The European Union is racing to clinch an agreement with the Americans before tariffs kick in on Aug. 1, even as President Trump has signaled he is in no rush.

The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.

With his two dozen letters to U.S. trading partners last week, President Donald Trump promised elevated tariffs on Aug. 1 largely to tackle an issue he’s raised for decades — trade deficits.

The president wants tariffs, the higher the better. Whether that is achieved unilaterally or via deals is secondary.

Inside the supply chain, more companies bringing goods into the U.S. are using financing strategies to hold more cash and less inventory on their books.

Trump called on Texas Republicans to gerrymander their districts. Senate Republicans rallied behind turning DOGE cuts into law. This week: The Senate appears likely to approve almost $9 billion in cuts to foreign aid and public broadcasting after removing from the package cuts to an HIV/AIDS program.

The White House keeps insisting that inflation is a thing of the past. The latest Consumer Price Index numbers help prove otherwise.

Gold prices touched a three-week high on Monday, supported by demand for safe-haven bullion after U.S. President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico.