Bloomberg Daybreak: Asia Edition Washington and Beijing Resume Trade Talks; Markets React to US Jobs Data
5 snips
Jun 9, 2025 
Chris Brigati, Chief Investment Officer at SWBC, discusses the uplifting news surrounding U.S.-China trade negotiations and the unexpected boost in U.S. job growth data. He analyzes how these factors might influence market reactions. Alicia Garcia Herrero, Chief Asia-Pacific Economist at Natixis, shares her insights on what the renewed trade talks could mean for economies in Asia, exploring areas such as export controls and tariffs. Both guests bring cautious optimism about progressing trade agreements amidst ongoing tensions.
AI Snips
Chapters
Transcript
Episode notes
Uncertainty Drives Market Volatility
- Market uncertainty is primarily driven by the evolving tariff situation between the U.S. and China.
- This uncertainty causes volatility in equity and bond markets, especially in interest rates.
Tariffs' Delayed Inflation Impact
- Tariffs are expected to increase inflation eventually, though the effect is not yet visible in data.
- Initial import surges due to tariffs delayed price rises, but supply chain issues will cause inflation to rise later.
Prepare for Higher Consumer Prices
- Companies have absorbed higher costs from tariffs but will soon need to pass these on to consumers.
- Consumers should prepare for potentially higher prices as businesses can only absorb costs temporarily.