Squawk Pod: More tariffs coming & Cyclospora’s source - 07/21/26 | Audio Only

Summary

The podcast covers new 50% tariffs on Canadian goods, U.S. strikes on Iran for a tenth day pushing crude oil near $85, a cyclospora outbreak linked to Taco Bell lettuce causing a drop in foot traffic, and the London Stock Exchange moving toward 24-hour trading. U.S. Trade Representative Jamieson Greer explains the tariff rationale and hints at more action on forced labor. Former FDA chief Scott Gottlieb reassures that the lettuce contamination is being resolved and eating at chains is now safer.

• U.S. imposes 50% tariffs on Canadian wine, hockey sticks, cement; more tariff action on forced labor expected soon.
• U.S. forces strike Iran for 10th straight day; crude oil climbs to nearly $85, raising concerns about gasoline and midterms.
• Cyclospora outbreak tied to Taylor Farms lettuce supplied to Taco Bell; Taco Bell foot traffic falls 19%.
• FDA had a false positive test but still links the outbreak to Mexican iceberg lettuce; Scott Gottlieb says epidemiological evidence remains strong.
• Gottlieb says restaurant lettuce is now safer as supply chains have shifted; he would eat at Taco Bell without concern.
• London Stock Exchange plans LSE 24 nearly around-the-clock weekday trading; NYSE and Nasdaq also extending hours.
• China's AI advances draw US scrutiny; Trade Representative Greer sees model distillation as IP theft and unfair subsidies.
• General Motors and other companies face uncertainty as US-Canada trade framework under USMCA erodes.