Tariffs Take Effect; Fed Officials Voice Concern Over Labor Market | Bloomberg Brief 8/7/2025 US equity futures rise after the Kremlin confirmed that Presidents Putin and Trump will meet for summit talks in the next few days. President Trump's sweeping new tariffs officially took hold, as he barrels forward with his turbulent push to reshape global trade. The president also announced his plans for a 100% tariff on chip imports while exempting Apple with its increased US investment. Three Fed officials voiced their concerns over the US labor market, pointing to a potential rate cut in September. Nandini Ramakrishnan of JPMorgan believes that tariffs will be difficult for some EM countries, such as South Korea and Taiwan, to handle. Thierry Wizman of Macquarie Group thinks the US government may want to raise the inflation target to 3%. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
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