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Global Tariffs Shift: US-EU Agreement Reached, AMD Gains Momentum
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Global markets are experiencing a positive shift as the United States and the European Union finalize a 15% tariff agreement. This development brings a degree of clarity to the international trade landscape, influencing key sectors and individual company performances.
President Trump indicated that a global baseline tariff will be set between 15% and 20%, a notable increase from the 10% rate previously announced in April. This adjustment is expected to reshape trade dynamics across various industries.
Advanced Micro Devices (AMD) is experiencing a notable rise in its share price, driven by several promising factors.Analysts at UBS have boosted the company’s price target in anticipation of its upcoming earnings report on August 5th.
Further bolstering AMD’s position are reports of price increases for its advanced artificial intelligence (AI) chips. Additionally, a Financial Times report suggests the U.S. has temporarily halted export controls that previously prevented AMD from supplying its AI chips to China, opening up a significant market.
Did You Know? AMD’s AI chips are at the forefront of technological advancement, powering next-generation computing solutions.
Boeing Faces Potential Labor Disruption
Boeing is confronting the possibility of another major labor strike, as over 3,000 workers at three of its fighter jet plants have rejected a proposed contract. The rejected deal included a 20% wage increase spread over four years.
Union representatives stated that the proposed agreement “fell short of addressing the priorities and sacrifices” of the workers. A cooling-off period is in effect, preventing a strike from commencing before August 4th. However, no further negotiations are currently scheduled.
Pro Tip: Keep an eye on Boeing’s second-quarter earnings report, scheduled for release on Tuesday, for insights into the company’s financial health amidst these labor discussions.
| Entity | Event | Date/Status |
|---|---|---|
| US & EU |
