Trump Tariffs: Global Trade Reset and Economic Fallout
Bloomberg PodcastsApril 3, 202552 min699 views
26 connections·40 entities in this video→Resurgence of 19th Century Tariffs
- 📈 Average tariffs are returning to levels not seen since the 1880s or 1890s, increasing from 2-3% to potentially 30%.
- 🏛️ This marks a significant shift, echoing debates from the late 19th century regarding revenue effects and protective measures.
Economic Implications and Market Reaction
- 📉 Tariffs are expected to lead to higher US prices, slower growth, and potentially a recession, with global markets experiencing a significant selloff.
- ⚠️ Investors are seeking haven assets, with gold hitting new highs and Treasury yields dropping, indicating market uncertainty and risk aversion.
- 🛒 Businesses will initially bear the brunt of increased costs, which will eventually be passed on to consumers through higher prices for various goods.
The Grievance of Globalization and Automation
- 😥 Many workers feel
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Transcript190 segments
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What’s Discussed
Trump TariffsGlobal TradeGeopoliticsRecessionBond MarketUS EconomyChina TradeGlobalizationAutomationSupply ChainsTrade PolicyEconomic GrowthInflation
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