Megan Cassella
D.C. Correspondent at CNBC
D.C. correspondent for @CNBC, covering the Biden administration and the Harris campaign. MD born, @UNC bred. [email protected], Instagram: @megancnbc
Articles
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1 week ago |
cnbc.com | Megan Cassella
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1 week ago |
cnbc.com | Megan Cassella
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTreasury Sec. Bessent and Amb. Greer to meet with Chinese counterparts on trade, economic issuesCNBC's Megan Cassella reports on the latest news. 05:25Wed, May 7 20256:55 AM EDT
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1 week ago |
cnbc.com | Megan Cassella
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2 weeks ago |
flipboard.com | Megan Cassella
US targets Iran with fresh sanctions ahead of next nuclear talksWASHINGTON - The United States on Wednesday imposed sanctions on entities it accused of being involved in the illicit trade of Iranian petroleum and …
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2 weeks ago |
cnbc.com | Megan Cassella
Pres. Trump threatens secondary sanctions to any country that buys oil or petrochemicals from IranCNBC's Megan Cassella reports on the latest news from the White House.
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Sec. Lutnick confirms this is the case: "The 10% baseline is for countries that have balanced budget with us, that are the best, and those who had trade deficits are going to have a higher tariff," he says on CNBC. "The best they can do is 10% -- most likely they'll be higher."
The most significant takeaway from today's UK trade announcement for me is that for a country that a) the US has a rare trade surplus with and b) had already been negotiating with the US for ~a decade, the best the UK could get was a 10% baseline tariff with very few exemptions
Pres. Trump tells @EamonJavers the 10% baseline tariff the U.K. is facing as a result of this deal is a "low number" because the U.K. made a "good deal." Some other countries will face "much higher" tariffs, he says.
Pres. Trump says he believes this weekend's talks with China will be "substantive." (Sec. Bessent has downplayed the meeting as just the start of talks, a sit-down where they "agree what they're going to talk about.")
