Bloomberg News Now July 20, 2025: US Optimistic on European Union Trade, Japan's Ishiba Loses Majority, More
Jul 21, 2025
Discover the optimistic outlook of U.S. officials on EU trade negotiations as they tackle tariffs. Explore the political setbacks faced by Japan's Prime Minister Ishiba and the implications for his leadership. Dive into President Trump's perspective on the Federal Reserve and upcoming economic indicators that could shape market trends. Additionally, learn about the importance of proactive troubleshooting in workplaces, highlighted by a UK retailer's costly technology failure. Get concise insights into the latest market developments.
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US-EU Trade Optimism Amid Tariff Threats
- US optimism persists despite looming tariff threats with the EU possibly retaliating with counter tariffs.
- Commerce Secretary Howard Lutnick believes markets and countries prefer open trade over tariffs.
Japan's Political Shift and PM's Persistence
- Japan's ruling coalition lost the majority in the upper house elections, an unprecedented event since the 1950s.
- Prime Minister Shigeru Ishiba plans to stay on and seek support case-by-case from opposition parties.
Trump Pushes Back on Fed Chair Reports
- President Trump disputes reports about warnings against ousting Fed Chair Jay Powell, stressing market success under his knowledge.
- Trump cites record highs in major stock indices to support his stance.