Bloomberg News Now April 17, 2025: US Moves to Levy Chinese Vessels, Trump Comments on Powell, More
Apr 18, 2025
The discussion highlights the Trump administration's proposed fees on Chinese vessels at U.S. ports, aimed at bolstering American shipbuilding. There's also excitement over Netflix's robust earnings report, showcasing the entertainment giant's resilience. Additionally, the conversation touches on significant news events, including a university shooting and a high-profile murder indictment, providing a glimpse into the current state of both business and breaking news.
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US Shipping Fee Plan
- The US plans to impose fees on Chinese-built and owned ships at ports to revitalize its shipbuilding industry.
- Fees will start in six months based on goods volume carried and expand to LNG vessels in three years.
Trump Targets Fed Chair Powell
- President Trump criticized Fed Chair Jay Powell as "too late" and "a little slow."
- He stated he could remove Powell quickly if he wanted and expressed impatience with the Fed's independence.
Netflix's Revenue Potential
- Netflix's Q1 profit rose 25% with sales growth of 13%, fueled by ad-supported subscriptions.
- Monetizing this tier fully could potentially double revenue per customer in the future.