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For your information, you can find below the description of the video Trump Says 'Very High' Pharma Tariffs Coming; ASML Orders Beat | Daybreak Europe 7/16/2025 published by the Youtube channel Bloomberg Television:
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.
On today's show, Donald Trump says he'll probably impose 'a very high tariff' on pharmaceuticals at the end of the month, and semiconductors are also in the firing line. Meanwhile Indonesia agrees a 19% tariff and will buy more than $19 billion of American goods, including 50 Boeing jets.
Traders trim bets on the Federal Reserve cutting rates, after US CPI inflation data shows evidence that tariff costs are being fed through to consumers.
Plus ASML's second quarter orders beat estimates as the AI boom drives demand for its machines, but the CEO is cautious on the outlook, citing increasing geopolitical uncertainty.
Today's guest: Pascal Lamy, Jacques Delors Institute Coordinator & Former WTO Director-General.
Chapters:
00:00:00 - Daybreak: Europe
00:00:58 - ASML 2Q Bookings Beats Estimates
00:03:23 - Trump Says Drug Tariff Probable By Aug. 1
00:05:37 - Trump Says Indonesian Goods To Face 19% Tariffs
00:07:25 - US Inflation Rises By Less-Than-Expected
00:09:25 - Hassett Front Runner To Replace Powell: Sources
00:12:11 - ASML Walks Back 2026 Forecast as Tariffs Muddy Outlook
00:16:22 - US Banks Post 2Q Earnings
00:19:23 - Analysts Divided on Bank Stock Path
00:20:47 - NVIDIA CEO Huang Wins China Reprieve
00:22:06 - US Lifts Ban On Some AI Chip Exports to China
00:26:26 - Richemont 1Q Earnings
00:27:15 - France Unveils Stringent Budget Plan
00:30:33 - Pascal Lamy, Jacques Delors Institute Coordinator & Former WTO Director-General
00:39:04 - Reeves Vows to Overhaul Ring Fence Rules
00:42:12 - Santander's Botin on Opportunities in Europe
00:44:34 - Market Pricing Wane For Two Fed Cuts For 2025
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