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Trump Vows no Tariff Extension, Europe Nears US Trade Deal, Copper Chaos | Bloomberg The Pulse 07/09
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. That changed Tuesday as Trump signaled a renewed determination to push ahead with his plans to heavily tax foreign imports. Meanwhile as the European Union nears a trade deal with the US, its negotiators are focusing on protecting key industries from massive tariffs set to hit the bloc’s exports as soon as Aug. 1. The European Commission, which handles trade matters for the EU, is closing in on a preliminary agreement that would exempt commercial aircraft from some tariffs in a potential boost to Airbus, according to people familiar with the matter. It would also create carve outs for some — mostly German — carmakers, giving relief to companies such as BMW and Mercedes-Benz.
Today's guests: Christian Keller, Barclays Head of Economics Research, Max Layton, Citi Global Head of Commodities Research, Paschal Donohoe, Irish Finance Minister & Eurogroup President
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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
00:01:30 - Copper Market in Turmoil as Trump Touts 50% Tariff on US Imports
00:04:48 - Trump Vows No Tariff Extension, Hardens Threats on Copper, Drugs
00:10:23 - Christian Keller, Barclays Head of Economics Research
00:18:13 - German Government Opposed to Commerzbank Takeover
00:26:03 - UAE Says OPEC+ Super-Sized Supply Hike Needed by Oil Market
00:30:36 - Citi Global Head of Commodities Research
00:36:03 - Russia's Copycat Brands Prepare to Defend Their Turf
00:41:07 - Copper Market Turmoil
00:44:49 - Pascal Donohoe, Irish Finance Minister
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Published Jul 9, 2025
