“`html
Trump’s Tariff Letters: A Political Love Letter?
This article from CNBC’s Daily Open newsletter discusses the recent actions of former U.S. President Donald Trump, and other market news.
- Trump’s Tariff Letters: Trump sent letters to 12 countries announcing new tariffs starting August 1st, reminiscent of a “love letter” with bold declarations and veiled threats.
- Purpose of the Letters: The letters’ primary purpose seems to be to pressure countries into negotiating trade deals with the U.S., similar to previous announcements.
- Market Impact: U.S. markets reacted negatively to the tariff announcements, with major indexes ending in the red.
- Other Market News: The article also covers Tesla’s value drop due to Elon Musk’s political involvement, Samsung’s profit forecast, and safe investment spots in the Chinese market.
- Laopu Gold: A Chinese jeweler is opening its first overseas store in Singapore.
Read the original article on CNBC’s website: [Link to Original Article]
“`