Bloomberg Podcasts
@bloombergpodcasts·503K subscribers·32.4K videos
US Hasn't 'Fully Digested' Potential Tariff Impact, Says Rediker
Posted
July 22, 2025
Views
9,843
Likes
106
Comments
37
Engagement
July 22, 2025
9,843
106
37
1.45%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
7:21Now PlayingDoug Rediker, founder and managing partner of International Capital Strategies, talks his predictions for trade deals and the potential impact of President Trump's tariff policy on the market as the August 1 trade deadline gets closer.
President Donald Trump said the US reached an agreement with the Philippines setting a 19% tariff on the country’s exports, the latest pact ahead of an Aug. 1 deadline.
Trump initially imposed a 17% rate for the US ally in April, which was paused to allow time for negotiations. He then threatened earlier this month to raise the charge to 20%.
Trump announced the deal on social media Tuesday after meeting with Philippines President Ferdinand Marcos Jr. The minor reduction underscored the difficulty foreign leaders are facing as they attempt to convince the US president to grant relief from his country-based tariffs.
“The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff. In addition, we will work together Militarily,” Trump wrote on social media Tuesday.
The president did not provide additional details about the trade understanding.
Trump hit dozens of trading partners with higher tariffs in April, only to quickly put them on hold for 90 days amid market backlash in order to work out agreements. But that stretch saw the US finalize only a handful of deals and Trump instead moved to unilaterally impose rates on countries and blocs ahead of his new Aug. 1 deadline.
While the US president and his advisers initially suggested they planned to hold concurrent talks with trading partners, Trump has shown little patience for back-and-forth negotiations, instead saying his preference was to just set rates for other economies.
In recent weeks, he has sent a slew of letters setting tariff levels and is also moving ahead on industry-specific levies that will target sectors such as copper, semiconductors and pharmaceutical drugs. While talks continue with major economies including the European Union and India, Trump said some 150 smaller countries will be hit with a blanket rate of between 10 and 15%.
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
Follow us on X
Subscribe to our Podcasts:
Bloomberg Daybreak
Bloomberg Surveillance
Bloomberg Intelligence
Balance of Power
Bloomberg Businessweek
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay
Android Auto
Visit our YouTube channels:
Bloomberg Podcasts
Bloomberg Television
Bloomberg Originals
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
