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The European Union (EU) continues to work with the US to finalise a Joint Statement, as agreed on 27 Jul, where both EU head Ursula von der Leyen and US President Donald Trump struck a deal on tariffs.
US President Trump signed an executive order adjusting "reciprocal" tariffs on 69 countries, effective 7 Aug, with rates ranging from 10% to 41%.
On 22 Jul, Indonesia and the United States (US) reached a significant trade framework , finalizing import tariffs for Indonesian goods at 19%, reduced from the previous rate of 32%.
US President Trump unveiled the first wave of tariff letters to 14 countries on 7 Jul, slated to take effect on 1 Aug deadline (extended from 9 Jul).
On 3 Jun, US President Donald Trump issued a proclamation to raise existing Section 232 tariffs on imports of steel articles and derivative steel articles, and aluminum articles and derivative aluminum articles from 25% to 50%.
The BOT has signaled that following two consecutive 25-bps rate cuts in Feb and Apr, the current policy stance provides sufficient support against the adverse effects of the US reciprocal tariffs.
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Comprehensive macro overviews and technical analysis to help you stay ahead of the curve.
Gain a competitive edge with our insights, forecasts and forward looking analysis.
Explore our expert insights on key global issues, crafted to spark conversation and inspire thought.
