Articles in this Cluster
07-07-2025
Asia-Pacific stock markets traded mixed on Monday following U.S. President Donald Trump's confirmation that 'reciprocal' tariffs will take effect on August 1 for countries that haven't reached a trade deal. Trump's announcement led to a decline in U.S. stock futures, with Dow Jones Industrial Average futures sliding 0.32%. The Reserve Bank of Australia is expected to cut interest rates by 25 basis points to 3.60%. Japan's Nikkei 225 and Australia's S&P/ASX 200 declined, while South Korea's Kospi rose slightly. Oil prices fell after OPEC+ agreed to increase crude production.
Entities: Donald Trump, Asia-Pacific, United States, Reserve Bank of Australia, Nikkei 225 • Tone: neutral • Sentiment: negative • Intent: inform
07-07-2025
US stock futures fell on Monday after President Donald Trump announced an additional 10% tariff on countries aligning with BRICS' 'Anti-American policies' and confirmed tariffs will go into effect on August 1. Dow Jones Industrial Average futures slid 0.31%, S&P 500 futures dipped 0.47%, and Nasdaq 100 futures fell 0.56%. Trump's announcement came as the BRICS meeting is underway in Rio de Janeiro, Brazil. Investors had been expecting tariff rates to go into effect this week, but the White House had called the July trade deadlines 'not critical.' Experts remain divided on the impact of tariffs on the stock market, with some expecting increased volatility and others betting on a continued rally.
Entities: Donald Trump, BRICS, New York Stock Exchange, Dow Jones Industrial Average, S&P 500 • Tone: neutral • Sentiment: negative • Intent: inform
07-07-2025
US President Donald Trump has threatened to impose an additional 10% tariff on countries that align with the BRICS bloc, which he perceives as having "anti-American" policies. The BRICS leaders, meeting in Rio de Janeiro, responded by criticizing Trump's sweeping tariff policies as "unjustified unilateral protectionist measures" that distort trade and threaten the global economy. The move is seen as a retaliatory measure against the BRICS bloc's growing influence and its challenge to the US-led world order.
Entities: Donald Trump, BRICS, Rio de Janeiro, United States, China • Tone: neutral • Sentiment: negative • Intent: inform
07-07-2025
As the July 9 deadline for trade deals between the U.S. and several key trading partners approaches, Morgan Stanley has outlined three possible scenarios for markets to consider regarding Trump's trade tariffs. The scenarios include a 'kick the can' outcome where the U.S. extends the pause in tariffs, a 'tactical escalation' where the U.S. reimposes tariffs on some countries, and a 'framework frenzy' where the U.S. announces frameworks rather than fully developed trade deals. Despite some optimism, experts warn of the possibility of escalating conflict and counter-tariffs if no deal is reached.
Entities: Donald Trump, Morgan Stanley, U.S., European Union, Japan • Tone: analytical • Sentiment: neutral • Intent: inform
07-07-2025
President Trump revived his trade war threat with over a dozen countries, including close allies Japan and South Korea, by threatening steep tariffs on their exports unless they agree to trade deals by August 1. The move caused markets to drop as investors assessed the prospect of more trade conflict. Trump extended the timeline for dozens of other countries to agree to deals with the US or face tariffs, signing an executive order delaying the stiff levies that were supposed to snap back on July 9. The US has been nearing an initial trade framework with India, and officials from the European Union have seemed increasingly confident that they will be able to reach an arrangement to avoid tariffs.
Entities: Donald Trump, United States, Japan, South Korea, Malaysia • Tone: neutral • Sentiment: negative • Intent: inform
