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US Treasury Secretary Besant: The Fed's interest rates have been too high for too long; we are about to enter an easing cycle. Powell should have signaled a 100 to 150 basis point rate cut. This news is negative for the US dollar.
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The United States has released the official document of the tariff agreement with the European Union. The U.S. has officially reduced tariffs on EU automobiles to 15%, effective from August 1, 2025. This news is positive for the European automotive manufacturing industry.
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The United States has launched a Section 232 investigation into imported medical devices, industrial machinery, and other products. This news is negative for medical import and export enterprises.
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