Trump’s New Tariffs to Face Pushback in Asia | Insight with Haslinda Amin 7/24/2026
Speakers
Tom Giles
— Executive Editor for Technology, Bloomberg
June Goh
— Senior Oil Analyst, Sparta Commodities
Claire Reade
— Senior Counsel, Arnold & Porter
Sun Chanthol
— Deputy Prime Minister of Cambodia
Summary
Bloomberg's 'Insight' discusses new US forced-labor tariffs on 60 economies, Intel's AI-driven comeback, surging oil prices on Iran conflict, and Cambodia's efforts to cut tariffs and attract investment. India's student protests over exam leaks emerge as a political challenge with economic implications.
- US imposes forced-labor tariffs of 10-12.5% on 60 trading partners, with legal analyses suggesting greater durability than previous tariff actions.
- Intel shares jump after strong results fueled by data-center server chip demand and bullish foundry comments.
- Asian tech stocks sell off sharply, but underlying memory-chip fundamentals remain robust according to Bloomberg's technology editor.
- Brent crude tops $100 as the Iran conflict and Houthi attacks threaten Strait of Hormuz and Red Sea shipping, creating a historic supply shock.
- Cambodia's deputy prime minister discusses tariff negotiation progress, investment incentives, and the Funan Techo Canal as a game-changer.
- Massive student protests in India over exam paper leaks highlight youth frustration over economic opportunities, challenging PM Modi's popularity.
Ideas
Data center demand fuels Intel turnaround.
Intel's data-center server chip demand is surging, driving strong results and bullish forecasts, while capex is increasing and foundry ambitions are progressing, supporting a sustained turnaround.
Memory chip demand robust, crunch not over.
The memory chip crunch is not over; underlying fundamentals remain good and demand for SK hynix, Micron and Samsung still strong, making recent declines a buying opportunity rather than a reason to worry.
Historic oil supply shock supports high prices.
The Iran conflict has created the most significant oil supply shock in history, with loss of a billion barrels, Strait of Hormuz and Red Sea disruptions, and rerouting around the Cape; prices will stay elevated with no normalization anytime soon.
