Following threats of new tariffs by former U.S. President Donald Trump against countries aligning with BRICS, China responded that the economic group does not seek confrontation and does not target any specific nation. China’s Foreign Ministry emphasized BRICS’ focus on cooperation and inclusivity in response to the potential tariff hikes. Trump’s plans to reimpose higher tariffs threaten to disrupt global trade, despite a recent trade agreement between the U.S. and China. The BRICS summit in Brazil condemned the tariff increases without naming Trump, while key leaders, Xi Jinping and Vladimir Putin, were notably absent.
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On Sunday, President Trump announced plans to send letters to US trade partners beginning Monday, outlining new tariff rates on goods sold to Americans, with some deals also in the works. Although the president was initially uncertain about the implementation date, the Commerce Secretary clarified that the new rates would take effect on August 1st. These tariffs, originally set in April and delayed until July 9th, now offer a further reprieve, while also creating uncertainty for importers. US officials are also preparing for major trade announcements in the coming days, and the possibility for deadlines being pushed back exists based on the nature of negotiations.
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A White House insider claims the Trump administration’s trade talks are more about entertainment than achieving actual trade deals. The insider stated that the president enjoys the attention the “tariff conversation” brings, dismissing the self-imposed deadlines as a theatrical production. Despite announcing a three-month window for new agreements, and hinting at numerous finalized deals, only a few limited arrangements have been made before the deadline. This ambivalence has led to concerns from some of the president’s allies who question his commitment to securing new trade opportunities.
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France’s Macron calls tariffs imposed by powerful countries a form of “blackmail,” and the statement, delivered during a speech at an international conference, immediately sparks a complex web of thoughts. The very notion of a prominent leader using such strong language warrants immediate attention. It forces us to consider the underlying motives and implications of using tariffs as a tool in global trade. It’s not just about the economics of it all. It’s about power dynamics and how they shape international relationships.
Essentially, Macron’s declaration is a condemnation of the way some powerful nations leverage their economic weight. The term “blackmail” implies an element of coercion, a threat that’s intended to manipulate and gain an advantage, not as a means of fair balancing within the trade system.… Continue reading
In a surprising move, former President Donald Trump announced the termination of trade discussions with Canada on Friday, citing Canada’s implementation of a digital services tax on tech companies. Trump stated that the tax, which is retroactive to 2022 and due to be paid beginning June 30, was a direct attack on the United States. This announcement came shortly after a period of relative calm in trade announcements. In response, Canada retaliated by imposing quotas on some steel imports and a surcharge on imports exceeding those quotas.
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The European Commission President floated a plan for the EU and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to form a new global trade initiative. This initiative would overhaul the rules-based global trading order, potentially supplanting the World Trade Organization, with the United States not guaranteed an invitation. The proposal aims to demonstrate the viability of free trade among a large group of countries based on a strong foundation of rules. The President also noted that the U.S. left a certain point.
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The Trump administration’s tariffs on Canadian and Mexican imports are significantly impacting Montana’s agricultural sector, causing a substantial drop in crop prices and costing the state billions. Montana’s robust trade relationship with Canada, its largest trading partner, is particularly vulnerable, with farmers facing contract disruptions and added costs due to the 25% tariff. The Montana Farmers Union is advocating for the bipartisan Trade Review Act of 2025 to increase congressional oversight of tariff implementation. Furthermore, they support a motion for an injunction against the tariffs, seeking judicial review to mitigate the economic harm.
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While President Trump claims foreign leaders are desperately seeking deals and “kissing his ass,” a Politico report contradicts this, revealing that several countries, including the Philippines and the U.K., have been unable to reach the administration for discussions regarding tariffs. Despite these claims of unreturned communication, Press Secretary Leavitt insists that the administration is receiving numerous calls. This discrepancy highlights a significant communication breakdown between the Trump administration and other world leaders.
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John Q. Hosedrinker 
Matt Underwood