New Trade Deals, Fed Defies Trump & Lollapalooza From Home - Thursday, July 31, 2025
The NewsWorthy
Erica Mandy
4.7 • 1.3K Ratings
🗓️ 31 July 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
The news to know for Thursday, July 31, 2025!
We're talking about President Trump's latest trade declarations as countries around the world try to meet this week's deadline.
Also, another Ivy League school reached a deal with the White House, while the Federal Reserve decided to keep resisting Trump.
Plus, we'll tell you what former Vice President Kamala Harris has to say about her next career move, why a former NBA All-Star was arrested in an illegal gambling sting, and how to watch one of this year's most popular music festivals from home.
Those stories and even more news to know in about 10 minutes!
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Transcript
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| 0:00.0 | Today is Thursday, July 31st. We're talking about President Trump's latest trade declarations |
| 0:05.0 | as countries around the world try to meet this week's deadline. Also, another Ivy League school |
| 0:10.2 | reached a deal with the White House, while the Federal Reserve decided to keep resisting Trump's |
| 0:14.7 | demands. Plus, what former Vice President Kamala Harris has to say about her next career move, |
| 0:19.9 | why a former NBA All-Star was arrested in an illegal gambling sting, and how to watch one of this year's most popular music festivals from home. Those stories and even more news to know next. |
| 0:33.1 | Welcome, welcome to The Newsworthy. All the day's news in about 10 minutes. Fast, fair, fun, and on the go. |
| 0:39.4 | I'm Lacey Evans, filling in for Erica Mandy today. Thanks so much for being here. You ready? Let's do this. |
| 0:47.7 | President Trump's deadline for trade deals is now just one day away. And with that, he's making some more announcements. |
| 0:54.1 | For starters, |
| 0:54.5 | he ruled out a deal with India by tomorrow and imposed higher tariffs on the country. All imports |
| 1:00.1 | from India now face a 25% tariff, up from the nearly 2.5% it's paid in recent years. Plus, |
| 1:06.7 | they'll face an extra penalty for what Trump says is an over-reliance on Russian energy and military |
| 1:11.9 | equipment. That's significant since companies like Apple shifted production to India to avoid high |
| 1:17.2 | tariffs in China. And top U.S. imports from India include not only smartphones, but also chemicals, |
| 1:23.1 | plastic, leather goods, agricultural products, and metals. Also yesterday, Trump made good on his threats to |
| 1:29.6 | apply 50% tariffs on Brazil, up from 10%. The White House also sanctions the Brazilian judge |
| 1:35.8 | overseeing cases involving former president Zaire Bolsonaro. He's the Brazilian right-wing |
| 1:41.2 | populist leader who is accused of trying to stage a coup after losing |
| 1:45.0 | the 2022 election. And Trump calls the legal action against him a witch hunt. So he's using both |
| 1:51.2 | tariffs and sanctions to apply pressure. Meanwhile, other countries are still making deals. |
| 1:56.5 | President Trump says South Korea agreed to a 15% tariff, just like Japan and the EU, while American imports won't face any tariffs. |
| 2:04.7 | Trump says South Korea will also invest hundreds of millions of dollars in the U.S. |
... |
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