The trade war between Europe and America: Allies split under the 30% tariff stick
The Washington heat wave in July rolled over, but Trump's "tariff ultimatum" suddenly cooled down transatlantic relations.
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The Washington heat wave in July rolled over, but Trump's "tariff ultimatum" suddenly cooled down transatlantic relations.
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According to Reuters, during the earnings call for the third quarter of 2025 held recently, Nike announced a highly anticipated strategic adjustment: Starting from the fiscal year 2026, the brand will gradually increase the prices of its core products globally, mainly covering its best-selling Air Max, Jordan series of sports shoes and some clothing.
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On July 15th, the World Trade Organization released data showing that due to expectations of the US raising tariffs, global trade in goods grew strongly in the first quarter of this year.
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Indonesia, as a resource-rich country with 60% of the world's nickel reserves, has recently found itself in a dilemma. Although Indonesia accounts for nearly two-thirds of the global nickel production capacity, enterprises are deeply in the red and forced to halt production due to losses.
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On July 15, 2025, US President Trump made a high-profile announcement on social media about reaching a "landmark" trade agreement with Indonesia, claiming that Indonesia would "open its entire market to the United States for the first time."
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Recently, US President Donald Trump announced that he plans to impose a tariff of up to 50% on imported copper starting next month.
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On July 14th local time, US President Trump expressed his extreme dissatisfaction with Russia and announced two measures aimed at pressuring Russia to end the Ukraine crisis, including providing military assistance to Kiev through NATO, and threatening that if Russia fails to reach a peace agreement with Ukraine within 50 days, the US will impose "very severe and approximately 100% tariffs" on Russia.
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Recently, a piece of news has caused a stir in the global business market: US President Trump announced that starting from August 1st, he would impose a 50% tariff on Brazilian coffee and orange juice and other goods.
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Recently, Tesla opened its first experience center in Mumbai, India, marking the official launch of the global electric vehicle giant's attack on the South Asian market.
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The United States has launched an investigation into imports of drones, drone components and polysilicon, a key material for solar energy, laying the groundwork for possible tariffs on these goods.
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Since 2022, the Fed has cumulatively reduced its balance sheet by $2.4 trillion through quantitative tightening (QT) policies, leading to a near depletion of liquidity in the financial system.
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