Bloomberg News Now April 20, 2025: China Warns Against US Trade Coercion, Harvard Funding Cuts, More
Apr 21, 2025
China issues strong warnings against U.S. trade coercion, highlighting rising tensions in global trade. The podcast delves into the fallout from funding cuts affecting Harvard University during the Trump administration. Listeners also get insights on U.S. military tactics in Yemen, including leaked plans, and proposed changes to the State Department. Concerns about the Federal Reserve's independence amid ongoing trade discussions with China add to the intrigue.
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China's Firm Trade Retaliation Stance
- China warns it will retaliate against countries undermining its trade interests amid US tariff negotiations.
- It is closely watching trade talks with nations like Japan, signaling a strong stance against US coercion.
US Pressures Allies on China Tariffs
- Many nations seek tariff exemptions from the US while being asked to limit China's manufacturing.
- US aims to ensure China cannot circumvent tariffs, tightening economic pressure on Beijing.
Tougher US Actions Against Harvard
- Trump administration shifts to a harsher stance on Harvard, planning to cut $1 billion in health research funding.
- Harvard publicly disclosed a confidential letter due to its extreme demands.