Bloomberg Daybreak: Europe Edition cover image

Bloomberg Daybreak: Europe Edition

China Tariff Walk Back, Trump Pressures Fed & BOJ Hikes Rates

Jan 24, 2025
Jenny Marsh, Bloomberg's correspondent with a focus on China's economy, shares her insights on US-China trade relations and recent developments. Trump’s evolving stance on tariffs reveals a preference for avoiding conflict with China while still applying pressure on the Fed. The Bank of Japan's recent rate hike reflects growing confidence in inflation, influencing global economic dynamics. Marsh also discusses the implications of rising oil prices amid ongoing geopolitical tensions and a tumultuous UK economic landscape.
21:12

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Trump's recent comments indicate a shift towards negotiation regarding China tariffs, suggesting a potential focus on economic partnership rather than punitive actions.
  • The significant drop in UK household confidence highlights concerns about economic stability, prompting government discussions on recovery strategies and consumer sentiment.

Deep dives

Trump's Stance on China Tariffs

Donald Trump indicates a softening position regarding the imposition of tariffs on China, favoring negotiation over aggressive actions. He expressed a preference not to impose tariffs while highlighting their strategic importance as leverage in trade discussions. Previously, he had threatened significantly higher tariffs, but his current approach suggests a desire to build a more amicable relationship and focus on domestic manufacturing incentives. This pivot may facilitate a different type of trade deal, emphasizing joint economic growth rather than punitive measures.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode