Bloomberg Daybreak: US Edition
Boeing Becomes a Trade War Casualty; Harvard Rejects Trump's Terms
Apr 15, 2025
Scott Bessent, U.S. Treasury Secretary and financial strategist, joins to dissect the fallout of the U.S.-China trade war, particularly how China’s ban on Boeing jet deliveries is a blow to the company’s revenue and supply chains. He also addresses concerns surrounding rising bond yields and the weak dollar, reassuring that the Treasury has tools at its disposal if needed. Additionally, Harvard's pushback against Trump's funding threats highlights tensions between academia and government, raising critical questions about academic freedom.
26:54
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- China's halt on Boeing jet deliveries reflects escalating trade tensions, significantly affecting Boeing's sales and U.S. supply chains.
- Harvard's pushback against Trump's demands to combat antisemitism highlights concerns over academic freedom amidst potential funding cuts from the government.
Deep dives
China's Trade Actions Against Boeing
China's recent directive to its airlines to halt further deliveries of Boeing aircraft highlights the escalating tensions in the U.S.-China trade conflict. As China is forecasted to account for a significant portion of global aircraft demand, this decision represents a substantial blow to Boeing, which has historically benefitted from a lucrative market in China. The order not only impacts aircraft deliveries but also encompasses parts and equipment sourced from U.S. companies, amplifying economic strains within the aviation sector. This move comes amidst broader trade hostilities, indicating China's intent to reduce reliance on American aviation products amidst ongoing tariffs and trade barriers.
