US goods trade deficit widens sharply in July WASHINGTON (Reuters) -The U.S. trade deficit in goods widened sharply in July as imports surged, suggesting trade could be a major drag on economic growth in the third quarter. The goods trade gap soared 22.1% to $103.6 billion last month, the Commerce Department’s Census Bureau said on Friday. Economists polled by Reuters had forecast the goods trade deficit would rise to $89.45 billion. Imports of goods jumped $18.6 billion to $281.5 billion. Goods exports dipped $0.1 billion to $178.0 billion. An ebb in import flows led to a sharp contraction in the trade deficit in the second quarter, which added a record 4.95 percentage points to gross domestic product growth that period. The economy grew at a 3.3% annualized rate last quarter. GDP contracted at a 0.5% rate in the January-March quarter, weighed down by a sharp deterioration in the trade deficit that was driven by businesses front-running imports at a record pace before President Donald Trump’s sweeping tariffs kicked in. The Atlanta Federal Reserve is currently estimating GDP will increase at a 2.2% rate in the third quarter. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. The best opportunities often hide in plain sight—buried among thousands of stocks you'd never have time to research individually. That's why smart investors use our Stock Screener with 50+ predefined screens and 160+ customizable filters to surface hidden gems instantly. For example, the Piotroski's Picks method averages 23% annual returns by focusing on financial strength, and you can get it as a standalone screen. Momentum Masters catches stocks gaining serious traction, while Blue-Chip Bargains finds undervalued giants. With screens for dividends, growth, value, and more, you'll discover opportunities others miss. Our current favorite screen is Under $10/share, which is great for discovering stocks trading under $10 with recent price momentum showing some very impressive returns!

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Canada to remove retaliatory tariffs on many U.S. goods Prime Minister Mark Carney said Canada is dropping 25% tariffs on a long list of U.S. products to ease trade tensions.

#Canada #tariffs #usgoods

CBS News:

www.cbsnews.com/news/canada-...

US producer prices surge in July as Trump tariffs push costs higher U.S. wholesale inflation surged unexpectedly last month as President Donald Trump’s sweeping taxes on imports are pushing costs higher

#tariffs #usgoods #usconsumercosts #priceofthings

AP / ABC News:

abcnews.go.com/Business/wir...

#EconomicIlliterate😡

#IndiaSlappedWithA50%TariffBecauseItBuysOilFromRussia

#SwitzerlandFacingA39%Tariff. It’s only sin, it exports more than it imports. BTW, the tariff on #USGoods is 0%.

Procter & Gamble hikes US prices to blunt tariff hit as CEO transition looms Procter & Gamble on Tuesday forecast annual results largely below estimates and said it would raise prices on some products in the U.S., a day after naming insider Shailesh Jejurikar as CEO to steer it through tariff uncertainty.

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#TariffWar #ProctorGamble
#USGoods
www.reuters.com/business/pro...

EU to advance retaliation on US goods as tariff hike looms By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission plans to submit counter-tariffs on 93 billion euros ($109 billion) of U.S. goods for approval to EU members, while its trade chief will hold talks with U.S. Commerce Secretary Howard Lutnick. The Commission said on Wednesday its primary focus was to achieve a negotiated outcome with the United States to avert 30% U.S. tariffs that U.S. President Donald Trump has said he will impose on the 27-nation bloc on August 1. European Trade Commissioner Maros Sefcovic will speak with Lutnick from Brussels on Wednesday afternoon, the Commission said, before Commission officials brief EU ambassadors on the state of play. The Commission said it would in parallel press on with potential countermeasures. It said it would merge its two sets of possible tariffs of 21 billion euros and 72 billion euros into a single list. It added it would submit this to EU members for approval. No countermeasures would enter force until August 7. So far the EU has not imposed any countermeasures, agreeing to, but then immediately suspending, the first set in April. Germany supports the EU readying countermeasures, a government representative said. U.S.-JAPAN DEAL AS TEMPLATE? The Commission may be buoyed by the initial deal struck between the United States and Japan. European shares climbed about 1%, led by automobile stocks, after Trump revived hopes for a trade deal with the EU following the U.S. agreement with Japan, which includes a 15% baseline rate. One stand-out feature of the deal was that the same rate applies to cars, against the current U.S. tariff of 25%, something the EU may want for its similar level of auto exports. In 2024, the U.S. imported more than $55 billion of vehicles and automotive parts from Japan. From the EU, the equivalent figure was 47.3 billion euros ($55.45 billion), with far fewer U.S. models sold into the EU or Japanese market. EU official say Washington has shown little sign of budging over car tariffs, but the Japan deal could point the way. The German government representative said U.S.-Japan relations were not comparable to those between the EU and the United States. UBS analysts said it was difficult to make assumptions for a potential EU-U.S. deal, but did say that unless the EU secured an agreement, Japanese automakers would be at an advantage. Volkswagen (ETR:VOWG_p) and BMW (ETR:BMWG) declined to comment. EU diplomats were reluctant to provide early comments, instead saying they were picking through details of the U.S.-Japan deal, such as that Japan would buy more rice from the United States, but would keep existing tariffs on agricultural products. Simon Evenett, professor of geopolitics and strategy at IMD Business School, said the 15% rate was lower than what Trump had recently threatened Japan with and it was notable that it appeared to apply to Japanese cars. "Whatever the Japanese got will become the minimum for the EU negotiating objectives," he said. ($1 = 0.8524 euros) With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is BMWG one of them?

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Have also been shunning #usgoods since #drumph was made president

Trump tariffs live updates: Cell phones, chips and laptops get a reprieve from tariffs; China hikes tariffs on US goods to 125% - Yahoo Finance Trump tariffs live updates: Cell phones, chips and laptops get a reprieve from tariffs; China hikes tariffs on US goods to 125%  Yahoo Finance

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Beijing slaps 125% tariffs on U.S. goods in latest U.S.-China trade escalation China signals the latest tariff hike will be its last round of tit-for-tat measures, prompting sharp falls in European shares, as Asian stocks end the day mixed.

Beijing slaps 125% tariffs on U.S. goods in latest U.S.-China trade escalation:
www.npr.org/2025/04/11/n...
#BreakingNews #China #ChinaTariffs #TrumpTariffs #TradeWar #USGoods #WallStreet #IncompetentTrump #Trump #USChina #Vietnam #TrumpNews #TeamTrump

FTSE 100 LIVE: Stocks plunge deeper into the red as China retaliates with 84% tariffs on US goods - Yahoo FTSE 100 LIVE: Stocks plunge deeper into the red as China retaliates with 84% tariffs on US goods  Yahoo

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European Union imposes new retaliatory tariffs on US goods. #tariffs #Trump #EU #EuropeanUnion #USgoods

U.S. goods prices seen "broadly rising" from April through September, Citi says Investing.com - U.S. goods prices are expected to broadly rise from April through September this year following the imposition of President Donald Trump’s sweeping tariffs, according to analysts at Citi. In a note to clients, the analysts projected that the levies, which include a minimum 10% levy for all U.S. imports and targeted rates of up to 50%, would combine with prior trade actions this year to translate into a roughly 19% increase in the overall effective tariff rate. This rate may rise should sectoral tariffs be announced in the coming days and weeks, the Citi analysts said. However, they noted that there remains "substantial uncertainty around the timing and magnitude of price jumps. The core Q4/Q4 personal consumption expenditures price index -- a measure of inflation closely watched by Federal Reserve policymakers who have recently flagged uncertainty around the impact of Trump’s tariffs -- is projected to end the year at 3.5%. The underlying consumer price index is anticipated to be "a bit higher," the analysts added. Markets are still attempting to understand if the Trump administration plans to impose the tariffs permanently or use them as a cudgle during negotiations with trading partners. On Monday, Trump said "both can be true." Trump has said he is not considering a pause on the tariffs to allow for negotiations with trading partners. But he noted that he was open to speaking with China, Japan and other countries. U.S. Trade Representative Jamieson Greer is due to tell the Senate Finance Committee on Tuesday that he has been approached by almost 50 countries asking to discuss Trump’s sweeping tariffs, according to media reports. Greer will say in written testimony that several of these countries, like Argentina, Vietnam, and Israel, have suggested they will bring down their tariffs and non-tariff barriers, Reuters reported.

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#WorldNews #ImpeachTrump #TrumpTarrifTerrorist
#USGoods

The world is boycotting US Goods. Pay attention
#DemVoice1 #Voices4Victory #ProuldBlue
#ResistanceUnited

www.youtube.com/watch?v=bBT4...

Sales of US goods ‘rapidly dropping’ at Canadian grocery stores

🇺🇸 🛒⬇️💨🇨🇦 #USGoods #CanadianGroceries

Jose Cuervo Faces Financial Strain from US Tariffs on Mexican Goods Tequila giant anticipates $80 million loss due to tariffs, with profits already down 21% amid declining US demand.

Jose Cuervo Faces Financial Strain from US Tariffs on Mexican Goods: Tequila giant anticipates $80 million loss due to tariffs, with profits already down 21% amid declining US demand. #JoseCuervo #Tequila #USGoods #Tariffs #FinancialStrain

After Trump implemented 25 percent #BlanketTariffs on #Canada #Trudeau retaliated with targeted tariffs on #USGoods. #Ontario Premier #DougFord, who has threatened to cut off oil to the #UnitedStates over tariffs, discussed the ongoing trade dispute between the US and Canada
youtu.be/avbaXEy7CS0?...