Created
: 2025.07.14
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
US President Donald Trump says EU, South Korea talking to US on trade
World FX news
Breaking news
US President Donald Trump says EU, South Korea talking to US on trade
New
2025.07.14 10:50
2025.07.14 10:50
2025.07.14 10:50
US President Donald Trump said late Sunday that the European Union (EU) and South Korea are in discussions with the United States on trade.
Key quotes
European Union is in discussions with us on trade.
South Korea Seeks Deal.
We are discussing Gaza, aiming to get resolved next week.
We will send Ukraine fighters.
If Jerome Powell steps down it would be a great thing, he should.
Fed is incorrect.
Market reaction
At the time of writing, the US Dollar Index (DXY) is trading 0.05% lower on the day to trade at 97.81.
Tariffs FAQs
Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas.
Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.
There are two schools of thought among economists regarding the usage of tariffs. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could potentially drive prices higher over the long term and lead to a damaging trade war by encouraging tit-for-tat tariffs.
During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes.
Last updated
: 2025.07.14
Related articles
AUD/JPY remains on the defensive near 96.65 area, downside seems cushioned
7 minutes agoUSD/CHF weakens to near 0.7950 ahead of US CPI inflation release
8 minutes agoUSD/CAD Price Forecast: Holds breath above 20-day EMA ahead of US-Canada CPI data
10 minutes agoGBP/USD Price Analysis: Struggles near multi-week low, around 1.3430 ahead of US CPI
58 minutes agoEUR/USD trades quietly below 1.1700 as investors await fresh cues on US-EU trade talks
59 minutes agoIndia Gold price today: Gold rises, according to FXStreet data
59 minutes ago
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
AUD/JPY remains on the defensive near 96.65 area, downside seems cushioned
The AUD/JPY cross ticks lower during the Asian session on Tuesday, though it lacks follow-through and remains confined in the previous day's narrow trading range. Spot prices currently hover around the 96.60-96.65 area, down less than 0.10% for the day.
New
2025.07.15 14:37USD/CHF weakens to near 0.7950 ahead of US CPI inflation release
The USD/CHF pair trades on a negative note near 0.7965 during the early European session on Tuesday. Persistent trade-related uncertainties and geopolitical risks boost the safe-haven flows, supporting the Swiss Franc (CHF). The US consumer inflation figures will take center stage later on Tuesday.
New
2025.07.15 14:35USD/CAD Price Forecast: Holds breath above 20-day EMA ahead of US-Canada CPI data
The USD/CAD pair trades broadly stable near 1.3700 during the late Asian trading session on Tuesday.
New
2025.07.15 14:34WTI Price Forecast: Tests 50-day EMA support near $65.50
West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $65.80 per barrel during the European hours on Tuesday.
New
2025.07.15 14:32GBP/USD Price Analysis: Struggles near multi-week low, around 1.3430 ahead of US CPI
The GBP/USD pair consolidates near the 1.3430-1.3435 region, just above a three-week low touched during the Asian session on Tuesday as traders keenly await the release of the US consumer inflation figure.
New
2025.07.15 13:46EUR/USD trades quietly below 1.1700 as investors await fresh cues on US-EU trade talks
The EUR/USD pair trades calmly around 1.1670 during the Asian trading session on Tuesday. The major currency pair oscillates in a limited range, with investors awaiting fresh development on trade negotiations between the United States (US) and the European Union (EU).
New
2025.07.15 13:45India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
New
2025.07.15 13:45EUR/JPY Price Forecast: Retains bullish bias near 172.50, overbought RSI warrants caution for bulls
The EUR/JPY cross trades in positive territory near 172.45 during the Asian trading hours on Tuesday. The rising expectation that the Bank of Japan (BoJ) would keep interest rates low for longer than it wants could weigh on the Japanese Yen (JPY) against the Euro (EUR).
New
2025.07.15 13:42USD/INR edges lower ahead of US inflation data
The Indian Rupee (INR) ticks up at open against the US Dollar (USD) on Tuesday. The USD/INR pair edges lower to near 86.00 even as the US Dollar (USD) demonstrates strength ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
New
2025.07.15 13:31Gold price moves closer to three-week peak amid modest USD downtick
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday and reverses a major part of the previous day's retracement slide from a nearly three-week high.
New
2025.07.15 13:23Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
