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Bloomberg Businessweek
Trump Plans to Impose 25% Tariffs on Steel, Aluminum Imports
Feb 10, 2025
Joe Deaux, a Bloomberg News Metals & Mining Reporter, discusses Trump's proposed 25% tariffs on steel and aluminum imports, exploring its potential impact on domestic production and inflation. Dan Close, Head of Municipals at Nuveen, dives into the complexities of stadium financing in the municipal bond market. Tim Gokey, CEO of Broadridge, shares insights on the evolving investment landscape and the firm's role in capital markets amidst rising technology trends. The conversation highlights the intricate relationship between tariffs and global investment dynamics.
43:49
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Quick takeaways
- President Trump's proposed 25% tariffs on steel and aluminum imports aim to protect domestic industries but may strain U.S. trade relationships.
- Emerging payment innovations like stablecoins could revolutionize transaction methods, enhancing efficiency and accessibility for consumers and businesses alike.
Deep dives
Origins of a Payments Revolution
In the 1950s, a businessman pioneered a new method to settle his lunch tab, laying the groundwork for the modern payments landscape. This initiative marked the beginning of a significant shift in how transactions were processed, ultimately leading to the development of various payment systems we see today. The desire for convenience and frictionless transactions drove the evolution of payment methods, transforming consumer behavior and business operations. Today, this legacy continues as emerging solutions, like stablecoins, promise to further innovate the payments sector.
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