Bloomberg News Now May 7, 2025: Trump Teases Trade Deal, Plans to Rescind Chip Curbs, More
May 8, 2025
The discussion dives into Trump's potential trade deal with the UK and plans to lift chip restrictions, highlighting the complexity of U.S.-China trade relations. Protests at Columbia University and rising tensions between India and Pakistan add layers to the narrative. Meanwhile, the rising jobless claims, influenced by federal job cuts and school furloughs, contrast with gains in major stock indices. Insights into the Federal Reserve's role in this turbulent economic landscape offer a comprehensive look at current events.
AI Snips
Chapters
Transcript
Episode notes
Trump's Trade Deal and Chip Policy
- President Trump is expected to announce a major trade agreement with the United Kingdom soon.
- The administration also plans to rescind Biden-era AI chip restrictions to revise semiconductor trade policies.
Shift in Semiconductor Trade Restrictions
- The US may relax semiconductor export controls for allies including Middle Eastern countries.
- Meanwhile, restrictions could tighten specifically for China ahead of trade talks this weekend.
Columbia University Library Protest
- Over 70 people protested at Columbia University's library, displaying Palestinian flags.
- This incident increased tensions with the Trump administration, which cut funding to the school over concerns about protecting Jewish students.