President Donald Trump’s blanket tariffs scheduled to begin on Aug. 1 could soon bring higher prices on certain foods, according to some experts. The top five imported foods by volume that could face tariffs are liqueurs and spirits, baked goods, coffee, fish and beer, which account for roughly 21% of total U.S. food imports, according to the Tax Foundation analysis. Read more: https://lnkd.in/gi8y4rHV
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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Rare earths refer to 17 elements on the periodic table whose atomic structure gives them special magnetic properties. The United States depends a great deal on China for these critical materials — making them one of the most important bargaining chips in the trade war between the U.S. and China. Now, the U.S. is seeking to develop a domestic supply chain, but faces major hurdles. Find the full report: cnb.cx/4l1MFDW
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It's back to the drawing board for United and its 28,000 flight attendants after cabin crews voted down a new labor deal. 92% of eligible voters cast ballots with 71% voting against the deal, which included at least 26% immediate raises for FAs. United flight attendants are the last of the major carriers with unionized cabin crews without a new post-pandemic deal. Their last raise was in 2020. "United Flight Attendants today voted to send a strong message to United Airlines management by rejecting a tentative agreement that didn't go far enough to address the years of sacrifice and hard work to make the airline the success it is today," said AFA United chapter president Ken Diaz. https://lnkd.in/eT5Pzr6p
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The House Committee on Oversight and Government Reform "will not consider granting congressional immunity for" any testimony from Jeffrey Epstein accomplice Ghislaine Maxwell, a spokesperson for the panel said Tuesday. That statement came shortly after Maxwell's lawyer told the committee in a letter that she would invoke her Fifth Amendment rights against self-incrimination and refuse to testify under a subpoena issued by the panel last week unless a set of conditions were agreed upon in advance. Those conditions include a grant of immunity from prosecution for her testimony, being given any questions in advance, being questioned outside of prison, and appearing only after her bid to have an appeal of her conviction is resolved by the Supreme Court, her attorney David Oscar Markus wrote.
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While each service is different, this is where identity theft protection services will usually look, and if your information appears somewhere it shouldn't, you'll receive an alert. 🔐 Learn more: cnb.cx/4mggJwv
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Treasury Secretary Scott Bessent on Tuesday said that he "wouldn't be surprised" if the European Union eventually placed tariffs on Chinese goods, adding that "external forces" could help push China to create a bigger consumer economy instead of relying on foreign demand. Read more: cnb.cx/4fwMFuF
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Treasury Secretary Scott Bessent talks to CNBC's Eamon Javers on what U.S. companies can expect on the August 1 tariff deadline. Watch the full interview: cnb.cx/4512PqY
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A potential extension of a tariff pause between the United States and China is "pending President Trump's approval," Treasury Secretary Scott Bessent said on Tuesday. "He'll have the final decision. And I think our Chinese counterparts have jumped the gun a little and said that we do have an extension," Bessent told CNBC. Top trade officials for the two countries have concluded talks in Stockholm, Sweden, their third round of high-level discussions since May. Read more: cnb.cx/4fwMFuF
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Treasury Secretary Scott Bessent on Tuesday credited President Donald Trump for the "entire reordering" of the global trading system, which brought the world's two largest economies to renegotiate trade. "We don't want to decouple. We just need to de-risk with certain strategic industries," Bessent said, adding that the U.S. can both reshore manufacturing and sign purchase agreements of U.S. resources. Read more: cnb.cx/4fwMFuF