Morning Business Report: Trump unleashes new tariffs, reshapes education policy
President Donald Trump announced a sweeping new set of tariffs this week, targeting two of America’s key trading partners.
(LILAMAX)- President Donald Trump announced a sweeping new set of tariffs this week, targeting two of America’s key trading partners. Starting August 1, the U.S. will impose a 30% tariff on goods imported from the European Union and Mexico. However, Trump says EU companies can sidestep the levies entirely—if they relocate production to the United States. Mexico, calling the tariffs “unfair,” has entered negotiations with the U.S. in hopes of avoiding the new rate.
The announcement adds another layer to Trump’s increasingly aggressive trade agenda. Just days earlier, the president also threatened a 35% tariff on Canadian imports, a move that rattled investors and sent major stock indexes lower by the end of the week.
In parallel with the trade crackdowns, the Trump administration is pulling back the federal government’s role in student lending. A new tax-and-spending law signed by the president includes restrictions on how much students can borrow and how they repay their loans. The changes are prompting many families to reassess the value and affordability of higher education. Experts say more students may turn to private lenders, which typically charge steeper interest rates than federal programs.
Beyond the economic headlines, a new national survey reveals a shift in how Americans are approaching their well-being. Conducted by Talker Research on behalf of Metagenics, the survey found that 77% of respondents are now prioritizing how they feel internally over how they look externally. Thirty percent reported adopting a more mindful approach to health in 2025, reflecting a growing emphasis on wellness and mental clarity.
In veterinary news, Merck Animal Health has received FDA approval for a new long-acting flea and tick treatment for dogs. The injectable medication, called Bravecto Quantum, is designed for dogs six months and older and must be prescribed by a veterinarian. The treatment adds to the growing trend of simplified, long-term pet care solutions.
