EU’s list of US goods it may tariff, latest on China trade talks

00:00 Speaker A

If the European Union proceeded with 30% tariff plans on August 1, the US has become finalized in the list of US goods of $ 84 billion that may face counter measures. So, to prepare these counter measures. What would it mean if Pras was really for Boeing and USA car manufacturers?

00:22 Pras Subramanian

You know, you know, 84, 75 billion industrial goods, right? So 12.8 billion aircraft and aircraft materials and parts, UH machines, 10.3 billion more and then about 9.3 billion cars, right? But for the world’s boeings, look, hit, Boeings, sensitive casting pieces, Honeywells, Texttrons will hit, as if the most important suppliers of the aviation industry will be hit by this potential tariff. But what the EU is really concerned about is 30% tariff on goods and the 25% industry tariffs remaining in cars. And look, he shoots Mercedes Bad, shoots Porsche Bad, shoots Volkswagen and Audi Bad. Look, they all have to get some kind of hit because they are trying to protect some of them from buyers, but they can’t do it forever. And the question is that they can make this agreement before 2026 models before 20, and do new cars come out in the USA?

01:35 Speaker A

Obviously, there is a lot in danger with EU tariffs. Um, you know, we’re starting to hear these other environmental countries, I. Today I want to follow you about Nvidia News, the NVIDIA expects the US government to confirm some of its licenses to China, H20 chips. UM, is there any indicator or is there any movement between China and the United States?

02:13 I’m Ginsberg

Yes, yes, Treasury Secretary Scott Besson made some comments this morning. He interviewed Bloomberg. His line was there that nvidia chip there, confirming that the Nvidia chips was part of these conversations. This called a bargaining chip between the US and China in larger trade talks, which includes much more problems such as rare soil minerals to make this NVIDIA piece. Um Besson also confirmed that Chinese talks were continuing. The key date to be followed there is 12 August, then the 90 -day pause ends. What Besson said is that they tried to have another meeting before or after a larger China at the beginning of August to do so. His general message is that the markets should not worry much about the last date of August 12, but if these talks proceed to the side, it is the last date in which much larger tariffs can come back.