Trade is About Win-Win, Sachs Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 19 May 2018
⏱️ 30 minutes
🧾️ Download transcript
Summary
Chad Bown, Peterson Institute for International Economics Senior Fellow, & Enda Curran, Bloomberg's Chief Asia Economics Correspondent, discuss the impact of President Trump's steel and aluminum tariffs. Marc Chandler, Brown Brothers Harriman Senior Vice President of New York & Head of Currency, says a trade war is not easy to win and it is not desirable. Francine Lacqua, Bloomberg Surveillance TV Anchor & Editor at Large, joins us from Rome to report on the general elections this coming Sunday. Jeffrey Sachs, Columbia University Professor & Nobel Laureate, says the new tariffs are one of the most reckless policies that one can imagine.
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| 0:00.0 | To me, context is about pattern recognition. |
| 0:02.8 | It's connecting the dots. |
| 0:04.4 | It's giving readers an ability to synthesize |
| 0:07.6 | a number of different perspectives |
| 0:09.2 | so they can understand how the greater whole works, |
| 0:12.0 | because nothing really occurs in isolation anymore. |
| 0:14.4 | I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion. |
| 0:18.0 | On our platform, we ask tough questions and solve complex problems with the facts in mind. |
| 0:23.0 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. |
| 0:57.0 | Front and center though are those tariffs that are said to come from the |
| 1:07.0 | United States of America. President Trump deciding to impose new tariffs of 25% on imports of steel. Elsewhere you may see 10% on imports of |
| 1:17.4 | aluminum. The President out this morning swinging when a country is losing many billions of dollars on trade with virtually |
| 1:24.3 | every country it does business with trade wars are good and easy to win. |
| 1:29.2 | That's the message coming from the President of the United States over Twitter this morning. |
| 1:33.6 | To discuss Chad Bound, Peterson Institute for International Economics, a senior fellow there, |
| 1:38.8 | and end the current I'm pleased to say staying up late in Asia for us, our Bloomberg chief Asia economics correspondent. |
| 1:45.2 | Chad, let's just begin with this and begin with a story that you've written on the Washington |
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