Squawk on the Street SOTS 2nd Hour: Tariffs Latest: Key Headlines and What It Means For Big Tech… Plus: FTC VS. Meta & A Big Banks Breakdown 04/14/25
Apr 14, 2025
Jim O'Neill, former U.K. Treasury Minister and ex-Chairman of Goldman Sachs Asset Management, teams up with Roger Altman, Evercore founder and ex-deputy Treasury secretary, to dissect current economic trends. They discuss unfolding tariff exemptions on electronics and their repercussions for major tech players like Apple and NVIDIA. The duo also delves into Meta’s antitrust battle and its implications for Big Tech, while analyzing the precarious state of the dollar and banking sector amid looming recession fears.
AI Snips
Chapters
Transcript
Episode notes
American Exceptionalism in Question
- U.S. markets and the dollar's dominance are being questioned.
- Investors are shying away from dollar-denominated assets, impacting treasury yields.
Tariff Policy Uncertainty
- The current tariff policy creates uncertainty, negatively impacting businesses.
- This uncertainty stems from fluctuating tariffs and exemptions, causing hesitation in decision-making.
The Importance of Imports
- Businesses should understand imports are crucial for production and exports.
- Imports enable the assembly of final products, leading to job creation and economic growth.