Bloomberg News Now May 1, 2025: US-China Possible Trade Talks, Apple-Amazon Earnings, More
May 2, 2025
Delve into the current state of US-China trade relations, highlighting China's willingness to negotiate based on tariff adjustments. Discover the implications of recent disappointing earnings from major tech companies. Also, catch up on political updates, including the noteworthy appointment of a new UN Ambassador by Trump. Stay informed on the intersection of politics and the economy in today’s volatile climate.
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China's Condition for Trade Talks
- China is considering trade talks with the U.S. contingent on the U.S. correcting its practices and removing tariffs.
- This indicates Beijing's willingness to negotiate but with clear preconditions to restart trade relations.
Apple's China Sales Decline
- Apple's sales in China worsened and missed expectations by about half a billion dollars in revenue.
- China remains a key market influencing Apple's stock movement and earnings impact.
Prepare for Tariff-Driven Cost Increases
- Companies should prepare for tariffs to increase costs significantly, as Apple warned of a $900 million impact this quarter.
- Monitor consumer behavior for signs of stocking up or spending pullbacks due to trade uncertainty.