Bloomberg Daybreak: Europe Edition Trump Resumes Trade War, Apple Growth Rebounds, and Options Trading Becomes Entertainment
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Aug 1, 2025 New tariffs from President Trump are shaking up international trade, prompting businesses to adapt quickly. Meanwhile, Apple is celebrating its fastest revenue growth in years, driven by renewed demand in China. A fascinating twist in finance shows options trading evolving into a form of entertainment, attracting retail investors eager to learn. The podcast also touches on the implications of these trade policies on consumer spending and the market, illustrating the complex web of global commerce.
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Trump's New Global Tariffs
- President Trump has imposed a minimum 10% global tariff, with higher rates against countries with trade surpluses with the US.
- This aggressive trade policy marks a significant shift in global international commerce relations.
Copper Market Disrupted by Tariff Decision
- The decision not to tariff refined copper sparked a rush for London Metal Exchange storage.
- Traders must now adjust inventories as tariffs applying to processed copper only disrupted previous stockpiles.
Inflation Rise Amid Weak Spending
- Core US inflation rose quickly in June, while consumer spending barely increased.
- This data intensifies debates among policymakers on future interest rate paths.