Big Take A Turning Point in Trump’s Trade War
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Jun 2, 2025 Join Brendan Murray, Bloomberg's trade coverage leader, and legal reporter Erik Larson as they explore the intricate web of Trump's trade war. They discuss the ongoing 90-day pause on tariffs and the shaky status of trade negotiations. The conversation highlights rising tensions with China and the impact of legal challenges that threaten to derail Trump's tariff strategies. With courts getting involved, the duo delves into how these legal battles could reshape U.S. trade power and international relations.
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Trade War Reaches Crucial Turn
- Trump's trade war is at a crucial turning point with his aggressive tactics increasingly questioned.
- His repeated threats risk losing credibility as counterparts may start ignoring his bluffs.
Trump's Legal Leverage on Tariffs
- Trump doubled steel and aluminum tariffs using a more solid legal authority tied to national security.
- This shows he retains some leverage despite setbacks in court rulings on his trade policies.
Legal Setbacks Weaken U.S. Trade Leverage
- Ongoing trade talks with countries like Japan, South Korea, India, and Switzerland are progressing but face delays.
- Legal setbacks have weakened U.S. leverage, causing trading partners to become more resistant.