ASML Shares Slide as Tariff Uncertainty Prompts Growth Warning

WSJ Minute Briefing

The Wall Street Journal

Business News, News

3.6 • 631 Ratings

🗓️ 16 July 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus: Canadian Prime Minister Mark Carney admits for the first time that a tariff-free trade deal might not be in the cards for Ottawa. And the Trump administration is planning on making it easier for 401(k) plans to invest in private markets. Azhar Sukri hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Active fixed income ETFs from Hartford funds. Built to help you navigate complex bond markets with the affordability of an ETF.
0:09.1	Actively managing your fixed income is actively managing your client's future. Learn more at Hertfordfunds.com slash active.
0:17.6	Investing involves risk. Carefully consider funds investment objectives, risk, charges and expenses before investing.
0:23.1	Visit Hertfordfunds.com to obtain a prospectus containing this and other information.
0:27.0	Read it carefully before investing. Alps Distributors.
0:34.0	Here's your morning brief for Wednesday, July 16th. I'm Azha Sukri for the Wall Street Journal.
0:40.4	Shares of Dutch semiconductor company ASML are falling after it said it could no longer guarantee growth in 2026 amid US tariff uncertainty.
0:50.9	The stock is down more than 30% over the past 12 months. The warning from ASML comes days after
0:57.9	Trump sent a letter to the European Union threatening a 30% tariff on imports from the block
1:04.3	beginning August 1st as trade talks between Brussels and Washington continue.
1:10.2	Canadian Prime Minister Mark Carney has said it may not be possible for Canada to escape US
1:15.8	tariffs, even if the country's reached a new economic and security pact that's been under negotiation.
1:22.2	Trump has given Canada until August 1st to reach a deal with the White House on trade or face a higher 35% levy
1:30.9	on imports not compliant with the USMCA Trade Pact. Currently, Canada faces a 25% tariff on vehicles
1:38.7	made north of the border and a 50% levy on steel and aluminum.
1:49.8	And we are exclusively reporting that President Trump is expected to sign an executive order to help make private market investments more available to US retirement plans.
1:55.2	That's according to people familiar with the matter,
1:57.3	who added that the order would instruct the Labor Department
2:00.0	and the Securities
2:01.2	and Exchange Commission to provide guidance to employers on including investments like private
2:06.7	assets in 401K plans. Although retirement plan sponsors can already put some investments in private
2:14.1	funds, many companies have been concerned about being sued by employees over
	...

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