Trump Ramps up Japan Threat, Powell Cheered at Sintra | Bloomberg The Pulse 07/02
July 2, 2025
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50:07Now PlayingTrump Ramps up Japan Threat, Powell Cheered at Sintra | Bloomberg The Pulse 07/02
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as posted by the channelUS President 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 and raising doubts over Tokyo’s tactics in trade talks. 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. “I’m not sure we’re going to make a deal. I doubt it with Japan, they’re very tough. You have to understand, they’re very spoiled.”
Today's guests: Stefan Hoops, DWS Group CEO, Isabelle Mateos y Lago, BNP Paribas Chief Economist, Holger Schmieding, Berenberg Chief Economist.
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