Bloomberg Daybreak: US Edition

US Eyes China Tariff Cut; Trump's Plan to Tax Millionaires

15 snips
May 9, 2025
Bill Ferries, a senior editor at Bloomberg News, discusses critical U.S.-China trade negotiations aimed at easing economic tensions. He reveals how the Trump administration is considering significant tariff cuts to alleviate growing pain for both nations. Additionally, Ferries provides insights into President Trump's proposal to raise taxes on millionaires to fund his economic agenda. The conversation explores the intricate relationship between trade policies and global dynamics, including implications for businesses and international relations.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

U.S.-China Talks Target De-escalation

  • The upcoming U.S.-China talks aim for de-escalation amid rising trade tensions and economic pain.
  • A possible tariff reduction below 60% is being considered as a first step to ease tensions.
INSIGHT

U.S.-U.K. Trade Deal is Limited

  • The U.S.-U.K. trade framework provides market access but is not a full trade deal.
  • Tough issues like digital taxes and food regulations remain unresolved and will take much longer to negotiate.
ANECDOTE

Boeing Wins Big UK Order

  • Boeing received an order from IAG for 32 aircraft with options for 10 more.
  • This order boosts Boeing's confidence amid global tariff challenges.
Get the Snipd Podcast app to discover more snips from this episode
Get the app