US News
LAST UPDATE: July 24, 2025
Trump’s Japan Trade Deal Raises Fears He Gave Away Too Much
Analysts warn that Trump’s trade deal with Japan—linking tariff cuts to massive Japanese investment—may be overly generous and could set a precedent for similar EU deals.
Insight
The pact risks pressuring future U.S. trade leverage: U.S. might be locked into costly terms, and rivals could demand equal treatment without equivalent benefits.
Trump to visit Fed on Thursday, ramping up pressure on Powell
Former President Trump is scheduled to visit the Federal Reserve on July 24, intensifying his public campaign urging aggressive rate cuts from Chair Powell, whom he has repeatedly criticized.
Insight
The visit breaks precedent and signals possible political interference, raising concerns about central bank independence and market stability.
Bessent says Fed forecasts ‘politically biased’
Treasury Secretary Scott Bessent accused the Fed’s economic forecasts of being politically motivated and scored them for “mission creep” into areas like building renovations.
Insight
His remarks suggest growing political pressure on the Fed and amplify scrutiny of its non‑monetary activities, weighing on credibility.
New Fed chair likely to be announced in December or January, Bessent says
Bessent indicated that a successor for Fed Chair Powell will likely be appointed in December or January, disavowing immediate plans for a replacement.
Insight
This timeline confirms continuity in leadership while maintaining pressure; markets may factor in policy uncertainty until early 2026.
Johnson Kicks Off Next Tax Bill Work, Seeking Fall Passage
UK Chancellor Johnson launched work on the autumn tax bill, aiming to pass key tax cuts and incentives later this year to support economic growth.
Insight
This signals proactive fiscal policy to complement monetary easing, but timing and political consensus remain hurdles ahead of implementation.
Lutnick Slams ‘Outrageous’ Chinese Exit Ban on Commerce Employee
Commerce Secretary Lutnick criticized China’s travel ban preventing a U.S. Commerce Department employee from leaving the country, calling it “outrageous.”
Insight
The dispute intensifies U.S.–China tensions amid trade and tech rivalry, illustrating heightened geopolitical risks in commercial relations.
