UBS On-Air: Market Moves

Washington Weekly Podcast: Trade deals, Congressional redistricting, Early recess

Jul 24, 2025
Shane Lieberman, a Senior Governmental Affairs Advisor at UBS, shares insights on crucial trade developments between the U.S., Japan, and the EU. He discusses the ongoing redistricting efforts in Texas and California, revealing the political maneuvering from both parties. The conversation highlights why Congress is taking an early recess in August and the potential challenges lawmakers will face upon their return, including issues of government funding and the threat of a shutdown. A must-listen for anyone interested in the intersection of politics and trade!
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INSIGHT

U.S.-Japan Trade Deal Insights

  • The U.S.-Japan trade deal reduces tariffs to 15% but secures $550 billion investment and Boeing airplane sales.
  • This deal signals de-escalation and improved relations between U.S. and Japan amid previous trade tensions.
INSIGHT

Upcoming Trade Deals with EU and China

  • A U.S.-EU trade deal is anticipated next with a looming August 1 deadline.
  • China trade talks follow separately around mid-August, indicating continued trade negotiations ahead.
INSIGHT

Mid-Cycle Redistricting Battle

  • Texas aims for mid-cycle redistricting to help Republicans gain House seats.
  • Democrats seek similar efforts in California and New York but face constitutional and legal obstacles.
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