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.
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Boeing in Trade Crosshairs
- Boeing faces a setback as China halts jet deliveries amid trade tensions.
- This impacts Boeing significantly, as China represents a substantial portion of global aircraft demand.
Trade Probes and Tariffs
- The Trump administration initiates trade probes into semiconductor and pharmaceutical imports, citing national security.
- This move adds to the complexity of navigating the evolving trade landscape under the Trump administration.
Harvard Funding Fight
- Harvard rejects Trump administration demands, citing threats to academic freedom.
- The government responds by freezing $2.2 billion in grants, impacting research and public health programs.