Bloomberg Surveillance Bloomberg Surveillance TV: April 3, 2025
Apr 3, 2025
Howard Lutnick, the US Commerce Secretary, dives into the impacts of President Trump's tariff announcements on American trade dynamics. Jim Zelter, president of Apollo Global Management, analyzes market reactions and the looming challenges for global trade, particularly with China and Europe. They discuss the urgency of reevaluating trade policies and the potential for boosting domestic manufacturing. The conversation also touches on how these changes could alleviate macroeconomic concerns and reshape investment strategies in an evolving economic landscape.
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Reshoring American Manufacturing
- The focus is on encouraging American companies to build factories in the US.
- Tariffs aim to incentivize domestic production.
Non-Tariff Trade Barriers
- Non-tariff trade barriers, like VAT taxes and subsidies, are a significant impediment to American businesses.
- These barriers need to be addressed for fair trade.
Methodology for Tariff Calculations
- The US government has extensively analyzed trade barriers using data from the Council of Economic Advisers and the United States Trade Representative.
- Other countries often block American agricultural products due to protectionist policies.