Bloomberg Talks

Senator Bill Hagerty is a Republican from Tennessee with deep insights into trade and finance. He discusses the Trump Administration's tariffs aimed at combatting drug trafficking and the nuanced responses from Canada and Mexico. Hagerty dives into U.S. trade policies, advocating for transparency in foreign aid. He also touches on the bipartisan efforts surrounding the Stablecoin Bill, emphasizing the need for the U.S. to lead in cryptocurrency regulation. Most intriguingly, he examines the potential impact of Elon Musk's role as a government advisor on future financial reforms.

Faryar Shirzad, the Chief Policy Officer at Coinbase, dives into the complex world of crypto regulation. He discusses Coinbase's push for clearer guidelines to ease banking barriers for crypto services. The conversation touches on the significant role of political lobbying and the crucial need for collaboration between crypto businesses and banks. Shirzad also highlights the appointment of David Sachs as the crypto and AI czar and underscores the importance of mental well-being in navigating regulatory challenges. The future of crypto regulation is both exciting and challenging!

Mark Bristow, the CEO of Barrick Gold, dives into the complexities of the company's dealings with Mali's military regime, sharing insights on making gradual progress in negotiations. He discusses the effects of geopolitical factors on gold prices and expresses optimism for future increases. Bristow highlights the pressing need for consolidation in the gold mining industry, while outlining Barrick's strategic plans for growth in Africa, focusing on major projects in Zambia, Pakistan, and their crucial operations in Mali.

Anthony Gardner, former US ambassador to the EU, shares his insights on the potential impact of US tariffs on European trade. He discusses historical trade dynamics and the strategic responses from both sides. Gardner emphasizes the need for trade liberalization while acknowledging the barriers each party imposes. He also explores how post-Brexit trade challenges may affect the UK and the crucial need for skilled diplomats in shaping international relations. His expertise shines light on the intricate web of US-EU trade negotiations.

Seth Carpenter, Chief Global Economist at Morgan Stanley, dives deep into the long-term effects of tariffs initiated by the Trump Administration on Canada and Mexico. He discusses the economic uncertainty faced by businesses and consumers. Carpenter highlights the impact of these tariffs on employment and consumer spending, emphasizing risks in manufacturing. Furthermore, he analyzes how tariffs affect global trade, particularly in agriculture and apparel, and the potential recession risks for Mexico amid fluctuating currency and inflation.

Anthony Crescenzi, Executive Vice President at PIMCO, shares his expertise on the bond market and its recent signals following the Fed meeting. He discusses the current landscape, emphasizing attractive investment opportunities in high-quality securities. Crescenzi highlights the role of bonds as a defensive strategy amidst stock market volatility and navigates the challenges and intricacies faced over the past decade. The insights illustrate the importance of long-term strategies, especially in agency mortgage-backed securities.

Douglas Irwin, a Dartmouth economics professor and author of "Against the Tide," dives into the complexities of U.S. trade policy. He argues for Congress to reclaim its trade powers from the executive, warning of potential drawbacks. Irwin critiques tariffs established during the Trump era, debunking myths about economic growth and discussing their inflationary effects. He also highlights the nuanced trade relationships with Canada and Mexico, emphasizing the need for strategic adjustments in light of rising tariffs on China and shifting political landscapes.

Former St. Louis Fed President Jim Bullard dives into the complexities of tariffs and their far-reaching economic impacts. He reflects on historical data from 2017-2018, discussing the effects on GDP and inflation. The conversation also shifts to the post-pandemic landscape, where consumer behavior and pricing strategies become crucial. Bullard highlights how current trade policies could shape the economy, leading to potential price hikes across various goods.

Jason Furman delves into the economic impacts of Trump's proposed tariffs on Canada and Mexico, evaluating Wall Street's views on economic resilience. He connects USMCA negotiations to national security, especially regarding fentanyl trafficking. The conversation highlights challenges in reviving American manufacturing while addressing globalization misconceptions. Additionally, Furman examines how tariffs influence pricing and inflation, tackling the intricate effects of currency fluctuations and cost distribution among economic players.

Tensions rise as President Trump threatens tariffs on imports from Mexico, Canada, and China, sending shockwaves through stock markets. Discussions with Canadian and Mexican leaders center around potential job losses and rising prices. The automotive industry faces significant challenges, with speculations about price hikes and international countermeasures. Insights on the geopolitical ramifications highlight a potential trade war brewing on the horizon.