Indonesia’s 19% Levy; Trump on Drug, Chip Tariffs | Horizons Middle East & Africa 7/16/2025

US President Donald Trump says Indonesia will buy 50 Boeing jets and more than $19 billion of American products amid a 19% tariff deal. Trump also warns pharma tariffs could hit by next month with semiconductor levies to follow. 30-year Treasury yields top 5% as traders pare back bets on Fed rate cuts, focusing on the potential for higher tariff-driven inflation over the coming months despite softer core CPI. The world’s most powerful finance ministers and central bankers gather in South Africa for a G-20 meeting, overshadowed by uncertainty over Trump’s trade salvos. Guests include: Ayesha Tariq, Macrovisor co-founder; Patrick Saner, Swiss Re, macro strategy head; and Chiedza Madzima, BMI, head of global operational risk research.

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.

Chapters:
00:00:00 – Introduction
00:04:23 – US-Indonesia trade deal: Indonesia to buy 50 Boeing jets and pay 19% tariff
00:07:46 – NEC’s Kevin Hassett frontrunner to succeed Fed chair Jerome Powell
00:11:32 – Ayesha Tariq, Macrovisor Co-Founder
00:18:17 – US banks set trading records on Trump tariff volatility
00:25:54 – Patrick Saner, Swiss Re, Macro Strategy Head
00:32:06 – G-20 finance ministers meeting overshadowed by Trump salvos
00:38:12 – Chiedza Madzima, BMI, Head of Global Operational Risk Research
00:43:55 – Nvidia’s Jensen Huang praises Chinese AI as ‘world class’
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