Bloomberg Surveillance · Friday, July 24, 2026
The US is implementing new tariffs, with President Trump's administration imposing 10-12.5% duties on goods from 60 countries. Experts predict these tariffs will be inflationary, with the cost ultimately borne by American companies and consumers, potentially exacerbating economic anxiety.
“Teriffs are back, David and just white President Trump's claim that other countries pay for it. The duties are all basically born by American companies and at the end of the day, American consumers absolutely right.”
“So we see the present using Section three or one of that Trade Act of nineteen seventy four to impose ten to twelve and a half percent tariffs on sixty countries and more perhaps are on the way here. Look, it's an interesting moment at which this is happening. You're going to talk about inflation. I'm sure over the course of the show we know that these are going to be inflationary.”
“The least that the administration is doing this is they look at this war in the Middle East widening and lasting longer than they thought it would be. I think it's still incumbent upon them to try to make the sale to explain to the American people why this is the route that they're going down, these latest tariffs on human rights grounds at least a name, and we'll see sort of the American people.”