The US Trade War
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 3 February 2025
⏱️ 33 minutes
🧾️ Download transcript
Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyFebruary 3rd, 2025
Featuring:
- Doug Irwin, Dartmouth Professor of Economics and global trade expert, on the US trade war
- Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, talks about the early reaction from investors on the trade war
- Gautam Mukunda, professor at Yale School of Management, discusses the political impact of the trade war and if there's any political will to stop it from either party, as well as other political headlines
- Lisa Mateo on newspapers
See omnystudio.com/listener for privacy information.
Transcript
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| 0:24.0 | This is the Bloomberg Surveillance Podcasts |
| 0:30.6 | Podcasts. |
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| 0:34.6 | on Apple CarPlay or Android Auto with the Bloomberg business app. Listen on |
| 0:39.6 | demand wherever you get your podcasts or watch us live on YouTube. This conversation is for every |
| 0:45.7 | elected politician in Washington as they listen on 991 FM this morning. Douglas Irwin is an institution. |
| 0:53.7 | Blanche Flower is not an institution. He's just a |
| 0:56.5 | macroeconomist. Doug Erwin is an institution at Dartmouth College in his youth. The definitive book |
| 1:03.6 | and still fresh, fresh, fresh, is against the tide. It was definitive at the time. More recently |
| 1:10.1 | is clashing over commerce. For those of you on |
| 1:13.7 | YouTube, it's over his right shoulder at right now in his book lined office. Professor Irwin, |
| 1:19.0 | we are honored that you would attend today. If you were to meet with a congressional leadership |
| 1:24.2 | today, how should they respond to what the executive branch has wrought? |
| 1:30.3 | I would say that under the U.S. Constitution, Article 1, Section 8, you have power over tariffs. |
| 1:36.3 | And the problem has been is successive Congresses have delegated so many powers over tariff setting to the President. |
| 1:42.3 | On the assumption that the president will basically act in the |
| 1:45.8 | national interest and tend to lower tariffs and reach trade agreements that Congress has given up its |
... |
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