Squawk on the Street Trump's 30% Tariff Threat, White House Intensifies Criticism of Powell, Bitcoin's Record Run 7/14/25
Jul 14, 2025
Tariffs take center stage as President Trump's 30% threat sends shockwaves through the market, sparking concerns over trade with Mexico and the EU. The pressure mounts on Fed Chair Powell, with the president criticizing interest rate decisions. Bitcoin hits a record high, highlighting the crypto boom during 'Crypto Week' on Capitol Hill. Meanwhile, tensions in the chip industry and a multi-billion dollar merger between Waters and Becton Dickinson catch attention, alongside optimistic signals from Boeing on its performance and future.
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Trade Tariff Confusion
- There is significant confusion about which imports to the US are covered under current trade agreements amid new tariff threats.
- This ambiguity creates uncertainty for companies with plants in Mexico and complicates trade policy enforcement.
Market Operates on Illusion
- Investors buy stocks based on assumed clarity about policies that does not exist on the ground.
- Actual market actions are chasing unknowns in trade and tariff enforcement, creating volatility.
Dual Federal Reserve Issue
- The president can appoint a new Federal Reserve leadership that challenges current independence norms.
- This creates a scenario of effectively two Federal Reserves with conflicting authority, impacting market confidence.
