U.S. is Now Openly Protectionist, Alden Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 19 June 2018
⏱️ 32 minutes
🧾️ Download transcript
Summary
Torsten Slok, Deutsche Bank Chief International Economist, asks what the Chinese retaliation may look like against U.S. tariffs. Vince Reinhart, Standish Chief Economist and Investment Strategist, thinks the Fed may have a problem knowing when to stop hiking rates. Edward Alden, Council on Foreign Relations Bernard L. Schwartz Senior Fellow, says the U.S. is on the verge of a trade war with all of its trading partners. And Suzanne Tager, Bain & Company's Retail and Consumer Products Practices Senior Director, says retail stores are not dead but their role has changed.
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| 0:00.0 | Business stories aren't just about business. They're also about policy, politics, finance, and more. |
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| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. 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 |
| 0:56.4 | Bloomberg. So try tensions between the world's two biggest economies intensifying |
| 1:06.8 | with China vowing to retaliate forcefully against President Trump's |
| 1:10.5 | threatened tariffs on another $200 billion in Chinese imports. |
| 1:14.5 | Is it an escalation or is it a war of proposals? |
| 1:17.8 | Joining us to discuss is Torston Slock, Deutchebank's chief international economist. |
| 1:22.1 | Torston, always great to catch up with you, sir, your view and what we're seeing this morning. |
| 1:27.0 | Well, this is basically a game of chicken, and it actually looks a little bit difficult at the moment to see who is going to deviate. |
| 1:35.0 | What's pretty clear is that up to this point, at least before the latest retaliation |
| 1:40.6 | announced with the latest round, if you will it has to look like this |
| 1:44.1 | was relatively small peanuts in terms of the overall scheme of things but the |
| 1:49.2 | risk now with 200 billion that is in particular going to be hitting consumer products. |
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