Trump Threatens Brazil with 50% Tariff; US Futures Slip | Bloomberg Brief 7/10/2025
BloombergThursday, July 10, 2025 at 11:10:20 AM
President Trump just dropped a bombshell by announcing a whopping 50% tariff on Brazilian imports, sending US stock futures tumbling. Markets are jittery, but tech—especially AI—seems unstoppable, with TSMC’s sales surging. BlackRock’s Wei Li thinks tech will keep propping up the market, while Infineon’s chairman warns these tariffs could jack up prices for finished goods like chips. Oh, and the Fed? They’re apparently playing a whole new game now—not just watching data but reacting to it in real time.
Editor’s Note: This isn’t just another tariff headline—it’s a big one. A 50% hit on Brazil could mean pricier goods for Americans and more market turbulence, especially if other countries retaliate. Meanwhile, tech’s AI boom is still going strong, but even that might not be enough to offset trade war fears. And with the Fed shifting gears, investors are stuck reading tea leaves on multiple fronts. Buckle up.
— Curated via WP Now’s
