Bloomberg News Now April 16, 2025: Trump on US-Japan Trade Talks, Powell Tariff Remarks, More
Apr 17, 2025
Explore the economic ripple effects of proposed tariffs on California's job market and growth. Discover how legal battles are shaping these discussions amidst U.S.-China trade tensions. Dive into the intricate U.S.-Japan trade negotiations, revealing President Trump's stance on tariffs. Hear Japan's push for reductions and the worries of officials about inflation and unemployment. The conversation also touches on how these trade policies could ripple through economies in other nations like South Korea.
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Tariffs and China Manufacturing Limits
- Many nations trading with the U.S. want reductions or exemptions from Trump's tariffs.
- The U.S. seeks these countries to limit China's manufacturing power in exchange.
Powell on Tariffs and Inflation
- Fed Chair Jay Powell warns tariffs may increase inflation and unemployment.
- Tariffs disrupt goals and could cause slower economic growth and higher prices.
Korean Economy Hit by Tariffs
- The Bank of Korea kept rates steady despite higher consumer inflation.
- Korean won volatility caused by U.S. tariffs complicates investing and reflects economic uncertainty.