Bloomberg Daybreak: US Edition Trump's Temporary Tariff Reprieve; Blue Origin Launch
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Apr 14, 2025 President Trump hints that the pause on tariffs for consumer electronics is just a temporary relief, with a semiconductor tariff rate announcement expected soon. Meanwhile, Goldman Sachs reports strong trading revenue, but investors remain wary of potential recession fears and tariff impacts. In an exciting twist, Jeff Bezos' Blue Origin is set to launch an all-women crew to the edge of space, spotlighting notable figures like Katy Perry and Lauren Sánchez. This blend of economic uncertainty and groundbreaking space exploration makes for a captivating discussion.
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Temporary Tariff Relief
- President Trump announced exemptions for popular consumer electronics from planned tariffs on Chinese goods.
- These exemptions offer temporary relief but tariffs will return soon.
China's Export Surge
- China's exports surged in March, exceeding forecasts, despite looming tariffs.
- This suggests companies front-loaded orders to avoid future tariffs, with exports to the US and Southeast Asia rising.
Treasury Price Low
- Bob Michael suggests that treasuries may have reached their price low.
- Robust foreign demand and expected Fed support contribute to this potential shift.