Bloomberg Businessweek US, Chinese Teams to Meet in London, Abrego Garcia Charged
Jun 7, 2025
Joe Mathieu, co-host of Bloomberg Balance of Power, shares insights on the upcoming U.S.-China trade talks and the complexities of international negotiations. Phil Gramm, a seasoned economist and former senator, discusses the intricate balance of power in U.S. governance and critiques current trade policies. NHL Commissioner Gary Bettman reflects on how political tensions influence hockey and the excitement surrounding the Stanley Cup. Together, they explore the intersections of economics, governance, and sports amid a shifting geopolitical landscape.
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Abrego Garcia's Complex Case
- Kilmar Abrego Garcia was wrongly deported to El Salvador but is now returning to face charges for migrant transport conspiracy.
- His case highlights tensions in immigration policy and due process challenges under the Trump administration.
US-China Trade Talks Begin
- The US-China trade talks signal a cautious thaw amid tariff disputes and technology tensions.
- A large comprehensive trade deal will likely take years to achieve despite recent positive diplomatic moves.
Tariffs Hurt Americans More
- Protectionism and tariffs harm the imposing country more than the target.
- Tariffs on allies in Europe, Canada, Mexico reduce US leverage and raise consumer and defense costs.
