July 23, 2026: Trump Rebuilds Tariffs With New Levies, Intel Strong Forecast, More
episodePreviously titled “Trump Rebuilds Tariffs With New Levies, Intel Strong Forecast, More” — renamed by the publisher on Aug 2, 2026
Transcript
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What is the main topic discussed in this episode?
This week on Leaders, with me, Francine Lacqua. I speak to tennis legend Rafa Nadal about how he stayed competitive despite injury.
I was able to enjoy the victories probably more than if I will not have this issue.
One iconic match.
In my mind was, I am almost dead.
And whether he misses playing.
I don't miss tennis because there was nothing else to offer.
Listen and watch Leaders with me, Francine Lacroix, on Bloomberg Television or wherever you get your podcasts.
News when you want it. With Bloomberg News Now, I'm Doug Krisner. The U.S. will collect tariffs ranging from 10% to 12.5% from its major trading partners. Now, these are part of a new set of duties to combat forced labor. Countries with laws against forced labor will have a 10% tariff, and those without such statutes are being hit with a tariff of 12.5%. Here is U.S. Trade Rep. Jameson Greer speaking earlier to CNN.
Even if you're a country that probably doesn't have forced labor yourself, if you're allowing the import of goods made with forced labor, that makes it harder for my goods to compete because we're following labor rules in the U.S. We have labor unions. We have protections for our workers. And so we're trying to get every country to have the same kinds of protections we do to make sure that trade in forced labor isn't occurring so that our workers, our exporters, our companies don't have to compete against that on an unlevel playing field.
That was U.S. Trade Rep. Jameson Greer speaking to CNN. Now, these new duties will take effect as of Friday, 12.01 a.m. New York time. The flow of big tech earnings continued after the closing bell. Intel delivered a surprisingly strong revenue forecast for the current quarter. It underscores Intel's gains with data center customers. And for the latest quarter, sales in the data center segment soared 59% with Intel's central processing units in high demand for AI computing. Here is Bloomberg's Ed Ludlow.
The market is a situation where CPU specifically is taking off for Intel. A lot of their top line performance is answered by that. And in the quarter gone, you know, that unit's growing 59 percent, double what the rest of the business is growing at. So they have found their place in that market. But what they're battling to do is improve their own operations, their own foundries and their own processes so they can get the CPU product that people actually want out there into the real world.
What new U.S. tariffs target goods linked to forced labor and who pays them?
That is Bloomberg's Ed Ludlow, shares in Intel jumped 10% in late U.S. trading. Iran has reportedly rejected a ceasefire proposal from the U.S. The New York Times reports the offer came from President Trump, carried to Tehran by Iraq's prime minister. The Times also reports Iranian officials saying their government was not interested in a temporary deal that left the question of the Strait of Hormuz unsolved. Now, this comes after President Trump earlier in the day threatened to step up strikes on Iran. Trump said that he would also hold Tehran responsible for any further attacks committed by Houthi rebels on ships in the Red Sea. Earlier today, Iran-backed Houthis took responsibility for assaults on two Saudi Arabian oil tankers.
Now, Trump also said damage to ships and cargo would be paid for by Iranian funds frozen by the U.S. The House of Representatives has once again passed a resolution to stop U.S. military action in Iran. Four Republicans crossed party lines to vote with Democrats to require congressional approval for this war.
and we got reaction from north carolina republican senator ted budd anytime you pass a war powers resolution as we've seen pop through the house or the senate at any particular time in the last several weeks it weakens the president's hand which is really putting our war fighters in danger we want to end this quickly and so we need to present a unified strength or unis unified front and full strength and that way we can win more quickly anytime they see us fractured internally our opponents will use that to their advantage, which hurts our men and women in uniform.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–2:26
2
What new U.S. tariffs target goods linked to forced labor and who pays them?
2:26–4:42
3
How did the U.S. Trade Representative justify tariffs based on other countries' labor laws?
4:42–7:52
4
When do the new forced-labor duties take effect and what are the rate details?
7:52–8:28
Speakers
9 identifiedMore from Bloomberg News Now
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