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The Fox News Rundown

Business Rundown: Trump Dials Up Tough Trade Talk With Canada

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.5K Ratings

🗓️ 11 July 2025

⏱️ 16 minutes

🧾️ Download transcript

Summary

A fresh tariff deadline has been set by President Trump, who announced on social media that the U.S. will impose 35 percent tariffs on a large swath of Canadian imports if a deal is not reached by August 1st. FOX Business co-anchor of The Big Money Show Jackie DeAngelis speaks with CIO of Siebert Financial Mark Malek about how the market has already priced in trade tensions, NVIDIA reaching a $4 trillion cap, and why he thinks this market has more runway to grow. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I had the absolute pleasure of speaking to Pamela Anderson.

0:04.2

All thanks to the Dove Self-Eesteem Project.

0:07.1

We speak about the impact Y2K has had on women's body confidence and how Pamela has regained control.

0:12.9

The Dove Self-Esteam project is an amazing initiative supported by science-backed methodology

0:17.8

to help us improve our relationship with our bodies.

0:20.8

To find more

0:21.4

body confidence-building exercises, go to dove.com forward slash Y2K. That's Y2K spelled W.H.Y.2K.

0:30.1

I'm Jackie DeAngelis, and this is the Fox Business Rundown.

0:40.6

Friday, July 11th, 2025.

0:46.1

A fresh tariff deadline has been set by President Trump announcing on social media that the U.S. will impose a 35% tariff on large swath of Canadian imports if a deal is not reached by August 1st.

0:54.0

So getting into the market at these levels, yes, it takes a little harder to get that conviction,

1:00.0

but certainly investors should not fear getting in the market.

1:03.0

This market has plenty more room to go.

1:06.0

Late Thursday night, President Trump issued a new tariff threat to our Canadian trade partners. In a letter to

1:12.2

Canadian Prime Minister Mark Carney posted online, the president explained that this 35% levy

1:17.7

against all non-exempt goods would take effect by August due to the persistent issues his administration

1:23.7

is seeing with fentanyl entering our borders and Ottawa's trade retaliations against

1:29.0

Washington. Prime Minister Carney responded saying his country would continue to work towards

1:33.6

negotiating a deal before August 1st. This trade news has sent some volatility toward the market this

1:39.8

Friday after what had been a historically strong week for the major indices.

1:45.1

Earlier in the week, the S&P 500, the NASDAT, they both closed at all-time highs with Wall

1:49.6

Street favorite NVIDIA, closing at a $4 trillion market cap.

...

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