Bloomberg News Now July 13, 2025: Trump Tariff Anxiety, White House Powell Pressure Widens, More
Jul 14, 2025
Tensions rise as a new 30% tariff on Mexico and the EU is announced, sparking fears of market volatility. The need for fresh leadership at the Federal Reserve is underscored amidst a tragic shooting and ongoing commitments to Ukraine. Meanwhile, President Trump’s strategy towards NATO and Elon Musk's plans for shareholder engagement add to the mix. A case study reveals how proactive troubleshooting can boost efficiency for businesses facing recurring tech issues.
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Trump's Tariff Threats
- President Trump declared a 30% tariff on Mexico and the European Union starting August 1 if no trade deals are made.
- Tariff rates could be adjusted if these countries open their markets and remove trade barriers.
Calls for Fed Leadership Change
- Some in the U.S. administration want to remove Fed Chair Jay Powell due to dissatisfaction with his handling of Fed renovations.
- Former Fed Governor Kevin Warsh called for regime change at the Fed to overhaul mindset and models.
Lexington Shooting Incident
- A shooting in Lexington began after a state trooper pulled over a vehicle following an alert from a license plate reader.
- The suspect shot multiple people at a church before being killed by police; several victims are hospitalized.