Surveillance: Tariffs Are Attacks On Importers, Roach Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 13 May 2019
⏱️ 29 minutes
🧾️ Download transcript
Summary
Michael Purves, Weeden Chief Global Strategist, says credit spreads have yet to back up. Stephen Roach, Yale Professor, Former Morgan Stanley Asia Chairman and Author of "Unbalanced: The Codependency of America and China", says tariffs are attacks on importers and the U.S. is the importer. Keyu Jin, London School of Economics & Political Science Professor, thinks U.S. tariffs have caused a surge of nationalism in China. Ted Alden, CFR Senior Fellow, Author of "Failure to Adjust: How Americans Got Left Behind in the Global Economy", says Trump's complaints about China are legitimate but his tactics aren't.
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.6 | Daily, we bring you insight from the best in economics, finance, investment, and international |
| 0:48.9 | relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 1:00.8 | Let's bring in Michael Purvis, shall we? |
| 1:02.1 | Weden Chief Global Strategist, he joins us on the phone. |
| 1:04.6 | Good morning to you, Mr Purvis. Mike, what are your talent clients this week? |
| 1:08.2 | Well, I think you have to stand back for a second and take stock of the fact that Trump has never had a stronger hand |
| 1:14.6 | in which to go at China with, right? He's got very stable approval ratings. He's got a market |
| 1:20.5 | that just a week and a half ago was at fresh highs. |
| 1:24.8 | He has also very importantly, you know, six months ago, |
| 1:28.0 | he didn't have the Powell put, and now he does, |
| 1:30.8 | and he can leverage that, right? |
| 1:32.3 | So it's an asset that he that that |
... |
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