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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyApril 24th, 2025
Featuring:
1) Jean Boivin, Head of the BlackRock Investment Institute, joins for an extended discussion on the global economic transformation and how US trade policy is just one piece of the broader geopolitical global economic transformation. As China calls on the US to revoke unilateral tariffs, the country warns of the threat of ongoing frictions to trust in the global economic system and emphasize the need for cooperation to prevent the global economy from sliding into a track of "high friction, low trust".
2) Brian Kingston, President & CEO at the Canadian Vehicle Manufacturers’ Association, discusses how President Trump's tariffs will affect Canadian manufacturing, whether a leadership change in Canada will help, and how it could all change if the president backs off on 25% tariffs on car parts. The Financial Times is reporting that rump plans to spare carmakers from some of his most onerous tariffs.
3) Daniel Tannebaum, Partner at Oliver Wyman, joins from the IMF Spring Meetings in DC to discuss what he's hearing about tariffs and developments in a Ukraine-Russia deal. It comes as President Trump is pressuring Ukrainian President Zelenskiy to accept a peace deal, accusing him of prolonging the war, and says he hopes to meet with Russian President Putin soon. The US has proposed a deal that would effectively freeze the conflict, acknowledge Russia's occupation of Crimea, and ease sanctions on Moscow, but Ukraine and Europe want assurances of a ceasefire and security guarantees before any agreement.
4) Tina Fordham, founder at Fordham Global Foresight, discusses the geopolitical outlook amid an entirely unclear trade war and how policy is shaping markets, or vice versa. Many experts and leaders have called for policy certainty, with Citadel founder Ken Griffin most recently saying President Trump's trade war has derailed business leaders' plans to focus on growth for the next four years.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Business Insider report on Costco shoppers cashing in on company rewards and a WSJ report on college graduates facing a tough job market.
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