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Saturday, July 12, 2025

Saturday's News Links

[Yahoo/Reuters] Trump announces 30% tariffs on EU, Mexico

[AP] 30% US tariff on European goods threatens to shake up a key trade relationship

[Politico] EU ready to retaliate after Trump hits bloc with 30 percent tariff

[Politico] White House probe fuels speculation Trump could oust Fed chief Powell

[AP] Trump’s sudden shifts make his policies baffling to countries trying to negotiate lower tariffs

[Yahoo/Reuters] US online spending surges $24.1 billion as steep discounts boost sales, Adobe says

[Yahoo/Reuters] Oil Market’s Focus Shifts to Demand as Trump Reignites Trade War

[AP] Russia warns US, South Korea and Japan against forming security alliance targeting North Korea

[Axios] "You could never have enough": Militaries scramble for air defense interceptors

[Bloomberg] Trump Says US to Impose 30% Tariffs on EU, Mexico Next Month

[Bloomberg] Risk of Powell Ouster Is Underpriced, Deutsche Bank Strategist Says

[NYT] Fed Defends Renovations as White House Widens Attacks on Central Bank

[WSJ] Trump Threatens 30% Tariffs on EU, Mexico

[WSJ] White House Seizes on Fed Renovations as Opening to Oust Powell

[WSJ] ‘Tariff Man’ Strikes Again—at Canada

[WSJ] America’s Brain Drain Could Become the World’s Brain Gain

[WSJ] Investors Get New Breaks on Capital-Gains Taxes in Trump Law

[WSJ] In the Hills of Australia, Pacific Allies Are Training to Fight China

[FT] Trump says he will impose 30% tariffs on the EU and Mexico from August 1

[FT] US demands to know what allies would do in event of war over Taiwan