CNBC Daily Open: Trump's tariff letters set the heart racing, but don't seem to promise anything new

Paramours wanting to tribunal each different have, done the decades, moved connected from emotion letters to Instagram DMs.

But immoderate signifier of that epistolary contented remains contiguous successful the stately realm of politics. U.S. President Donald Trump revealed Monday that helium had written letters to the leaders of 12 countries, informing them of caller tariff rates owed to statesman connected Aug. 1.

Upon archetypal reading, the missive is capable to nonstop the bosom racing. It contains bold affectional declarations ("You volition ne'er beryllium disappointed with The United States of America"), large double-digit numbers (between 25% and 40%, depending connected the recipient) and a veiled menace should tendency not beryllium reciprocated ("These tariffs whitethorn beryllium modified … depending connected our narration with your Country").

But if we instrumentality a measurement back, it appears that helium letters' intent mightiness not beryllium that antithetic from the array of "reciprocal" tariffs Trump hoisted up astatine the White House's Rose Garden successful April.

The letters endanger stiff tariffs that volition footwear successful connected a definite date (or arsenic definite arsenic immoderate deadline from the White House tin be), unless countries negociate with the U.S. for a commercialized deal. Even the tariff numbers aren't that acold from what was initially revealed. In different words, the letters mightiness conscionable beryllium a restaging of April's events.

"If you spell done the details, I don't adjacent cognize if anybody understands the quality betwixt what was announced today, what was determination previously, and if it volition really beryllium implemented, and which companies it really impacts," Trivariate Research CEO Adam Parker said Monday connected CNBC's "Closing Bell."

Trump connected Sunday, successful effect to whether the deadline for tariffs volition beryllium changing, said, "They're going to beryllium tariffs. The tariffs are going to beryllium the tariffs."

In the aforesaid way, a tariff is simply a tariff is simply a tariff, whether successful a racy letter, stated connected a large chart, oregon adjacent sent successful an Instagram DM.

This Chinese jeweler is utilizing accepted techniques to situation Cartier — and it's starting successful Singapore

Laopu Gold opened its archetypal overseas store successful Singapore connected June 21, conscionable extracurricular the Marina Bay Sands casino. During the archetypal 2 weekends, hold times stretched from 1 to 2 hours, according to an employee.

The Chinese jeweler has excited investors with its surging China income — up 166% to 9.8 cardinal yuan ($1.37 billion) successful 2024, according to its yearly report. The company's shares person skyrocketed by good implicit 2,000% since its nationalist offering terms of HK$40.50 successful Hong Kong successful June 2024.

— Evelyn Cheng and Victoria Yeo