2025-08-06 19:18

WASHINGTON, Aug 11 (Reuters) - U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries. Sign up here. Here is a list of targeted tariffs he has implemented or threatened to put in place. COUNTRY-SPECIFIC TARIFFS Afghanistan - 15% Algeria - 30% Angola - 15% Bangladesh - 20% Bolivia - 15% Bosnia and Herzegovina - 30% Botswana - 15% Brazil - 50%, with lower levels for sectors such as aircraft, energy and orange juice Brunei - 25% Cambodia - 19% Cameroon - 15% Canada - 10% on energy products, 35% for other products not covered by the U.S.-Canada-Mexico Agreement Chad - 15% China - 30%, with additional tariffs on some products. This agreement, which was due to expire on August 12, has been extended for another 90 days through an executive order, according to a White House official. Costa Rica - 15% Cote d'Ivoire - 15% Democratic Republic of the Congo - 15% Ecuador - 15% Equatorial Guinea - 15% European Union - 15% on most goods Falkland Islands - 10% Fiji - 15% Ghana - 15% Guyana - 15% Iceland - 15% India - 25%, additional 25% threatened to take effect Aug. 28 Indonesia - 19% Iraq - 35% Israel - 15% Japan - 15% Jordan - 15% Kazakhstan - 25% Laos - 40% Lesotho - 15% Libya - 30% Liechtenstein - 15% Madagascar - 15% Malawi - 15% Malaysia - 19% Mauritius - 15% Mexico - 25% for products not covered by USMCA Moldova - 25% Mozambique - 15% Myanmar - 40% Namibia - 15% Nauru - 15% New Zealand - 15% Nicaragua - 18% Nigeria - 15% North Macedonia - 15% Norway - 15% Pakistan - 19% Papua New Guinea - 15% Philippines - 19% Serbia - 35% South Africa - 30% South Korea - 15% Sri Lanka - 20% Switzerland - 39% Syria - 41% Taiwan - 20% Thailand - 19% Trinidad and Tobago - 15% Tunisia - 25% Turkey - 15% Uganda - 15% United Kingdom - 10%, with some auto and metal imports exempt from higher global rates Vanuatu - 15% Vietnam - 20% for some products, 40% on transshipments from third countries Zambia - 15% Zimbabwe - 15% PRODUCT-SPECIFIC TARIFFS Steel and aluminum - 50% Autos and auto parts - 25% Copper pipes, tubes and other semi-finished products - 50% PRODUCT-SPECIFIC TARIFFS THREATENED BUT NOT IN EFFECT Pharmaceuticals - up to 200% Semiconductors - 25% or higher Movies - 100% Timber and lumber Critical minerals Aircraft, engines and parts Apple (AAPL.O) , opens new tab iPhones - 25% https://www.reuters.com/world/africa/trumps-tariffs-whats-effect-what-could-be-store-2025-08-11/

2025-08-06 18:41

US official's statement on Russia sends oil futures lower Euro gains against dollar Trump orders additional tariffs on goods from India NEW YORK/LONDON, Aug 6 (Reuters) - Wall Street indexes gained on largely upbeat corporate earnings, and U.S. yields also rose on Wednesday, while European shares closed flat and broke a two-day winning streak. U.S. President Donald Trump issued an executive order imposing an additional 25% tariff on goods from India, saying the country has imported Russian oil. Sign up here. Oil prices reversed earlier gains and touched fresh lows after U.S. Secretary of State Marco Rubio indicated there would be an announcement later on Wednesday regarding potential sanctions against Russia over its war in Ukraine. MSCI's gauge of stocks across the globe (.MIWD00000PUS) , opens new tab rose 0.72% to 933.94. On Wall Street, the Dow Jones Industrial Average (.DJI) , opens new tab rose 0.32% to 44,254.95, the S&P 500 (.SPX) , opens new tab gained 0.76% to 6,347.26 and the Nasdaq Composite (.IXIC) , opens new tab added 1.16% to 21,160.02. "Earnings are seeing a mixed reaction. Particularly for a few of the AI names, expectations were just extremely high, but by and large, the earnings in aggregate have been good enough to keep a floor under the market," said Ross Mayfield, investment strategy analyst at Baird. Europe's broad STOXX 600 index (.STOXX) , opens new tab closed 0.06% lower, dragged down by healthcare stocks after Trump announced a tariff plan for the pharmaceutical sector. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) , opens new tab closed lower by 0.08% to 654.33, while Japan's Nikkei (.N225) , opens new tab rose 0.60% to 40,794.86. The health of the U.S. economy is a major focus for markets, and Wall Street closed lower on Tuesday after data showed services sector activity unexpectedly flatlined in July. That reinforced the message from Friday's soft jobs data, which caused markets to significantly increase bets on the Federal Reserve cutting rates in September. "There's this tug-of-war going on between the more concrete signs that we have seen that the U.S. economy is slowing and the fact that rate cuts are coming, which removes some of the pressure on valuations," said Samy Chaar, chief economist at Lombard Odier. Traders have been focused on tariff impacts. "The market is more focused on the fact that we're not getting maximalist tariffs, but I wonder if it isn't focusing enough on the fact that we are still getting something moderate, and more could be coming, pharmaceuticals for example," Chaar said. Trump on Tuesday said he would announce tariffs on semiconductors and chips in the next week or so, while the U.S. would initially impose a "small tariff" on pharmaceutical imports before increasing it substantially in a year or two. He said the U.S. was close to a trade deal with China, and he would meet his Chinese counterpart Xi Jinping before the end of the year if an agreement was struck. Brazil's government has filed a consultation request at the World Trade Organization over U.S. tariffs. In the government bond market, Treasury yields gained ground. The yield on benchmark U.S. 10-year notes rose 4.2 basis points to 4.238%, from 4.196% late on Tuesday. Fed funds futures imply a 94% chance of a rate cut next month, with at least two cuts priced in for this year, according to the CME's FedWatch. Investors are waiting for Trump's pick to fill a coming vacancy on the Fed board of governors. Trump said the decision will be made soon, while ruling out Treasury Secretary Scott Bessent as a contender to replace current chief Jerome Powell, whose term ends in May 2026. The euro was 0.71% higher at $1.1656. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, fell 0.53% to 98.20. Brent oil futures lost 0.95% to $67 a barrel and U.S. crude fell 1.14% to $64.43. Spot gold prices fell 0.33% to $3,369.62 an ounce. U.S. gold futures settled flat at $3,433.4. https://www.reuters.com/world/china/global-markets-wrapup-6-graphics-2025-08-06/

2025-08-06 18:17

BRASILIA, Aug 6 (Reuters) - Brazil posted a trade surplus of $7.1 billion in July, down 6.3% from a year earlier, as imports grew at a faster pace than exports, official data showed on Wednesday. Exports rose 4.8% to $32.3 billion, while imports jumped 8.4% to $25.2 billion, driven by strong demand across a broad range of goods. Sign up here. Year-to-date, the trade surplus shrank by a quarter to $37 billion when compared to the same period last year, as resilient domestic activity continued to support import growth. The government expects Latin America's largest economy to expand 2.5% this year despite an aggressive monetary tightening cycle that began last September to curb inflation and that has put the country's benchmark interest rate at a near 20-year high of 15%. July import growth was widespread, with double-digit increases across key categories including fertilizers, fuels, machinery and engines, auto parts, and pharmaceuticals. Export value gains, typically driven by commodities, were supported by modest increases in soybean shipments and more robust growth in coffee, crude oil and beef exports. https://www.reuters.com/world/americas/brazils-july-trade-surplus-narrows-63-imports-outpace-exports-2025-08-06/

2025-08-06 16:08

BOGOTA, Aug 6 (Reuters) - Colombian state-run oil producer Ecopetrol hit its highest output in a decade in the second quarter, CEO Ricardo Roa told journalists on Wednesday. He did not give exact production figures as the firm is set to publish its second-quarter earnings next week, but said that "a good portion" of the output had come from Ecopetrol's domestic operations. Sign up here. https://www.reuters.com/business/energy/colombias-ecopetrol-logs-highest-output-decade-second-quarter-2025-08-06/

2025-08-06 15:58

SANTIAGO, Aug 6 (Reuters) - Chile's state-run mining company ENAMI has kicked off a process to draw in investors for a $1.7 billion smelter in exchange for copper cathode supply, it said on Wednesday. The Hernan Videla Lira smelter in the Atacama region is undergoing renovations that will give it the capacity to process 850,000 metric tons of copper concentrate a year and produce 240,000 tons of copper cathodes, ENAMI said. Sign up here. The company is analyzing various financing options, and has brought on Chilean financial adviser Asset to gauge interest from investors in the coming weeks, it said. ENAMI also created a new business unit to develop the smelter, called Proyecta ENAMI. Chile is the world's biggest copper producer, and sends the majority of its concentrate for processing in China. https://www.reuters.com/business/energy/chiles-enami-opens-door-investors-17-bln-smelter-2025-08-06/

2025-08-06 14:49

WASHINGTON, Aug 6 (Reuters) - Apple Inc (AAPL.O) , opens new tab will announce a domestic manufacturing pledge of $100 billion on Wednesday that will focus on bringing more manufacturing to the United States, a White House official said. The pledge would be a new financial commitment, the official said on the customary condition of anonymity. It comes as President Donald Trump pursues an aggressive tariff and trade agenda aimed at moving some manufacturing back into the United States. Sign up here. Apple said in February it would spend $500 billion in U.S. investments in the next four years that will include a giant factory in Texas for artificial intelligence servers while adding about 20,000 research and development jobs across the country. Apple (AAPL.O) , opens new tab did not immediately respond to requests for comment. Trump's tariffs cost Apple $800 million in the June quarter and spurred some customers to buy iPhones in late spring this year. Apple has been shifting production of products bound for the U.S., sourcing iPhones from India and other products such as Macs and Apple Watches from Vietnam. The ultimate tariff rates many Apple products could face remain in flux, and many of its products are currently exempt. "Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security," White House spokeswoman Taylor Rogers said in a statement. The previously announced $500 billion in expected spending from Apple includes everything from purchases from U.S. suppliers to U.S. filming of television shows and movies for its Apple TV+ service. Nancy Tengler, CEO and CIO of Laffer Tengler Investments, which holds Apple shares, said the announcement would be a "savvy solution to the president's demand that Apple manufacture all iPhones in the U.S. "The stock is up on the news, likely a relief rally that (Apple CEO Tim) Cook, who has been largely mute in response to the attacks on the company, is extending an olive branch." Earlier, White House economic adviser Kevin Hassett told Fox Business Network that Apple was likely to make an investment announcement on Wednesday, as he discussed the financial pledges made by companies and countries under Trump. https://www.reuters.com/business/retail-consumer/apple-pledge-100-billion-us-manufacturing-white-house-official-says-2025-08-06/