Trade Talks: A Deal in the EU, Talks with China in Stockholm 7/28/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 28 July 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Now that President Trump has struck a trade deal with the EU, attention shifts to Stockholm, where U.S. Trade Representative Jamieson Greer is participating in trade negotiations with China. He explains the White House’s strategy in those meetings and after them, while CNBC’s Eamon Javers, also in Sweden, covers the talks from outside the room. Amid mounting pressure on the Federal Reserve, former Vice Chair of the Federal Reserve Roger Ferguson discusses the upcoming FOMC meeting, including his expected timing for the next rate cut. Plus, Tesla has signed a $16.5B chip deal with Samsung, DOGE has reportedly employed an AI tool to cut federal workers, and AI company Astronomer released a post-Coldplay kiss cam scandal advertisement with Gwyneth Paltrow. Eamon Javers - 05:11 Jamieson Greer - 18:05 Roger Ferguson - 32:29 In this episode: Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod, a fresh trade deal reached, a U.S. and EU agreement that imposes a 15% tariff on European goods.
0:17.0	The big question, of course, is now what comes next?
0:20.0	We head to Stockholm, with Amon Javers on the ground for the U.S.-China negotiations.
0:24.6	The scale of the U.S.-China relationship and its impact for the global economy is such a different order of magnitude.
0:30.6	And U.S. Trade Representative Jameson Greer joins us on this new Transatlantic Framework.
0:36.6	This is how you get rid of trade deficits.
0:38.8	It's how you create a manufacturing boom.
0:41.6	The Federal Reserve meets this week amid rising pressure from many parts of the Trump
0:45.9	administration to lower interest rates.
0:47.8	Former Fed Vice Chair Roger Ferguson says when it comes to inflation, a key part of the
0:53.1	Fed's job, the voting committee has a tricky decision ahead.
0:56.0	We have to be very careful because the possibility of a bad cycle, I think, is maybe a little more present than the Secretary of the Treasury would like to admit.
1:06.0	Plus the rest of today's news that got us squawking, like Tesla's new deal on chips,
1:11.4	the kiss cam moment that led to a viral ad,
1:14.1	and the Department of Government Efficiency
1:16.0	still shaking things up thanks to AI.
1:18.4	I've been using AI like crazy recently.
1:20.2	I get impressed and then I get unimpressed.
1:23.1	It's Monday, July 28th, Squawk Pod begins right now.
1:30.6	Stand Becky by in three, two, one.
	...

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