Market Fears Grow after President Trump's Auto Tariffs
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 27 March 2025
⏱️ 38 minutes
🧾️ Download transcript
Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney March 27th, 2025
Featuring:
1) Julia Pollak, Chief Economist at ZipRecruiter, reacts to US jobless claims and President Trump's 25% auto tariffs announcement and looks ahead to PCE. The 25% auto tariffs will come into effect on April 3, initially targeting fully assembled vehicles, and will expand to include major automobile parts by May 3. Meanwhile, traders await February PCE data, with Bloomberg Economics writing that Core PCE is expected to show accelerated inflation.
2) Wendy Schiller, professor at Brown University, reacts to President Trump's auto tariffs announcement and how Washington will or will not push back, as well as the Signal text controversy. The EU, Canada, and other countries have criticized the 25% auto tariff implementation, coming April 3. President Trump and top allies are struggling to defend against criticism over the inclusion of a journalist in a Signal chat discussing military attacks in Yemen, after texts showed Defense Secretary Pete Hegseth revealing specific operational details.
3) Melissa Otto, Head of TMT Research at Visible Alpha, on recent Mag 7 slides and yesterday's NASDAQ drop, and discusses whether big tech is actually "tariff-proof" or if they'll feel their effects. Tesla inched higher on the news as the Elon Musk-led electric vehicle company could avoid some of the tariff costs due to its US production.
4) Leslie Palti-Guzman, senior non-resident fellow at CSIS and NY University SPS Center for global affairs, joins for a discussion on energy and Russian gas flows as the Trump administration negotiates an end to the war in Ukraine, as well as how Houthi shipping disruptions could change after the Signal text controversy.
5) Ben McMillan, CIO at IDX Advisors, on how equities are reacting this morning to yesterday's tariff announcement and "uncertainty paralysis" in markets. The S&P 500 and other major stock benchmarks fell yesterday as concerns about the impact of a trade war on the economy and inflation resurfaced, driven in part by President Trump's 25% tariff announcement on auto imports.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | All right, if you're serious about investing, you need to know about public.com. |
| 0:04.7 | That's where you can invest in everything. |
| 0:06.5 | Stocks, options, bonds, crypto, you can even earn some of the highest yields in the industry. |
| 0:11.4 | Like the 6% or higher yield, you can lock in with a bond account. |
| 0:14.9 | Public is a FINRA registered SIPC insured platform that takes your investments as seriously as you do. |
| 0:20.7 | Fund your account in five minutes or less at public.com slash podcast. And get up to $10,000 when you transfer your old portfolio. That's public.com slash podcast. paid for it by public investing. All investing involves the risk of loss, including loss of principal. Brokridge services for U.S. listed registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc. Member Finra and SIPC. Cryptocurrency |
| 0:41.0 | trading services are offered by backed crypto solutions LLC. Complete disclosures available at public.com |
| 0:45.5 | slash disclosures. I'm Carolyn Beeler. And I'm Marco Werman. We're with the world, Public Radio's |
| 0:51.6 | leading global news program. We cover the biggest news events developing every day and give you the context you need to make sense of them. |
| 0:59.8 | And Carolyn, I also like our smaller stories, tales of discovery and human kindness, things that make us laugh. |
| 1:05.4 | Stories that kind of shrink our world and make us feel more connected. |
| 1:09.6 | Subscribe and listen every weekday to the world. |
| 1:17.7 | Bloomberg Audio Studios. |
| 1:20.3 | Podcasts Radio News. |
| 1:30.2 | This is the Bloomberg Surveillance Podcast. Catch us live weekdays at 7 a.m. Eastern on Apple, CarPlay or Android Auto with the Bloomberg business app. |
| 1:37.8 | Listen on demand wherever you get your podcasts or watch us live on YouTube. |
| 1:42.5 | Julia Pollack, Chief Economist at ZipRecruiter, joins us. |
| 1:46.1 | Julia, talk to us about how you're looking at the labor market here in the U.S. |
| 1:51.2 | Has it changed over the last several months? |
| 1:54.8 | Yes, but it hasn't changed along the margin that people were most worried about. |
| 1:58.2 | So we haven't really seen layoffs tick up. |
| 2:00.9 | Initial claims have been remarkably stable, even in Washington, D.C., Virginia, and Maryland, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.