09-07-2025
Bloomberg Daybreak Asia: Trump Tariff Announcements
President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August while indicating he could announce substantial new rates on imports of copper and pharmaceuticals. The posturing on social media and at a Cabinet meeting on Tuesday came after traders initially shrugged off a series of letters and executive actions Trump issued Monday, pushing back the deadline for his so-called 'reciprocal' tariffs while announcing the latest rates he planned for more than a dozen countries that had not succeeded in brokering quick trade agreements. For more on what this means for the market outlook, we speak to Frances Stacey, Economic Strategist at Scarlet Oak Financial. Plus - Stephen Olson, Yusof Ishak Institute Senior Visiting Fellow and Former US Trade Negotiator gives us his insight on where President Trump is going with his latest tariff announcement.
