The US Places Tariffs on China, Mexico, and Canada to Open Trade War
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 4 March 2025
⏱️ 47 minutes
🧾️ Download transcript
Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 4th, 2025
Featuring:
1) Brendan Murray, Bloomberg News Trade Tsar, joins to discuss the economic fallout of the US-led trade war. President Donald Trump imposed 25% tariffs on most Canadian and Mexican imports and raised the charge on China to 20%, affecting roughly $1.5 trillion in annual imports. Canada and China have retaliated with their own tariffs as Mexico weighs what it's next move will be.
2) Barbara Reinhard, CIO: Multi Asset Strategies & Solutions at Voya Investment Management, discusses why she believes it's time to buy equities and why European fundamentals look positive. Stocks in Europe retreated due to concerns over potential US tariffs, with investors watching for hints on future trade steps in President Trump's address to Congress today, as well as China's response to US tariffs.
3) Abby Joseph Cohen, professor at Columbia Business School, joins for an extended discussion on the economic policies of a second Trump administration and the risks of cutting government research funding. New levies mark President Trump’s biggest push to remake global trade, and the Department of Government Efficiency (DOGE) is reshaping government spending with unclear economic consequences.
4) Jean Boivin, Head of the BlackRock Investment Institute, talks about how his group is navigating market and geopolitical uncertainties amid a market selloff. It comes with the US yield curve steepening as President Trump's tariff threats came to fruition.
5) Lisa Mateo breaks down the latest headlines in newspapers across the US, including what could get more expensive under Trump tariffs, vendors advertising tariff-free products, and Chipotle announcing it'll foot the bill on tariff hikes.
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Transcript
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| 1:05.6 | 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. Listen on demand wherever you get your podcasts or watch us live on YouTube. |
| 1:13.4 | We are advantaged at Bloomberg with a gentleman who's done a tour of duty in government |
| 1:19.3 | at the White House, directly at the White House, in Bloomberg economics. |
| 1:25.5 | And then umpteen years ago, somebody said, let's put Brendan Murray in charge of trade. |
| 1:30.3 | And he has begun absolutely definitive for not only the usual show up and throw up verbiage on trade, |
| 1:38.3 | but anecdote, an actual what's going on on the ground. |
| 1:43.3 | Brendan Murray from a cornfield in Iowa. |
| 1:46.0 | No, I'm kidding. |
| 1:47.0 | He's a Queen Victoria Street in London and joins us this morning. |
| 1:51.0 | Brendan, you got a great article about Republican farmers in Iowa going, |
... |
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