Trump Threatens 35% Canada Tariff, Higher Global Rates | Horizons Middle East & Africa 07/11/2025

From Bloomberg Markets and Finance.

President Trump threatens a 35% tariff on some Canadian goods from August 1, and also raised the prospect of increasing levies on most other countries; trade and tariffs likely top of the agenda when US Secretary of State Marco Rubio and his Chinese counterpart, Wang Yi, meet today in Kuala Lumpur; and oil trading higher after falling more than 2% Thursday as OPEC+ reportedly discusses a pause to supply hikes from October onwards. Guests on the show include: Eugenia Victorino, SEB Head of Asia Strategy; and Carla Slim, Standard Chartered, MENA Economist.

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.

Chapters:
00:00:00 – Introduction
00:05:16 – President Trump threatens a 35% tariff on some Canadian goods
00:08:36 – Eugenia Victorino, SEB Head of Asia Strategy
00:14:50 – US-China: Rubio, Wang Yi to meet today at ASEAN Foreign Ministers meeting
00:18:43 – Bruno Jean Richard, Republic of Congo Hydrocarbons Minister
00:26:20 – Carla Slim, Standard Chartered, MENA Economist
00:34:15 – Bloomberg Originals: Why Vietnam had to make a deal with Trump
00:36:57 – Akon’s ‘Wakanda’ city project in Senegal scrapped
00:42:30 – Bashir Ojulari, Nigerian National Petroleum Company CEO
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