Here's the Scoop Trump’s tariffs take effect; Eli Lilly trials experimental weight loss pill
Aug 7, 2025
President Trump's new tariffs are shaking up global trade, particularly affecting BRICS countries. Experts discuss the economic ramifications and political motivations behind these changes. Meanwhile, a breakthrough in obesity treatment emerges with Eli Lilly's promising weight loss pill, potentially making effective treatments more accessible. The conversation also touches on the societal challenges surrounding obesity and the benefits of transitioning to non-injectable medication. Plus, updates on current events add an intriguing layer to the discussion.
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Trump's High Tariffs on BRICS
- President Trump's new tariffs impose a 10% baseline and higher rates on BRICS countries.
- These tariffs represent the highest U.S. tariff levels in nearly 100 years and also serve political purposes.
BRICS Economic Bonds Resist Tariffs
- The BRICS alliance maintains long-standing economic ties that complicate U.S. tariff strategies.
- Countries like India resist tariffs due to entrenched relationships with nations such as Russia.
Tariff Revenue vs. National Deficit
- Tariff revenues are in the tens of billions but will not close the U.S. national deficit.
- The long-term impact on the economy remains uncertain and will become clearer in months.