US President Donald Trump said his administration will probably start notifying trading partners Friday of the new US tariff on their exports effective Aug. 1, while reiterating a preference for simplicity over complicated negotiations five days before his deadline for deals.
Trump told reporters that about “10 or 12” letters would go out Friday, with additional letters coming “over the next few days.”
“By the ninth they’ll be fully covered,” Trump added, referring to a July 9 deadline he initially set for countries to reach deals with the US to avoid higher import duties he has threatened. “They’ll range in value from maybe 60 or 70% tariffs to 10 and 20% tariffs,” he added.
Elsewhere, Russia unleashed a record air strike on Ukraine, as US President Donald Trump expressed disappointment over the outcome of his latest phone call with Vladimir Putin aimed at bringing an end to the war.
Ukrainian air defense said Russia fired 550 drones and missiles, mostly targeting Kyiv, in overnight attacks that lasted more than 11 hours. It reported that 478 aerial targets were intercepted.
Kyiv’s military administration chief, Tymur Tkachenko, said on Telegram that blasts were heard across the capital as impacts registered in five of the city’s districts and residential homes were damaged. The number of reported casualties rose to 23, Kyiv Mayor Vitali Klitschko said on Telegram.
The assault came as Trump told reporters he was “very disappointed” over Thursday’s call with Putin, in which the Russian president said he “will not back down” from his war aims, according to a Kremlin readout.
Today’s guests, Nataliia Lipikhina, JP Morgan Private Bank EMEA Equity Strategy Head, Omotunde Lawal, Barings EMEA Corporate Credit & EM Corporate Debt Head, Elisabeth Braw, Atlantic Council Senior Fellow, Francois Villeroy de Galhau, Banque de France Governor.
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:00:39 – Trump Plans to Start Notifying Countries of US Tariffs Up to 70%
00:04:09 – Nataliia Lipikhina, JP Morgan Private Bank EMEA Equity Strategy Head
00:16:54 – Omotunde Lawal, Barings EMEA Corporate Credit & EM Corporate Debt Head
00:27:10 – Oil Lower Ahead of OPEC+ Meeting
00:28:41 – Elisabeth Braw, Atlantic Council Senior Fellow
00:31:36 – US Keeps Maximum Pressure on Iran
00:35:05 – Russia Launches Air Attack on Kyiv After Putin-Trump Call
00:38:14 – Francois Villeroy de Galhau, Banque de France Governor
00:46:01 – Greece’s Painful Decade of Rehabilitation
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