Bloomberg Surveillance

Trump Tariffs: Everything You Need to Know

11 snips
Apr 3, 2025
Discover the drastic tariffs introduced by President Trump, shaking up global trade dynamics and sparking market sell-offs. Learn about the fierce backlash from international partners like China and the EU, which are preparing their own countermeasures. Explore the potential economic recession looming due to these trade tensions and how U.S. corporations are scrambling to adapt their supply chains. This podcast also touches on the broader implications for inflation and economic growth amidst rising geopolitical uncertainties.
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INSIGHT

Targeted Nations

  • China faces a tariff above 50% on many goods due to President Trump's new policy.
  • The EU, Japan, and Vietnam also face increased tariffs.
INSIGHT

Trump's Tariffs

  • President Trump imposed steep tariffs, impacting global markets and sparking retaliation threats.
  • This "Liberation Day" includes a 10% tariff on all U.S. exporters and higher duties on about 60 nations.
INSIGHT

Political Reactions

  • Reactions to the tariffs are divided, with some Republicans supporting Trump and others opposing.
  • House Minority Leader Hakeem Jeffries called it "Recession Day."
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