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Reuters (July 15)

2025/ 07/ 17 by jd in Global News

“Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers.” With the outlook “upended” by Trump’s tariffs, the U.S. still “remains by far the most important market for Japan’s Toyota, South Korea’s Hyundai and Asian rivals including Honda and Nissan. North America accounts for at least 40% of the revenue at both Toyota and Hyundai.”

 

CNN (July 14)

2025/ 07/ 16 by jd in Global News

“The Port of Los Angeles rebounded in June for a record-breaking month as importers raced to get cargo into the port before the ‘reciprocal’ tariff pause ended July 9…. President Donald Trump has since pushed that deadline to August 1.” The port, which “gets more goods from China than any other country,” benefitted from a “whipsaw” effect in June and with the tariff postponement is also expecting a flurry of activity in July. However, the National Retail Federation’s port tracker then expects a “fall by double digits through the end of the year.”

 

Market Watch (July 14)

2025/ 07/ 15 by jd in Global News

In contrast with previous guidance, Goldman Sachs now expects U.S. home prices to grow only 0.5% in 2025 and 1.2% the following year, “a huge drop from the growth the market saw during the pandemic.” Goldman cited “three big reasons for its pessimism regarding home prices: slowing prices, rising housing supply and persistently high mortgage rates.”

 

Wall Street Journal (July 12)

2025/ 07/ 14 by jd in Global News

“Would Tariff Man please take a summer vacation for the good of the nation? Stocks tumbled on Friday after President Trump announced he will raise tariffs on Canada to 35%, starting Aug. 1.” Following this, Trump “floated increasing his current 10% across-the-board tariffs on many countries to 15% or 20%.” Tarriff Man “seems to think that his unpredictability is a negotiating advantage. But keeping trading partners guessing—along with investors and U.S. companies with global supply chains—isn’t a recipe for economic strength.”

 

Investment Week (July 11)

2025/ 07/ 13 by jd in Global News

The UK was the “fastest growing G7 economy in Q1 2025, but this memory now seems distant. “Industry professionals have reacted with disappointment to the latest monthly UK GDP figures for May, which showed the economy contracted by 0.1%,” following on top of April’s 0.3% decline. Production output tumbled, “falling by 0.9% after an unchanged fall of 0.6% in April, while the construction sector dipped by 0.6% in May from a 0.8% growth the month before.”

 

The Economist (July 11)

2025/ 07/ 12 by jd in Global News

“Growth is abysmal; wages are low. But seen from the outside, Britain is a great place to contract services and buy bargain-basement bonds.”

 

The Guardian (July 9)

2025/ 07/ 11 by jd in Global News

“As the climate crisis throws its destructive effects ever more fully in our faces, cities during heatwaves are their own type of ground zero.” We need to “create more green spaces and more tolerable streets” Make no mistake, “extreme heat is our future” so “European cities must adapt.” It is true that “greenery, shade and swimming spots won’t solve the climate crisis, but they’re becoming ever more critical.”

 

New York Times (July 8)

2025/ 07/ 10 by jd in Global News

“China has overtaken Detroit as the center of the global auto industry. America can embark on an all-out push to rebuild world-class manufacturing and supply chains, or our carmakers can hide behind tariffs, continue making gas-powered trucks and S.U.V.s and fade into irrelevance.”

 

Bloomberg (July 7)

2025/ 07/ 09 by jd in Global News

Wall Street currency traders are increasingly “flying blind” as once reliable models misfire and new forces, “like the broad shift of money out of the US and foreign investors buying dollar hedges,” drive markets. Since Trump’s second term began, currency experts “have been blindsided by the dollar’s selloff and are now questioning whether the past few months will go down as a chaotic but short-lived adjustment or the start of a harder-to-navigate era.”

 

Barron’s (July 7)

2025/ 07/ 08 by jd in Global News

“Trade tensions are likely to recapture markets’ attention this week and through the summer months as President Donald Trump looks to ride his recent wins on taxes and immigration into tariff negotiations.” Since “reshaping the international trade system is a vastly complex enterprise,” the ensuing “uncertainty tied to trade talks… likely will be a feature for markets into the back half of the year and possibly beyond.”

 

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