Link Securities | Trade negotiations between the US and China concluded on Tuesday, with negotiators suggesting that the meeting was productive but without making any major announcements. No explicit decision was taken, nor was a 90-day extension of the deadline for imposing tariffs agreed, which in China’s case is 12 August. In this regard, Treasury Secretary Scott Bessent said that it is an option but that President Trump will make…
Link Securities | The digital portal Bolsamania.com reported that President Donald Trump has indicated that he will ‘probably’ implement a general tariff of between 15 and 20% on imports to the United States from countries that have not negotiated separate trade agreements. ‘For the world, I would say it will be somewhere between 15 and 20%… I just want to be nice,’ the president said during a press conference with…
Link Securities | US President Donald Trump announced yesterday a trade agreement with Japan that will result in the imposition of 15% trade tariffs on Japanese imports, instead of the 25% tariffs announced in the initial letter. Government officials from both countries confirmed that this tariff reduction will also apply to automobiles. Trump said Japan agreed to open its agricultural and automotive markets to US companies. Bloomberg quoted a senior…
Bankinter | Industrial production and capacity utilisation exceeded expectations in June. Industrial production rose by 0.3% month-on-month in June, compared to expectations of 0.1% and the previous figure of 0.0%. Capacity utilisation stood at 77.6%, compared to expectations of 77.4% and the previous figure of 77.5%. By segment, all areas improved and posted growth in June. Analysis team’s view: Industrial activity has been positive for three consecutive months, taking advantage…
Renta 4 | The United States has continued to send letters (to six countries) informing them of its next steps, mainly the establishment of tariffs from 1 August. However, on Wednesday, these were sent to countries of lesser importance in terms of trade volume, while the markets remain complacent in anticipation of the announcement of trade agreements with more important partners (the EU and India). In addition, countries such as…
Link Securities | On Monday, US President Donald Trump announced the imposition of 25% tariffs on imports of products from Japan and South Korea, similar to the tariffs imposed on 2 April, known as ‘Liberation Day’. Malaysia also received 25% tariffs on exports of its products to the United States, while other Asian countries such as Thailand received higher tariffs (36%). At the same time, Trump signed an executive order…
Intermoney | Donald Trump announced yesterday that he had reached an agreement with Vietnam. The terms stipulate that Vietnam will pay the United States a 20% tariff on all goods exported to US territory and a 40% tariff on any transhipments, while in return, Vietnam will grant the United States full access to its commercial markets. Vietnam presented a particular challenge for the Trump administration, as some of the president’s…
Bankinter | The Senate approved, by a narrow margin of 51 to 50, the stimulus package proposed by President Trump, known as “One Big Beautiful Bill”. The approval was only possible thanks to the tie-breaking vote of Vice President JD Vance, after three Republican senators joined the Democratic opposition. Bankinter analysis team’s view: The package, which now goes to a new vote in Congress, provides for extending and making permanent…
Link Securities | The tax and spending package proposed by US President Trump poses significant threats to the renewable energy sector, according to StreetAccount analysts. The Senate bill introduces new taxes on wind and solar projects with Chinese components after 2027, while tightening qualification rules, requiring projects to be operational by 2027, rather than simply started. In addition, they point out that the legislation could reduce US renewable capacity by…
Link Securities | The financial news website CNBC reported that the United States and China confirmed on Friday the details of the trade agreement reached by both parties earlier this month in London, which will implement the Geneva consensus, according to a statement issued by the Chinese Ministry of Commerce. China will review and approve export applications for products subject to export control regulations, while the United States will cancel…