Monday note that investors should view 'near-term volatility' from tariff deadlines as a 'buy-the-dip opportunity.' Indeed, the markets have taken recent tariff news in stride. The S&P 500 remains within 1% of its record high, even after Trump on Tuesday stressed he would not offer additional extensions on country-specific levies set to now hit in early August. As a result, some investors are looking beyond this week's tariff announcements and trying to position for a move higher. 'Just because you get a very negative headline, that's not something that can't be walked back,' Boutle said. Will Trade War Make South India the Next Manufacturing Hub? 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions 'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too ©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
Bloomberg
09-07-2025
- Business
- Bloomberg
‘Unloved' Stocks Rally Is Luring Some Big Buyers Off Sidelines
Fast-money investors are edging their way back into US stocks after sitting out a furious rally, bolstering the case for equities to extend their advance further into uncharted territory. A BNP Paribas measure of equity positioning among investors including commodity-trading advisors, volatility-target funds and hedge funds has been steadily rising and now sits at just above neutral. That follows a monthslong rally that saw the S&P 500 Index rebound to new highs from the precipice of a bear market. The last time institutions were this light on stocks in the midst of a sharp recovery was in 2023, according to the bank.
Bloomberg
09-07-2025
- Business
- Bloomberg
New Trump Tariff Threats Should Be a Big Deal. They're Not
To get John Authers' newsletter delivered directly to your inbox, sign up here. More drama on trade policy has been met by a continuing absence of drama in the markets. The 90-day pause on the Liberation Day tariffs concluded with President Donald Trump telling reporters at a cabinet meeting that he would levy tariffs of 50% on copper and 200% (!) on pharmaceuticals. In response, US stocks carried on with one of their dullest trading days this year. The S&P 500 closed down 0.07% on TACO Tuesday, exactly where it started the last day before the Fourth of July weekend:
Yahoo
08-07-2025
- Business
- Yahoo
CoreWeave double downgrade, Amazon Prime Day spending decline
Yahoo Finance's John Hyland takes a closer look at what's driving US stock moves on Yahoo Finance's Market Minute. US stocks (^DJI, ^GSPC, ^IXIC) are wavering as traders assess trade risk after President Trump said he will not extend the August 1 tariff deadline. CoreWeave (CRWV) was double downgraded on Wall Street after the company announced an all-stock deal with Core Scientific (CORZ), with both Mizuho and Stifel lowering their ratings to Neutral. Amazon (AMZN) saw a 14% decline in early hours sales during day one of its Prime Day event, according to data from Momentum Commerce. The company is also extending its event to four days from two last year. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for Yahoo Finance's market minute. US stocks are wavering between gains and losses today following Monday's trade induced sell-off. Investors are monitoring the latest headlines from Washington after President Trump delayed the start of his reciprocal tariffs, which will now go into effect in August. The president said earlier he will not extend that August deadline. Meanwhile, Coreweave getting a double downgrade on Wall Street today following its all-stock acquisition of data center operator Core Scientific. The AI infrastructure firm was downgraded to a neutral equivalent rating at both Stifel and Mizuho. And Amazon Prime Day spending is down 14% in early hours compared to this time last year, according to new data from Momentum Commerce. Prime Day will stretch to four days this year, up from just two last year with its investors watching for any clues into the state of the consumer. And that's your Yahoo Finance market minute. For more on what's trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks at the trading session. 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
