La Cina preoccupata per il massiccio accordo commerciale tra Stati Uniti ed Europa | Dettagli del…

La Cina preoccupata per il massiccio accordo commerciale tra Stati Uniti ed Europa | Dettagli del…

Happy Monday everybody. Welcome to another episode of Market Update where we discuss leading financial and economic developments in Europe, Asia, and North America. My name is Tony. Let’s jump in. And first up, as anticipated, the United States and the European Union reached a huge trade pact that will impose a 15% tariff on most EU exports, including automobiles, narrowly avoiding a transatlantic trade war that could have shaken the global economy. The deal announced less than a week before the scheduled hike in US tariffs was hailed by leaders on both sides as a stabilizing force for global trade. US President Donald Trump and European Commission President Ursula Von Lion unveiled the agreement at Trump’s Turnberry Golf Course in Scotland on Sunday. Yesterday, while the full text was not released, US officials confirmed the 15% tariff would take effect on August the 1st. Trump declared it quote the biggest of all the deals. End quote. while V on the Lion called the pact a quote sustainable in quote framework bringing quote stability and predictability end quote European markets responded positively with stock futures rising and the euro strengthening against the dollar however the agreement drew mixed reactions within the block Germany’s main industry lobby criticized the arrangement warning it quote sends a fatal signal to the closely interwined economies on both sides of the Atlantic end quote the deal sets the EU’s export tariffs significantly higher higher than US rates, a point of underlying defended as part of efforts to rebalance a trade surplus with the United States. A key sticking point had been pharmaceuticals and semiconductors, which Trump initially suggested would be exempt. Bondelion later clarified the 15% tariff would apply across the board, including chips and drugs, while metals would face a separate quota system. US officials confirmed pharmaceuticals would indeed be subject to the 15% rate despite an ongoing section 323 probe into the sector. The agreement also includes major European commitments to the US economy. Trump said the EU would purchase 750 billion US in American energy products, invest 600 billion US in US industries, open markets for zero tariff trade, and buy quote vast amounts in quote of US military equipment. Details on European wine and spirits remain under negotiation. Without the deal, average US tariffs were projected to surge to nearly 18% from the current 13.5%. The new arrangement caps that increase at 16%, avoiding the steep escalation many feared. Still, some industries remain exposed. EU steel and aluminium exports will continue to face 50% tariffs, though a quota system is under discussion. The breakthrough follows months of tense shuttle diplomacy and Trump’s escalating threats. In May, he warned of imposing 50% duties on nearly all EU goods, later reducing the threat to 30%. The looming August 1st deadline forced both sides to compromise. EU negotiators were prepared to hit 117 billion US of American exports with retaliatory tariffs if talks collapsed. The pact removes a major risk to the $ 1.7 trillion US transatlantic trading relationship, but underscores the US administration’s broader effort to reshape and reset global commerce. Quote, the starting point was an imbalance. End quote. Vander Lion said, adding, quote, “We wanted to rebalance the trade we made, and we wanted to do it in a way that trade goes on between the two of us across the Atlantic because the two biggest economies should have a good trade flow.” End quote. With the intermediate crisis averted, officials on both sides are framing the agreement as a foundation for continued dialogue rather than a final resolution. The fact that the US has much better terms than the EU goes to show once again how much leverage the US has had with its massive market. Beijing will be watching nervously now. Its talks with the US begin today, Monday. And now the US has reached trade deals with most of its other major markets. With China once again relying on exports for healthy growth, Washington is in a much stronger position to turn the screws on Beijing. The next few days will be very interesting to watch. Next up, let’s move across the Atlantic. The Trump administration has unveiled plans to spend up to 151 billion US on technology for its so-called Golden Dome project. A sweeping missile defense initiative described as one of the most ambitious in US history. The missile defense agency on Friday confirmed it would soon solicit proposals for an quote advanced multi-dommain defense system in quote designed to intercept ballistic hypersonic and cruise missiles at every stage of flight. The program formerly named the scalable homeland innovative enterprise layer defense or shield is slated to run over a decade and cover research, cyber security, weapons development and systems integration. US President Donald Trump has pledged 175 billion US to bring the network online within 3 years, modeling the concept on Israel’s Iron Dome. However, analysts have questioned both the budget and the timeline. The Congressional Budget Office in May projected that a comparable system could cost as much as $542 billion US over 20 years, far exceeding current allocations. Congress has so far approved $25 billion US in seed funding alongside broader missile defense appropriations. Defense and aerospace companies are already positioning themselves to win contracts. Elh Harris has announced manufacturing expansions linked to Golden Dome demand while RTX and Loit Martin have signaled interest. SpaceX, despite tensions between Elon Musk and the US president, is also expected to be a major player due to its satellite launch capabilities. Trump denied reports of efforts to sideline Musk’s ventures, saying he wanted the companies to quote thrive end quote. If fully realized, Golden Dome would mark a generational investment in US defense infrastructure with significant implications for both the military-industrial complex and the emerging space technology sector. If you want to be on top of the biggest developments in the most consequential markets around the world, consider subscribing to Market Update. Hit the bell notification icon and you will be. And if you’re getting some value from today’s episode, don’t forget to hit the like button. And finally, we move to Asia. Last week, Japan and the United States reached a sweeping trade agreement that promises to reshape global and strategic ties between the two nations. Since the announcement on Wednesday, we have since learned uh more details on the deal, and there have also been some questions raised. The deal commits Tokyo to significantly increase purchases of American airplanes, defense equipment, and agricultural products, while also pledging massive investments into core US industries. According to a fact sheet released by the administration, Japan will acquire 100 Boeing aircraft and boost imports of US rice by 75%. The country has also agreed to purchase$8 billion US worth of American agricultural and food products including soybeans, corn, fertiliz fertilizer, bioethanol, and sustainable aviation fuel. Perhaps most striking is Japan’s pledge to add quote billions of dollars annually end quote in US defense equipment acquisitions. A move the White House said will strengthen quote interoperability and alliance security in the Indoacific end quote. A major highlight of the deal is Tokyo’s plan to invest 550 billion US dollars into rebuilding and expanding US industries such as energy, semiconductors, critical minerals, pharmaceuticals, and commercial and defense ship building. While the details of this quote innovative financing mechanism end quote remain unclear, Treasury Secretary Scott Bessant described it as a lynch pin for securing the agreement. Japanese officials have indicated the package could include a mix of equity loans and guarantees managed by the Bank of Japan for international cooperation with insurance support from Nepon Export and Investment Insurance. Trade in automobiles along a flash point between Washington and Tokyo also saw dramatic concessions. Japan will remove long-standing non-tariff barriers by approving US automotive standards for the first time and lifting additional safety inspection requirements for trusted American manufacturers. In exchange, US tariffs on Japan-made autos will fall to 15% from 25.5%. with no cap on vehicle imports at the same rate. President Donald Trump hailed the development saying Japan was quote opening its markets to the US for the first time ever end quote including for cars, SUVs, trucks and quote even agriculture and rice which was always a complete no end quote. Despite this celebratory tone, questions linger over the real impact of these measures. Japan already imposes no tariffs on imported passenger vehicles, and American car makers have struggled for decades to gain traction in a market dominated by domestic producers and characterized by narrow streets favoring smaller vehicles. Analysts also note that Japan’s auto market has been shrinking for years amid demographic challenges. The agricultural provisions likewise raised questions. Japanese trade envoy Ros Akazawa confirmed that while the US share of rice imports will grow, Tokyo’s tariff-free import quotota of 770,000 metric tonses remains unchanged. Imports beyond that limit will continue to face a hefty tax of 341 yen, $2.33 American per kilogram. Even the pledge to buy 100 Boeing aircraft reportedly includes purchases already planned by Japanese airlines. The $550 billion US investment fund has drawn particular scrutiny. A linked photo from the negotiation suggests the figure may have been revised multiple times during talks and some observers suspect that number may include existing Japanese commitments. The agreement has reverberated across Asia. South Korea is expected to push for similar concessions with regards to tariffs with David Bulling of Eurasia Group suggesting Saul is already quote studying the agreement in quote closely. I will be traveling to South Korea this week to discuss these very questions with leading experts there and any salient observations will be presented here next week. Asia nations under pressure to finalize their own deals with Washington before the 1st of August deadline are also watching closely. Uneven progress in these negotiations has sparked fears of tariff escalation across Southeast Asia. Of course, major players like Vietnam, Indonesia and the Philippines have already reached deals. For now, markets have welcomed the US Japan deal as a sign of renewed alignment between the two allies after months of tense trade talks. Beyond the headline numbers, however, the challenge will be translating the ambitious commitments into concrete policy and measurable economic gains. With Washington planning quarterly evaluations of Japan’s compliance, the full impact of the agreement will only become clear over time. Okay, that is today’s episode of Market Update. Thank you so much everybody for watching. Have a good Monday. Have a productive week and I will see you for another episode tomorrow.

The United States and the European Union reached a hige trade pact that will impose a 15% tariff on most EU exports, including automobiles, narrowly avoiding a transatlantic trade war that could have shaken the global economy. Meanwhile, Last week Japan and the United States reached a sweeping trade agreement that promises to reshape economic and strategic ties between the two nations – Since the announcement on Wednesday, we have since learned more details on the deal, while some questions have also been raised.

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00:00 Introduction
00:10 US-EU Reach Trade Agreement
04:13 $151 Billion “Golden Dome” Missile Defense Procurement Plan
06:21 Japan Deal Details

Channel Email: marketupdatechanneltony@gmail.com

Disclaimer: Market Update is NOT a financial advisory channel. Nothing I say should be taken as investment or any other kind of advice. Please speak to a professional before making any investment decisions. While I take great care in researching everything discussed in my videos, I do not guarantee that all claims are 100% accurate, all claims should be verified by viewers.