Trump Threatens Drug Tariffs; Hassett Frontrunner For Fed Chair
July 16, 2025
15 min
Full
1,396 of 1,713
July 16, 2025
Trump Threatens Drug Tariffs; Hassett Frontrunner For Fed Chair
0:00 / 15:28
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Bloomberg Television Episodes Around July 16, 2025
Episode 1,396 of 1,713 — walk the feed in the order it was published.
15:28This episodeTrump Threatens Drug Tariffs; Hassett Frontrunner For Fed Chair
Summary
<p>On today's podcast: <br />1) President Donald Trump said he was likely to impose tariffs on pharmaceuticals as soon as the end of the month and that levies on semiconductors could come soon as well, suggesting that those import taxes could hit alongside broad “reciprocal” rates set for implementation on Aug. 1<br />2) Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.<br />3) Nvidia Corp. boss Jensen Huang anticipates getting the first batch of US licenses to export H20 AI chips to China soon, formally allowing the company to resume sales of a much sought-after component to the world’s top semiconductor arena.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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