U.S. President Donald Trump points to a newly installed flagpole while leaving the White House in Washington, D.C. on July 11, 2025
Win McNamee | Getty Images
No one likes to work on weekends.
Unless you are the leader of the free world, announcing it in a social media post (after all, what job is now for many politicians, is a barrier to the free flow of goods.
Some speculate why U.S. President Donald Trump issued a tariff letter to the EU and Mexico on Saturday, a steep 30% stake in goods imported from both. this The first batch of letters Release on Monday, second Wednesday. With this rhythm, the latest letter should be sent on Friday.
No.
These are two possibilities (to me, it’s pure guess).
Maybe Trump wants to save his most devastating Salworth – the EU and Mexico are The largest trading partner of the United States – When the market closes, traders are avoided immediately strong opposition.
But considering Trump, it seems unlikely Tell NBC News on Thursday he believed that “tariffs have been very popular” because “stock markets have reached new highs.” And, as JPMorgan CEO Jamie Dimon Point out On the same day, there was “complacent” in the market because investors were “not desensitized” to tariff news.
Maybe Trump just wants to annoy his peers, especially those on the mainland. Working on a weekend may be angered at Americans, but it is basically a victim to Europeans.
An unexpected combination of high tariffs – Trump and U.S. Commerce Secretary Howard Lutnick’s comments last week impressed There is a favorable deal in the book – And the violation of the right to disconnect will surely bother the President of the European Commission Ursula von der Leyen and her similar behaviors.
Perhaps it doesn’t make sense to try to understand the timing of the announcement, let alone tariffs. The only thing that is certain is that for many people, there was no dancing on Saturday night.
What you need to know today
The United States imposes 30% tariffs on the EU and Mexico. Trump on Saturday Revealed these tariffs exist letter Posted About the Truth Society. EU Suspend its retaliatory tariffsoriginally scheduled to take effect on Monday, hope to reach an agreement.
U.S. stock futures on Sunday night in the U.S. These three major U.S. indexes fell On Friday, place them in the red of the week. Most of the Asia-Pacific markets are rising Monday, and Bitcoin Hitbreaking the $120,000 level.
China’s export growth in June beat expectations. In the form of US dollars, Exports jumped 5.8% Started a year ago Customs data displayed on Mondaysurpassing Reuters poll estimates, increased by 5%. Their cargo surged to non-U.S. countries.
CEO Jansen Huang said the Chinese military will not use NVIDIA chips. exist interview “We don’t have to worry about China using American manufacturing technology” on Sunday, Huang said: “They can’t rely on it at all.”
(PRO) expects tariffs to deal a serious blow to European companies. Company Earnings per Share Stoxx 600 in Europe According to LSEG’s research, it will decline in the second quarter. This is Departments that investors should pay attention to This income season.
at last…
The NIO ET5 electric vehicle of Oslo taxi from Chinese multinational electric vehicle manufacturer Nio Inc drove through Oslo, the capital of Norway, on September 27, 2024.
Jonathan Nackstrand | AFP | Getty Images
Chinese auto brands are rapidly attacking in Europe’s EV Utopia
Since the first shipment of MG cars to Norway in January 2020, Chinese electric vehicle brands have accounted for about 10% of the combined market share. The explosive growth is particularly noteworthy given Norway’s decision not to impose tariffs on Chinese electric vehicle imports.
Norway’s tariff policies are different from the United States and the European Union, which are responsible for electric vehicles made in China to protect traditionally dominant American and European brands.
– Sam Meredith
