We Are in a Reactive Phase, Alden Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 5 March 2018
⏱️ 36 minutes
🧾️ Download transcript
Summary
Luigi Zingales, University of Chicago Booth School of Business Professor, says the results of the Italian election indicates a heavy anti-Europe sentiment. Deborah Lehr, Paulson Institute Senior Fellow, says the World Trade Organization has failed at keeping up with the modern world of trade. Shahab Jalinoos, Credit Suisse Global Head of FX Strategy, says the biggest risk to the U.S. dollar would be a sudden loss of confidence from overseas investors.Ted Alden, Council on Foreign Relations Senior Fellow, says we live in a very different world than 1961, the world Trump has nostalgia for.
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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, |
| 0:53.7 | Bloomberg.com and of course on the Bloomberg. Front and center through the weekend then the President's tariffs. |
| 1:07.0 | The decision unexpectedly came on Thursday in the middle of talks. On Sunday the President's |
| 1:12.0 | senior trade advisors said the president does not |
| 1:14.2 | want any nation excluded from these tariffs set to be imposed as early as this week. |
| 1:19.9 | The president tweeting earlier this morning we have large trade deficits with Mexico and |
| 1:24.3 | Canada. NAFDA, which is under renegotiation right now, has been a bad deal for the United States |
| 1:29.7 | of America, massive relocation of companies and jobs, tariffs on steel and aluminum will only come |
| 1:36.1 | off if new and fair NAFTA agreement is signed. |
| 1:39.7 | Joining me now, here in New York City I'm pleased to say is Luigi Zingales. He is University of Chicago Booth School of Business Professor. Professor Zingales, great to have you with us this morning. So to begin with, the question of whether we've seen heard the starting shot of a trade war have we? |
| 1:55.0 | I hope not I think that we are used now to President Trump being a bit bombastic in his statements |
| 2:02.0 | and I hope this is a bit of bombastic in his statements and I hope this is a bit of propaganda to start |
... |
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