Bloomberg Daybreak: US Edition President Trump's Tariff Pivot; Global Markets React
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Apr 10, 2025 Brendan Murray, a Bloomberg News trade reporter, and Dan Morris, Chief Market Strategist at BNP Paribas Asset Management, dive into President Trump's surprising tariff policy reversal. They discuss how this move isolates China and affects global trade dynamics. The market's wild reactions are explored, from the initial stock rallies to the subsequent volatility, showcasing shifting investor sentiments. The conversation also highlights the broader implications for U.S. economic growth and how traders are bracing for what comes next.
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European Stocks Surge
- European stocks surged after Trump's tariff rollback, marking the biggest jump since the pandemic began.
- Banks and technology stocks led the gains.
Trump's Tariff Reversal
- The wild market swings forced Trump's tariff reversal.
- This economic policy shift is one of the biggest in modern presidential history.
Goldman Sachs Recinds Recession Forecast
- Goldman Sachs economists rescinded their U.S. recession forecast.
- This change followed President Trump's 90-day tariff pause.