Surveillance: Tariff Impact Very Small, NEC's Kudlow Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 2 August 2019
⏱️ 45 minutes
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Summary
Michelle Meyer, Bank of America Merrill Lynch Head of U.S. Economics, says markets are encouraged by the dovish central bank pivot. Henrietta Treyz, Veda Partners Director of Economic Policy, does not expect President Trump's tariff threat to make China purchase more U.S. agricultural products. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says the Fed failed to be aggressive enough. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, explains why average wage growth is being held down. Larry Kudlow, National Economic Council Director, says the consumer impact from China tariffs is very small.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
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| 0:43.5 | Daily, we bring you insight from the best |
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| 0:49.9 | Find Bloomberg Surveillance on Apple Podcast, SoundCloud, Bloomberg. |
| 0:54.3 | And of course, on the Bloomberg. |
| 0:59.2 | Donald Trump was in Ohio. |
| 1:00.4 | He said, let it go, let it go. |
| 1:01.8 | And he came right out we played the video a lot he says |
| 1:06.0 | this is a tax on China is it though no economist I know agrees with that statement. |
| 1:13.0 | That's what's so interesting about this round of tariffs if, and I say if it is |
| 1:17.1 | implemented on September 1st, these are the consumer items that were spared from the first |
| 1:22.0 | few rounds of tariffs. |
| 1:23.2 | It could be an incremental hit to growth if it's implemented, |
| 1:25.6 | but this could be the thing that consumers feel |
| 1:27.8 | if the pricey Vist smartphone starts to go a little bit higher. |
| 1:31.3 | Weing in on all of this, I'm pleased to say that dropping by the |
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