Bloomberg Daybreak: US Edition Trump Says Countries Will Face Tariffs Ranging From 15% to 50%; Trump to Tour Fed Construction Site
14 snips
Jul 24, 2025 President Trump proposes a hefty range of tariffs, hinting that they won't go below 15%, as trade negotiations heat up. He plans a visit to the Federal Reserve, where he’ll critique costly projects and express his frustrations with rate decisions. Meanwhile, Elon Musk signals tough times for Tesla, facing challenges with EV incentives and autonomous vehicle rollouts. The discussion also covers significant tech earnings and current events, including serious legal cases and developments affecting key sectors.
AI Snips
Chapters
Transcript
Episode notes
Trump Criticizes Fed Renovations
- President Trump plans to tour the Federal Reserve building amid his criticism of its costly renovations.
- Despite frequent attacks, Trump does not currently plan to remove Fed Chair Jerome Powell before term end.
Epstein Case Expands With Subpoenas
- Epstein case developments include DOJ revealing Trump’s name in related documents with other high-profile figures.
- Congressional committee subpoenas Ghislaine Maxwell to uncover details on Epstein’s operations.
Tesla’s Challenging Transition Ahead
- Tesla expects challenging quarters ahead due to lost US EV incentives and time to scale autonomy.
- Elon Musk forecasts compelling economics for Tesla by the end of the next year as autonomy rolls out.