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Bloomberg Talks

Ray McGuire & Robert Rubin Talks Trump and Tariffs

Mar 4, 2025
Ray McGuire, President of Lazard, and Robert Rubin, former U.S. Treasury Secretary, dive into the complexities of tariffs and their economic ramifications. They discuss how recent tariffs are reshaping international trade and influencing corporate strategies. McGuire and Rubin emphasize the importance of the rule of law for economic stability and explore the ‘new normal’ in navigating economic uncertainty. Despite short-term challenges, they maintain an optimistic view on the U.S. as a premier investment destination in a rapidly changing global landscape.
22:57

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Quick takeaways

  • Tariffs implemented on Mexico, Canada, and China are forcing companies to reassess their supply chains and operational strategies due to increased costs.
  • Despite current economic uncertainties, leaders maintain cautious optimism about the U.S. as an investment destination due to its technological strengths and economic foundations.

Deep dives

Impact of Tariffs on Business Confidence

The recent implementation of tariffs on Mexico, Canada, and China is causing companies to reassess their operational strategies and supply chains. Businesses are grappling with the implications of increased costs and potential price hikes for consumers, which could lead to inflation and decreased productivity. The long-term effects remain uncertain, with companies needing to adapt to a new landscape of tariff diplomacy that could undermine historical treaties and alliances. Industry leaders emphasize the risk of damaging the United States' credibility and long-standing economic relationships while navigating this shifting climate.

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