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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. President Trump is vowing to push forward with

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Speaker 1: his tariffs in the coming days. Today, the President said

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Speaker 1: he would not offer additional extensions on country specifical levies

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Speaker 1: set to take effect in early August. Here is Bloomberg's

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Speaker 1: Adam Ferrer.

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Speaker 2: We've seen already two tariff deadlines move, and there's certainly

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Speaker 2: a possibility that this new deadline can move as well.

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Speaker 2: The big takeaway is that countries that are in tough negotiations,

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Speaker 2: particularly larger trading partners like Korea and Japan, that were

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Speaker 2: reaching real difficulty in their discussions as they reached the

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Speaker 2: complex issues like agricultural imports and auto tariffs, have been

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Speaker 2: given a lifeline of three weeks to further negotiate with

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Speaker 2: the US government and try and find a solution before

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Speaker 2: that August deadline.

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Speaker 1: That is Bloomberg's Adam Ferrer. Also today, President Trump announced

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Speaker 1: that he will impose a fifty percent tariff on copper

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Speaker 1: products being imported into the US. Here is Trump.

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Speaker 3: I believe the.

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Speaker 4: Tariff and copper are going to make it fifty percent.

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Speaker 4: We'll be announcing something very soon on pharmaceuticals. We're going

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Speaker 4: to give people about a year a year and a

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Speaker 4: half to come in, and after that they're going to

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Speaker 4: be tariffed. If they have to bring the pharmaceuticals into

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Speaker 4: the country, the drugs and other things into the country,

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Speaker 4: they're going to be tariffed at a very very high rate,

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Speaker 4: like two hundred percent.

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Speaker 1: President Trump speaking there, We got some reaction to these

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Speaker 1: announcements from Carla Hill's former US Trade representative. She spoke

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Speaker 1: to Bloomberg's balance of power.

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Speaker 5: If the deal goes through that he is articulated, in fact,

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Speaker 5: it'll raise inflation, it'll lower the number of jobs that

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Speaker 5: we create, it will create more costly products that we

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Speaker 5: can't participate in, and it's going to hurt the economy. So,

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Speaker 5: for geopolitical reasons and for economic reasons, his plan, and

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Speaker 5: I'm not sure he has one, is most unfortunate.

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Speaker 1: She is carl Hill's former US trade representatives speaking on

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Speaker 1: Bloomberg's balance of power. The Supreme Court has cleared the

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Speaker 1: way for President Trump's plans to downsize the federal workforce.

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Speaker 1: Here's Bloomberg's Amy Morris from Washington.

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Speaker 3: The High Court will allow the Trump administration to move

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Speaker 3: forward with plans to dramatically reduce the size of the

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Speaker 3: federal government, lifting a court order that had blocked nineteen

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Speaker 3: federal departments and agencies from slashing their workforces. Opponents say

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Speaker 3: the move will cause hundreds of thousands of federal workers

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Speaker 3: to lose their jobs. The Supreme Court decision will apply

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Speaker 3: while litigation moves forward. Justice Katanji Brown Jackson was the

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Speaker 3: only dissenting vote in Washington. Amy Morris Bloomberg Radio, We go.

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Speaker 1: To Texas next to where first responders and volunteers are

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Speaker 1: still looking for those missing after devastating flash floods. Nearly

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Speaker 1: one hundred and ten people are confirmed dead, and that

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Speaker 1: includes the children and counselors from an all girls summer

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Speaker 1: camp near Kerrville. Texas Governor Greg Abbott says dozens of

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Speaker 1: people are still missing in Kirk County alone. Here is Abbot.

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Speaker 2: People talk about how strong Texas is because because of

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Speaker 2: people like.

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Speaker 5: You, people who don't wait around for orders and instructions.

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Speaker 3: So I'd like it not just you, but like you.

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Speaker 5: We saw the exact same response in Hurricane Harvey.

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Speaker 1: Texas Governor Greg Abbot speaking there. Meantime, officials in the

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Speaker 1: state are facing questions about their response to this disaster,

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Speaker 1: with some suggesting that more warnings could have been provided.

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Speaker 1: Here is Kirk County Sheriff, Larry Litha.

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Speaker 4: You know that's going to take a little bit of time.

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Speaker 1: As I've told you several times, that is not my

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Speaker 1: priority this time.

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Speaker 2: There's three priorities.

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Speaker 6: That's locating the people out there, identify and notify the Mexicain.

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Speaker 4: That is what I'm taking is my job as sheriff

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Speaker 4: here to.

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Speaker 1: Do, Kirk County Sheriff, Larry Litha. The State Department is

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Speaker 1: tightening it's cybersecurity after an impostor used artificial intelligence to

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Speaker 1: impersonate Secretary of State Marco Rubio and in doing so

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Speaker 1: contact at least three foreign minutess as well as a

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Speaker 1: US governor and a member of Congress. Here's Tammy Bruce,

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Speaker 1: State Department spokesperson.

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Speaker 6: The Department takes seriously its responsibility to safeguard its information

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Speaker 6: and continuously take steps to improve the Department's cybersecurity posture

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Speaker 6: to prevent future incidents.

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Speaker 1: Tammy Bruce, their spokesperson at the State Department. BEDA Platforms

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Speaker 1: has purchased a minority stake in the ray band maker

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Speaker 1: elslor Luxotica. We are told this stake, just under three percent,

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Speaker 1: is worth around three and a half billion dollars at

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Speaker 1: the current market price. Here is Bloomberg's man Deep Sing.

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Speaker 2: Beta is looking to build that AI model that they

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Speaker 2: can roll out across their family of apps, across their devices,

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Speaker 2: you know the Rabang glasses.

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Speaker 1: That is Bloomberg's Man Deep Sing of Bloomberg Intelligence. Now

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Speaker 1: Meta's investment deepens the relationship between these two companies which

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Speaker 1: have partnered on the development of AI powered smart glasses.

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Speaker 1: And that is news. You want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisoner and this is Bloomberg