Bloomberg Daybreak: US Edition Daybreak Weekend: Trump Inauguration, Davos preview, Tariff Threat
Jan 18, 2025
Joe Mathieu, co-host of Bloomberg Balance of Power, and John Liu, Bloomberg Executive Editor for Greater China, dive into the future of U.S.-China relations under a possible second Trump administration. They explore Trump's economic strategies, especially tariff threats that could reshape international trade dynamics. The conversation also highlights Netflix's shift towards revenue growth and previews the significant discussions set for the World Economic Forum in Davos, centered on global challenges and the need for international cooperation.
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Trump's Day One Agenda
- Expect a series of executive orders from Donald Trump on day one, potentially exceeding 100.
- These orders will likely target border control, mass deportation, and reversals of Biden-era policies.
The Economic Landscape
- Trump inherits a mixed economy with strengths like resilient spending and a solid job market.
- However, high inflation and a troubled housing market pose challenges.
Trump's Inflation Plan
- Trump's inflation plan centers on increasing crude oil supply to lower energy costs.
- Economists are skeptical, citing potential inflationary effects of tax cuts and tariffs.