CNBC Daily Open: Trump welcomes the weekend with tariffs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
0mins
Source: CNBC
Tariff Announcement: President Trump announced a 30% tariff on goods imported from the EU and Mexico via social media over the weekend, potentially to avoid immediate market backlash, while the EU suspended retaliatory tariffs in hopes of reaching a deal.
Market Impact: U.S. stock futures declined following the tariff news, with major indexes falling for the week, while Chinese exports exceeded expectations, and Chinese electric vehicle brands gained significant market share in Europe due to Norway's lack of tariffs on their imports.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
