Bloomberg Daybreak: US Edition China Says U.S. Should Revoke Tariffs; Trump Approval Rating Drops
Apr 24, 2025
Tensions flare as China demands the U.S. revoke unilateral tariffs, showcasing a firm stance amid stalled trade talks. Meanwhile, the Trump administration considers tariff reductions that could impact the auto industry. Adding to the complexity, Trump’s approval rating plummets, reflecting political challenges and public discontent. Meanwhile, the podcast also touches on global events, airline excellence, and thrilling sports updates, providing a multifaceted view of the current landscape.
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Potential Auto Tariff Reductions
- The US is considering reducing some auto tariffs after warnings from carmakers of job and profit losses.
- Exemptions could include auto parts compliant with the US-Mexico trade pact to ease impact.
Whirlpool Views Tariffs as Net Positive
- Whirlpool sees tariffs benefiting its US appliance market position long-term despite short-term cost headwinds.
- Competitors' inventory loading causes temporary disturbances while tariffs fully take effect.
Trump Approval Rating Declines
- President Trump's approval rating dropped from 52% to about 45% within one week in office.
- Tariff controversies may be contributing to this decline in public support.