Wake Up To Money
Manufacturing moves
Apr 4, 2025
Graham MacDonald, Chief Executive of JCB, reveals exciting plans for increased investment in the U.S., navigating the impact of new tariffs. Tara Alice from McKinsey dives into the economic implications of these tariffs, discussing how companies like Nike and Apple are affected. Randeep Samel, Fund Manager at M&G, shares insights on market reactions amidst skyrocketing trade tensions. The conversation highlights the complexities facing UK businesses and the evolving global trade dynamics, all while keeping a playful nod to the trendy rise of bottomless brunches.
52:29
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Quick takeaways
- Trump's tariffs have triggered a significant decline in US stocks, especially impacting tech and retail companies reliant on imports.
- JCB's CEO advocates for negotiation to avoid damaging trade wars, highlighting the interplay of economic policy and international relations.
Deep dives
Impact of Trump's Tariffs on Global Markets
The recently announced tariffs by Donald Trump have led to a significant decline in US stocks, marking the steepest drop since 2020. Many companies, particularly in the tech and retail sectors such as Nike and Apple, have experienced substantial losses due to their reliance on importing products from countries affected by high tariffs. Asian markets were the first to react negatively, showing sharp declines following the announcement. This serves as a stark reminder of how trade policies can create immediate ripple effects across global financial markets.
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