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    Home » Trump Sets 15% Tariff Floor; Musk’s Tesla Warning | Horizons Middle East & Africa 07/24/2025

    Trump Sets 15% Tariff Floor; Musk’s Tesla Warning | Horizons Middle East & Africa 07/24/2025

    webmasterBy webmasterJuly 24, 2025 News 2 Mins Read
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    US President Donald Trump has suggested he will not go below 15% as he sets his ‘so-called’ reciprocal tariff rates ahead of an August 1 deadline. Also on the show: Saudi-Syrian investment forum in Damascus is set to include the signing of 44 pacts worth about $6B; Tesla CEO, Elon Musk has warned of a few rough quarters ahead; the ECB is set to leave interest rates untouched at 2%; Canal+ is set to become Africa’s largest pay-TV and streaming business. Guests include: Paul Mackel, HSBC, Global Head FX Research; Mohamed Abdelbary, ADIB, Group CEO.

    Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.

    Chapters:
    00:00:00 – Introduction
    00:06:10 – Trump says tariffs to range from 15% to 50%
    00:10:06 – Paul Mackel, HSBC, Global Head FX Research
    00:16:50 – Saudi Arabia, Syria pacts will amount to $6B
    00:26:56 – Mohamed Abdelbary, ADIB, Group CEO
    00:33:47 – Tesla posts worst quarters in years
    00:38:17 – ECB expected to keep rates at 2%
    00:42:13 – Canal+ gets approval for $3B Africa deal
    ——–
    More on Bloomberg Television and Markets

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    ‘WHEN THE US LEADS, THE WORLD FOLLOWS’: Bessent REVEALS win in rare earth deal with China

    Joe Lonsdale on nuclear weapons testing, 8VC-Apollo partnership and AI boom

    Pres. Trump and Pres. Xi meet in Asia: Here are the key takeaways

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