Trumponomics Live from NYC: What Is Trumponomics 2.0?
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Feb 7, 2025 In a dynamic live recording, Nancy Cook, Bloomberg's senior national political correspondent, shares insights from her extensive experience covering Trump. Katie Greifeld, a Bloomberg TV host, and Ed Harrison, senior editor at Bloomberg, delve into the chaotic tariff decisions reshaping trade with Canada and Mexico. They highlight the uncertainty surrounding Trump's economic policies and how the 10-year Treasury rate serves as a key indicator for business leaders navigating these turbulent times. A fascinating exploration of politics intertwined with economics!
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Trump's Decision-Making Process
- Trump often makes decisions on the fly, especially regarding tariffs.
- A recent example includes a last-minute decision to impose tariffs on Canada and Mexico.
Tariff Announcement from the Golf Course
- Trump announced tariffs on Columbia while golfing, misspelling the country's name.
- This exemplifies his impulsive decision-making style.
Tariffs as a Political Tool
- Trump uses tariffs as a tool to achieve various goals, not solely for economic purposes.
- This approach creates uncertainty for businesses and investors.