Bloomberg Daybreak: Asia Edition Trump Wins Tariff Reprieve as Trade Agenda Faces Roll Back
9 snips
May 30, 2025 
Mary Nicola, a Bloomberg MLIV Strategist, and Scott Ladner, Chief Investment Officer at Horizon Investments, delve into the recent federal appeals court ruling that temporarily upholds Trump's tariffs. They discuss how this affects U.S.-China trade relations and the impact on Asian markets. The duo also analyzes the U.S. equity market’s response to strong guidance from Nvidia and broader economic pressures tied to Trump's push for lower interest rates from the Federal Reserve, giving insights into potential market dynamics ahead.
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Tariffs' Legal Battle Continues
- The federal appeals court temporarily kept Trump's tariffs in place, adding to policy uncertainty.
- This move suggests a prolonged legal and trade policy battle, potentially reaching the Supreme Court.
China's Long-Game Trade Strategy
- China's trade strategy is long-term focused and self-interested, often unaffected by US interests.
- Trade talks with China are expected to be protracted, resembling earlier Trump administration engagements.
Japan's Inflation and Bond Pressure
- Japan's inflation is rising unexpectedly, causing market jitters.
- The Bank of Japan faces pressure to react amid stagflation-like conditions and weakening demand for long-term debt.