CNBC Daily Open: Not even fire extinguishers can escape the Trump administration's tariffs

1 week ago 8

An aerial presumption of a cargo vessel being loaded with shipping containers astatine the Port of Baltimore successful Baltimore, Maryland, connected August 7, 2025.

Jim Watson | Afp | Getty Images

Even arsenic tariff-related ruction appears to beryllium settling down for the summer, U.S. President Donald Trump's medication is inactive reshaping planetary commercialized and industry.

After the Trump medication hinted it could beryllium unfastened to Nvidia exporting much almighty chips to China aft their revenue-sharing agreement, the semiconductor darling was reported to beryllium processing a caller spot for Beijing.

And Intel's bounty from the CHIPS Act, formalized by the erstwhile medication nether Joe Biden, mightiness travel with a terms tag of giving the existent U.S. authorities a stake successful the company.

Meanwhile, the effects of tariffs proceed to creep into mundane life.

The costs incurred by fires successful the U.S. — deliberation of the tragic Los Angeles wildfires successful January oregon the 1 near the Grand Canyon conscionable past period — are already growing, not conscionable successful presumption of the physical damage but besides the price of security premiums.

And present that Trump has added occurrence extinguishers to a database of alloy products that volition look a 50% import tariff, adjacent the terms of comparatively much benign and contained fires, specified arsenic those you commencement to pain photographs of your ex-partner, volition beryllium much costly to enactment out. That's a genuinely protest-worthy tariff.

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And finally...

U.S. President Donald Trump greets Ukrainian President Volodymyr Zelenskyy astatine the White House, amid negotiations to extremity the Russian warfare successful Ukraine, successful Washington, D.C., U.S., August 18, 2025.

Kevin Lamarque | Reuters

Trump promised Ukraine 'security guarantees': Here's what they could look like

The astir important improvement from Monday's talks betwixt U.S. President Donald Trump, Ukraine's President Volodymyr Zelenskyy and European leaders was Trump's statement that information guarantees for Ukraine would beryllium "provided" by European countries successful "coordination with the U.S."

French President Emmanuel Macron hinted Tuesday that the "first information warrant we are moving connected — and it is the astir important — is simply a beardown Ukrainian army, composed of respective 100 1000 men, good equipped, with defence systems and higher standards."

— Holly Ellyatt

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