From Financial Modeling Prep: 2025-05-07 09:09:00

President Donald Trump reaffirmed his tough trade stance, stating the U.S. is not in a rush to sign deals, even as the tariff pause nears its end. Trump emphasized that other countries need the U.S. more than vice versa, hinting at a shift towards imposing minimum tariffs on all imports.

Key officials involved in the trade strategy include Howard Lutnick, Scott Bessent, and VP JD Vance. The strategic angle of setting baseline tariff prices aims to ensure fairness and reduce trade imbalances, with India already agreeing to reduce tariffs under pressure.

Trump clarified that the goal is not to punish nations but to level the playing field, amidst mixed global responses to the U.S. trade posture. To track the impact of trade tensions on inflation, GDP, and consumer sentiment, refer to the Economics Calendar with live U.S. macroeconomic data.



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