Senators are concerned that President Donald Trump’s tariffs on Brazil are being used to stop the prosecution of former Brazilian President Jair Bolsonaro.
U.S. stock futures rose on Thursday after ending on a mixed note on Wednesday. Futures of major benchmark indices were higher, except for the small-cap gauge Russell 2000.
According to Pakistan’s financial ministry, the agreements involve a reduction of reciprocal tariffs, especially on Pakistan’s exports. The two sides did not provide details on the agreed tariff rates.
The People’s Daily urged the U.S. to ease export restrictions and highlighted that American firms could benefit from China’s push to boost domestic demand and imports.
According to data from China’s National Bureau of Statistics, the purchasing manufacturing index (PMI) slipped to 49.3 in July, compared with 49.7 in June.
On Wednesday, the major averages closed on a mixed note, as traders were left unimpressed by the Fed's decision and Chair Powell’s comments at the press conference that followed the meeting.
Trump stated that the size of the proposed investment will be announced within the next two weeks, when South Korean President Lee Jae Myung visits the White House for bilateral talks.
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The White House said the tariff has been implemented to deal with recent policies, practices, and actions of the Brazilian government, which present a “national security” threat to the U.S.
