Bloomberg Daybreak: US Edition US-China Possible Trade Talks; Apple & Amazon Disappoint
May 2, 2025
China is reconsidering trade talks with the US, signaling a potential thaw in relations after recent tariff hikes. Apple’s quarterly earnings disappointed investors, as concerns over tariff costs and a slow Chinese market loom large. Meanwhile, President Trump is pushing for a record $1.01 trillion in national security spending, raising eyebrows about budget allocations. The podcast also touches on the effects of tariffs on major corporations, underscoring the uncertainty they create in the market.
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China Eyes Trade Talks With U.S.
- China is cautiously considering trade talks with the U.S. after recent tariff hikes.
- This signals a possible thaw amid economic contractions in both countries.
Record U.S. National Security Budget
- The White House proposes a historic $1.01 trillion national security budget.
- This budget cuts non-defense spending, prioritizing military and security projects.
Tariffs Pressure Apple and Amazon
- Apple and Amazon are facing increasing challenges from tariffs and economic uncertainty.
- These pressures highlight the broader impact of trade tensions on major U.S. companies.