Bloomberg News Now July 10, 2025: Birthright Citizenship Ruling, Trump Canada Tariff Threat, More
Jul 11, 2025
A federal court ruling challenges efforts to restrict birthright citizenship, revealing potential economic implications. The discussion shifts to Trump's tariff proposals and their effects on U.S.-Canada trade, alongside rising diplomatic tensions over Ukraine. Additionally, the conversation highlights the record highs of U.S. equities, driven by strong earnings, while exploring the role of technology in fostering business growth and the influence of tariffs on fiscal policies.
AI Snips
Chapters
Transcript
Episode notes
Federal Court Blocks Birthright Citizenship Limit
- The New Hampshire judge halted Trump's birthright citizenship restriction with a preliminary injunction.
- The judge also allowed the case to proceed as a class action benefiting all affected families.
Trump's Tariff Threat Details
- Trump plans to raise blanket tariffs from 10% to 15-20% on most U.S. trading partners.
- Canadian goods under the USMCA trade agreement remain exempt from the new 35% tariff threat.
U.S. Frustration With Russia Peace Efforts
- Trump plans a major statement on Russia and expects tougher Senate sanctions.
- Rubio expressed frustration over Russia's lack of flexibility in peace talks amid ongoing strikes on Kyiv.