Balance of Power

Economic Angst Hits Wall Street

Apr 10, 2025
Shawn Donnan, a senior economics writer at Bloomberg, and Terry Haynes, founder of Pangea Policy, dive into the escalating U.S.-China trade tensions shaking Wall Street. They discuss the chaotic market reactions, with stocks and the dollar facing significant drops. The duo analyzes how tariff policies and shifting corporate strategies are impacting investor confidence. They also highlight the complexities of trade negotiations and the potential long-term repercussions on global growth, leaving listeners with much to ponder about the economy's future.
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INSIGHT

Economic Impact of Tariff Uncertainty

  • The market reacted negatively to Trump's tariff policy changes, causing uncertainty.
  • Companies are halting shipments, impacting the US and global economies.
INSIGHT

Tariff Negotiation Challenges

  • Trump's tariff negotiations will likely take much longer than 90 days.
  • These negotiations are complex, and Trump's baseline tariff is unrealistic.
INSIGHT

China's Response to Tariffs

  • China appears to be preparing to weather the tariffs without the US.
  • Analysts suggest they may believe they can manage without the US.
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