Trump: No Extensions to Aug. 1 Reciprocal Tariff Deadline - Minute Briefing
This transcript was prepared by a transcription service. This version may not be in its final form and may be updated.
Ariana Aspuru: Here's your midday brief for Tuesday, July 8th, I'm Ariana Aspuru for the Wall Street Journal. President Trump said he's sticking to his August 1st date to impose so-called reciprocal tariffs on many US trading partners. In a post on Truth Social, Trump said quote, "No extensions will be granted." This comes a day after sending letters to various countries warning them of the levies. Rescue teams in Texas patrolled by foot and by airboat in search of those still missing from flash floods that struck parts of the state over the holiday weekend, leaving more than 100 confirmed dead. As the death toll climbed in several counties late yesterday, an unknown number of people were still missing. The National Federation of Independent Business said today that its Optimism Index, which is a gauge of sentiment among small firms, edged down 0.2 points to 98.6 in June. The NFIB said excess inventories were a key factor in the decline. And Kirk Tanner will be stepping down as Wendy's CEO later this month to assume the top role at Hershey succeeding Michele Buck as president and CEO of the chocolate company effective August 18th. Ken Cook, Wendy's CFO will be interim CEO while the board finds a permanent successor. We'll have a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
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