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In the Fed's hunt for a reason to cut rates, surveys and tariffs make answers elusive
Business leaders see rising prices, weaker demandShifting tariff actions add uncertaintyData for rate cut remains in conflictBy Howard Schneider WASHINGTON, July 8 (Reuters) - Recent national and global surveys of business executives have highlighted the U.S. Federal Reserve's dilemma in dete...Reuters
Tue, Jul 8
US small business sentiment ticks down in June
NFIB index decline driven by rise in reports of excess inventoriesUncertainty falls to lowest reading this year, but still elevatedSubstantial deterioration in reported health of businessesJuly 8 (Reuters) - U.S. small-business confidence slipped in June, as firms overall felt they had too much inve...Reuters
Tue, Jul 8
China car sales jump in June but EV price war concerns intensify
China June car sales +18.6% y/y vs +13.9% y/y in MayEV, PHEV sales quicken, but worrying signals emergeExports pick up BEIJING, July 8 (Reuters) - China's car sales rose in June for the fifth straight month, but reports by some major electric vehicle makers of easing demand raised concerns a...Reuters
Tue, Jul 8
Taiwan's exports in June beat forecasts to hit a record again
Exports +33.7% y/y vs +26% forecast in Reuters pollExports to U.S. +90.9% y/y (prior month +87.4%)Exports to China +13.1% y/y (prior month +16.6%)July exports seen up 15%-20% y/yTAIPEI, July 8 (Reuters) - Taiwan's exports surged by a third - far more than than expected - to a record level in Jun...Reuters
Tue, Jul 8
US ocean imports from China tumbled 28% in June on tariff hikes
By Lisa Baertlein LOS ANGELES, July 8 - U.S. imports of containerized goods from China tumbled 28.3% year-on-year in June, after higher tariffs on goods from the country's top ocean trade partner extended a steep drop that began in May, supply chain technology provider Descartes DSG.TO said o...Reuters
Tue, Jul 8
Japan's service sector mood perks up as summer heat offsets US tariff gloom
By Leika Kihara TOKYO, July 8 (Reuters) - Sentiment in Japan's service sector improved slightly in June, a government survey showed on Tuesday, as solid demand for summer clothing and leisure offset the gloom from U.S. tariffs.But corporate bankruptcy cases in the first half of this year rose...Reuters
Tue, Jul 8
South Korea to step up US trade talks before tariffs kick in on August 1
South Korea plans intensified trade talks with US ahead of new tariff deadlineTrump sends letter to South Korean president for 25% tariff from August 1Rubio says still time for negotiation, South Korea's presidential office saysMore clarity gives Lee room to manoeuvre, analysts sayBy Jack Kim an...Reuters
Tue, Jul 8
Vietnam, China agree to boost trade ties as Trump tariffs hit
HANOI, July 8 (Reuters) - Vietnamese Prime Minister Pham Minh Chinh and China's Premier Li Qiang have agreed to boost trade and investment ties between the two countries during a meeting on the sidelines of the BRICS summit in Brazil, Vietnam's government said on Tuesday.Reuters
Tue, Jul 8
German exports fall more than expected in May
By Maria MartinezJuly 7 (Reuters) - German exports fell more than expected in May as demand from the United States decreased following months of strong purchases in anticipation of U.S. tariffs, official data showed on Tuesday. Exports fell by 1.4% in May compared with the previous month, data f...Reuters
Tue, Jul 8
Japan's Akazawa says he had phone call with US Commerce Secretary Lutnick
Japan's top trade negotiator, Ryosei Akazawa, said on Tuesday that he had a phone call with US Commerce Secretary Howard Lutnick for 40 minutes. Akazawa added that he agreed to actively engage in trade negotiations.Fxstreet
Tue, Jul 8
