Bloomberg Daybreak: Europe Edition
Trump Eyes Gradual Tariffs, UK Bond Deluge Resumes, and Is TikTok For Sale?
Jan 14, 2025
In this discussion, Kritti Gupta, a Bloomberg TV anchor, delves into Donald Trump's strategy of gradually increasing tariffs. This cautious approach aims to enhance negotiating leverage while mitigating inflation spikes. Gupta also highlights the UK's bond market dynamics amid recent turmoil and Prime Minister Keir Starmer's steadfast fiscal stance. Additionally, the potential acquisition of TikTok by Elon Musk is examined, reflecting broader geopolitical tensions and regulatory challenges. It's a whirlwind of economic insights and political intrigue!
17:02
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Quick takeaways
- The UK government is approaching a critical bond sale amid rising yields, prompting scrutiny on Chancellor Rachel Reeves's fiscal response to economic instability.
- Chinese officials are considering a sale of TikTok's US operations to Elon Musk as a contingency against potential bans, highlighting complicated big tech and geopolitical dynamics.
Deep dives
Potential Trade Tariff Increase
A proposal is being considered to gradually increase trade tariffs by 2-5% each month following Donald Trump's inauguration. This plan seeks to implement tariffs without requiring congressional approval by invoking emergency powers related to national crises. It aims to balance protection for American consumers and mitigate potential inflationary impacts. Notably, the strategy may differ from Trump's previous promises of more aggressive tariffs, which could influence voter sentiments around affordability and economic conditions.
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