Trump Threatens New EU Tariffs, US Measles Reach 35-Year High, More
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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 Amy Morris. President Trump threatened new tariffs on products from the European Union in retaliation to the bloc's billion dollar fine of Alphabet's Google. The president in a social media post said the U.S. would launch a trade investigation, quote, into the practice of robbing American companies and in turn the American taxpayer. Trump's threat comes on the heels of his decision to impose duties of at least 10 percent on products from around 60 trading partners, including the EU, citing the desire to limit goods made with forced labor. Senior policy analyst Nathan Dean with Bloomberg Intelligence.
So the headline risk that's going to come from President Trump's social media is going to only increase. The only thing that's really stopping him at this point is the midterm elections because tariffs is really unpopular. But after the midterm elections, I think 2027 is going to be a story of tariffs.
Bloomberg senior policy analyst Nathan Dean on Bloomberg Intelligence. Dartmouth College professor of economics Douglas Irwin tells Bloomberg News there may be much higher tariffs coming for places like China and the European Union.
There's a lot more Section 301 cases coming down the pike. on grounds of excess capacity in other countries. And that's a case where I think it'll target China, maybe the European Union and a few other countries.
and potentially lead to much higher tariffs than this 10 to 12.5% range we've been talking about.
Dartmouth College Professor of Economics Douglas Irwin on Bloomberg TV. Measles infections in the U.S. have now hit a 35-year high. This year's cases have already outpaced last year's total with more than 2,300 confirmed infections in 43 states and Washington, D.C. The decline of state mandates that all children be inoculated before they go to school... led to some communities falling below vaccination rates of 90%. That's the minimum they need for herd immunity. Measles is highly contagious and can lead to dangerous complications. Iran targeted American strongholds around the Persian Gulf while the U.S. bombarded Iranian military sites as they showed no sign of backing off from the conflict.
How did Trump threaten new tariffs against the EU over Google's fine?
And the shortage of U.S. missiles and missile defense systems has been exacerbated by the war. Tom Carrico is defense analyst at the Center for Strategic and International Studies.
The numbers of offensive and defensive missiles that have been expended in this conflict is frankly shocking, degrading our deterrence and defense abilities in the Pacific, for instance. We are essentially tempting China to do something because we are moving stuff out of the Pacific. It just makes it that much more tempting for them to pick a fight with the Philippines or with Taiwan or whomever.
Tom Carrico is a defense analyst at the Center for Strategic and International Studies. He was on Balance of Power. Oil is off session lows now. WTI at $89 a barrel and Brent crude nearing $97 a barrel. Wall Street traders sending stocks wavering at the end of this jittery week. We check markets for you all day long here at Bloomberg. The S&P 500, little changed on the downside. NASDAQ down 0.6%. The Dow up 0.3%. The 10-year Treasury yield at 4.68%, the 2-year yield at 4.33%. The Philadelphia Semiconductor Index more than 4% lower, led by Micron, which has fallen nearly 8%. Intel shares nearly 6% lower after the chipmaker delivered a revenue forecast that beat Wall Street expectations. Senior semiconductor analyst Kujan Sabani with Bloomberg Intelligence says Intel actually gained in the pre-market, but it's now lower in regular trading, probably because of the expense associated with AI.
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