resident Donald Trump threatened Japan with tariffs of up to 35% as he ramped up tensions for a third straight day, fueling fears of a worst-case scenario among market players.
Japan should be forced to “pay 30%, 35% or whatever the number is that we determine, because we also have a very big trade deficit with Japan,” Trump said, again flagging the possibility that across-the-board tariffs could go much higher than the 24% initially penciled in for July 9.
Trump’s multitrillion-dollar tax bill is running into Republican resistance in the House as moderate and ultraconservative GOP lawmakers threaten to defy the president. House lawmakers vote Wednesday on the Senate version of the bill, which squeaked through that chamber on Vice President JD Vance’s tie-breaking vote.
Chapters:
00:00:00 – The Opening Trade
00:02:00 – Trump Tariff Deadline
00:04:45 – Trump Tax Bill
00:07:21 – Starmer Welfare Cuts
00:10:19 – Israel Agrees to Gaza Ceasefire
00:10:41 – US Halts Ukraine Weapon Deliveries
00:11:06 – Macron, Putin Speak on Iran
00:13:40 – Fed: Wait on Rates
00:14:53 – Russell 2000 Gains on Tax Bill
00:25:20 – Santander Buys TSB Bank
00:28:44 – Santander CFO Jose Garcia Cantera
00:40:31 – US Dollar Depreciation
00:44:58 – Airbus Delivers 60 Planes
00:47:16 – Stocks to Watch: Renewables, Santander
01:04:49 – Santander Stock
01:08:01 – Musk’s Tesla Europe Takeover
01:12:46 – Bank of Portugal Governor Mario Centeno
01:23:17 – Household Debt: Bank of England’s Bailey
01:26:47 – Stmarer Welfare Cuts
——–
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