Bloomberg Surveillance Trump Trade Deals and Market Reaction
6 snips
Jul 28, 2025 
Curtis Sliwa, founder of the Guardian Angels and NYC mayoral candidate, shares insights on the political dynamics shaping trade negotiations with a focus on Trump’s impact. Elizabeth Economy, a Stanford expert on US-China relations, discusses the latest tariff detente between the U.S. and China, highlighting ongoing tensions and future prospects. They delve into the complexities of global trade, the psychological effects of tariffs on investors, and the broader implications for American consumers. Sliwa also touches on how trade policies influence local business growth and community stability.
AI Snips
Chapters
Books
Transcript
Episode notes
EU's 15% Tariff Concession
- The EU conceded to a 15% tariff on most exports to the US, seen as a geopolitical cave from European capitals.
- Germany feels significant impact in the automotive sector due to tariffs and overcapacity concerns, especially from China.
China's Strong Trade Position
- China holds a strong position under President Xi amid trade talks and economic challenges.
- Current US-China talks likely result in only postponements until possibly a summit in November, not a full trade deal.
Chinese Consumer Spending Weak
- Chinese consumer spending remains weak despite government stimulus programs.
- Lack of trust in China's economy has led to declining consumption since 2015, impacting US exports.
