Bloomberg Daybreak: US Edition US-China Trade Talks; India, Pakistan Trade Military Strikes
8 snips
May 7, 2025 Trade talks between the U.S. and China are heating up as officials prepare to meet in Switzerland, aiming to end a damaging tariff standoff. Meanwhile, tensions escalate in South Asia, with India launching military strikes against Pakistan following a deadly attack. The podcast also features commentary on former President Biden's stance on the U.S. approach to Russia and Ukraine, suggesting that current policies may appease the Kremlin. Expect deep dives into the delicate balance of global diplomacy and the risks of military conflict.
AI Snips
Chapters
Transcript
Episode notes
US-China Trade Talks Begin
- US and China are set to hold first high-level trade talks amid escalating talks and tariffs.
- Treasury Secretary Scott Bessent views current tariffs as unsustainable and akin to a trade embargo.
China's Urgent Economic Measures
- China has cut policy rates and lowered reserve requirements to bolster its economy.
- These moves highlight urgent efforts to counteract effects of the US-China trade war.
Biden Critiques Trump on Ukraine
- Former President Joe Biden calls the Trump administration's pressure on Ukraine to cede territory as modern-day appeasement.
- He doubts that Vladimir Putin will stop his aggression, citing Putin's views on the Soviet Union collapse.