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Trump Warns of 10% ‘Anti-American’ Tariffs; China, EU Tensions Ramp up | Bloomberg The Pulse 07/07
President Donald Trump said he would put an additional 10% tariff on any country aligning themselves with “the Anti-American policies of BRICS,” injecting further uncertainty into global trade as the US continues to negotiate levies with many trading partners. “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff,” Trump said in a Truth Social post. “There will be no exceptions to this policy.” The comments come as the US prepares to send tariff letters to dozens of countries in the coming days, with the Trump administration’s 90-day pause on higher duties set to expire on Wednesday. Trump said in a separate post that the letters would start being delivered from noon Monday, Washington time.
Meanwhile China hit back at the European Union’s restrictions on its medical device makers while maintaining key exceptions, adding uncertainty to ties ahead of a high-stakes summit later this month. Beijing will exclude EU-based companies from Chinese government procurement for certain medical devices, but it will still allow products that are made in China, according to separate statements on Sunday.
Today's guests: Ozan Tarman, Deutsche Bank Vice Chair of Global Macro, Joaquim Miranda Sarmento, Portuguese Finance Minister, Nadia Martin Wiggen, Svelland Capital Director
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops
Chapters:
00:00:00 - The Pulse With Francine Lacqua
00:01:11 - Trump Tariff Deadline Nears
00:03:27 - Ozan Tarman, Deutsche Bank Vice Chair of Global Macro
00:11:49 - Trump Feud With Elon Musk Deepens
00:18:39 - Joaquim Miranda Sarmento, Portuguese Finance Minister
00:24:42 - OPEC+ Announces Surprise Boost in Oil Production
00:28:09 - Nadia Martin Wiggen, Svelland Capital Director
00:37:07 - Companies Hit With Wage Tax Hike in April
00:40:10 - China Retaliates Against EU on Medical-Device Procurement
00:45:01 - UK Prime Minister Seeks to Hold Line on Spending
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Published Jul 7, 2025
