Trump Hardens Iran Stance, Administration Takes Aim at Vaccines, More
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Why is President Trump demanding reparations from Iran and how might it affect the Strait of Hormuz?
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want it with Bloomberg News Now. I'm Nathan Hager
and I'm Karen Moscow.
Karen, the US and Iran appear to be hardening positions as the wait continues for a deal to reopen the Strait of Hormuz. President Trump says he is demanding reparations from Iran over past attacks, along with compensation to the families of protesters who've been killed over the years. The president says it's a response to Iran's own compensation demands.
Reparations you might say, or they asked for uh money for the damage that we've done. I said that's a good idea. Well we're gonna ask for money for the damage they've done over a fifty year period.
The hardliners over the weekend have asked for some maximalist demands. Those include the lifting of the U.S. naval blockade on the Strait of Hermuz, a compensation for the damages occurred by the war. And then you also have them asking for the lifting of oil sanctions, the blocked assets. President Trump in the latest remarks has said that while if Iran is going to ask for that, the US will also ask for compensation over the thousands killed.
And Bloomberg Zabir Abu Omar reports President Trump also says Iran should be held responsible for deaths and damages caused by its proxy groups in Lebanon, Syria, Yemen, and Gaza.
Nathan, reports are emerging of an extraordinary operation to protect President Trump from an Iranian assassination threat last month. The Washington Post says the president's older Air Force One jet was used as a decoy while he secretly flew from Turkey to the UK on a smaller military aircraft. Bloomberg's Chris Pitt has the details.
Trump had arrived at the NATO summit in Ankara aboard his new Qatari gifted Air Force One. The plane was then sent ahead to Britain for a transatlantic journey home, while Trump was filmed boarding the older Air Force One in Turkey. At the time, Trump denied the change was about security, saying it was simply to show the newer jet to US service members in the UK. The New York Times later reported that the United States was that the Unit Reported that a credible Iranian threat had prompted the Secret Service to recommend a change of aircraft.
What secret security measures were taken to protect Trump from an alleged Iranian assassination threat?
But the Washington Post now says the security operation went much further with another secret switch. It says Trump was taken off the older Air Force One in an airport catering truck and transferred onto a smaller military plane. The legacy presidential plane then flew to Britain as a decoy, carrying journalists and some White House staff who believed the president was still aboard. In London, Chris Pitt, Bloomberg Radio.
Chris, thanks. Trade friction may be reemerging between the U.S. and China ahead of next month's Washington summit between Presidents Trump and Xi Jinping. China has ordered steep anti-dumping deposits on pecan imports from the U.S. and Mexico. China says the nuts from both countries are being sold at unfairly low prices. Starting today, importers of U.S. pecans are required to pay a deposit rate of more than 54%, those buying from Mexico will pay less.
Nathan, we have elections in focus today with special primaries in Alabama and South Carolina, plus congressional races in several more states. And Bloomberg's Amy Morris has the details.
A Supreme Court ruling cleared the way for Alabama to use its 2023 legislature-drawn congressional map, but it was too late for four of those district races, so they were rescheduled for August 11th. In South Carolina, ten Republicans are competing in a special primary election to replace the late Senator Lindsey Graham on the general election ballot.
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Chapters
7 chapters
1
Why is President Trump demanding reparations from Iran and how might it affect the Strait of Hormuz?
0:00–2:48
2
What secret security measures were taken to protect Trump from an alleged Iranian assassination threat?
2:48–4:43
3
How are new trade frictions between the U.S. and China impacting pecan imports and other commodities?
4:43–6:17
4
What are the latest developments in the Alabama and South Carolina special elections?
6:17–7:21
5
Why is the Trump administration pushing to split the MMR vaccine and linking it to autism concerns?
7:21–8:04
6
How is NVIDIA financing $500 billion of AI infrastructure and which firms are backing the deal?
8:04–8:50
7
What were the key highlights from Bloomberg’s sports update, especially the Dodgers’ recent win?
8:50–8:55
Speakers
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