Bloomberg Intelligence Trump Says 80% China Tariff ‘Seems Right,’ Ahead of Talks
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May 9, 2025 Discussions center around President Trump's bold proposal of an 80% tariff on China ahead of critical negotiations. Insights reveal the potential impact on U.S.-China trade relations and job markets. The conversation shifts to the booming AI sector, with experts weighing in on its influence on investment management and operational efficiency. There's also a look at CrowdStrike's legal challenges and Lyft's strategic positioning in the competitive ride-hailing landscape. Overall, it's a lively exploration of current economic and tech trends shaking up the market.
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High Tariffs Still Hurt Trade
- Even after reducing some tariffs from 145% to around 80%, the tariff rates remain prohibitively high.
- High tariffs continue to damage the U.S. and Chinese economies as well as trade levels significantly.
Trade Impact Reaches Consumers
- Lower shipping volumes from China will soon impact consumer product availability in the U.S.
- Inventories built by companies may delay empty shelves but shortages are expected this summer.
Hiring Slowdown Is Economically Toxic
- Uncertainty from tariffs causes companies to slow hiring and avoid expanding factories.
- This stagnation hurts the economy more than immediate job cuts.