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Bloomberg Intelligence
Trump Tariffs Spark Retaliation, Ukraine Talks
Mar 12, 2025
Nathan Dean, a Senior Policy Analyst at Bloomberg Intelligence, discusses the implications of President Trump's tariffs, which have drawn swift retaliatory actions from the EU and Canada. Oliver Crook, a Bloomberg Europe Correspondent, provides insights into the complex US-Ukraine ceasefire negotiations with Russia, revealing the precarious stance of Ukraine amid shifting military support. Scott Strazik, CEO of GE Vernova, emphasizes the intersection of tariffs and the burgeoning demand for AI in energy sectors, highlighting future trends in infrastructure and investment.
39:06
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Quick takeaways
- The implementation of Trump's tariffs on steel and aluminum has triggered immediate retaliatory responses from Canada and the EU, escalating trade tensions.
- US-Ukraine negotiations have reached a critical point, with a proposed ceasefire agreement heavily dependent on Russia's compliance and willingness to engage.
Deep dives
Tariffs and Market Reactions
Recent discussions highlight the impact of tariffs imposed by Canada on U.S. steel and aluminum, prompting a strong response from President Trump. This reflects the ongoing tension as Democrats struggle to unify their response, which could lead to a potential government shutdown. While the immediate market impact of shutdowns has been historically limited, the progression of these tariffs is causing growing concern among investors regarding supply chain disruptions. Negotiations are anticipated to shift as key players in Congress weigh the risks of opposing Trump’s agenda against the potential fallout of a government shutdown.
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