JOINING ME NOW, TWO FRIENDS, CHRISTIA FREELAND THE FORMER DEPUTY PRIME MINISTER OF CANADA AND THE MINISTER OF FINANCE. SHE CURRENTLY SERVED AS AN ECONOMIC ADVISER. TO THE UKRAINIAN PRESIDENT VOLODYMIR ZELENSKY, ALSO JOINING US, NORM ORNSTEIN, A SENIOR FELLOW EMERITUS AT THE AMERICAN ENTERPRISE INSTITUTE AND A CONTRIBUTING EDITOR AT THE ATLANTIC.GOOD MORNING TO BOTH OF YOU. THANK YOU FOR BEING WITH US. Christy, I want to start with this.A couple of hours ago, I talked to Fred Hochberg, who is the former chai ...

The US and Mexican economies are now so integrated that unraveling the USMCA pact would be far more damaging to Washington than President Trump suggests, says @JPSpinetto (via @opinion) https://t.co/UFWL6ZazD2 ...

Deputy Canadian Prime Minister Chrystia Freeland. She is now Economic Development Advisor to Ukraine's President Volodymyr Zelenskyy. Thank you so much for being with us.This conference marks the first gathering of world leaders since the president here, President Trump, upended alliances and publicly criticized world leaders at Davos. I'm wondering, as we just heard from Inez about this new era, what is the tone of this conference toward the United States this time. Well, look, it's just the first day.But ...

This is the Israeli Prime minister, Benjamin Netanyahu's seventh visit to the White House under President Trump's second term. And it is our understanding that he is here today with the main mission being that he wants to talk to the president about the U.S. Iran negotiations there is reporting that he is set to introduce some new military intelligence regarding Iran's military capabilities to the president as these talks continue. Now, this visit to the U.S. by Netanyahu follows his own meeting in Jerusale ...

>> THIS IS "BLOOMBERG BUSINESSWEEK DAILY," REPORTING FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS STAY AHEAD, WITH INSIGHT ON THE PEOPLE, COMPANIES, AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY. PLUS GLOBAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. "BLOOMBERG BUSINESSWEEK DAILY" WITH CAROL MASSAR AND TIM STENOVEC, LIVE ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS. CAROL: GOOD MORNING TO EVERYBODY ACROSS RADIO, TV, BLOOMBERG ORIGINALS -- TIM: WE ARE EVERYWHERE.CAROL: ALL OVER THE PLACE ...

🚨BREAKING: TRUMP IS CONSIDERING EXITING USMCA TRADE PACT HE NEGOTIATEDAccording to Bloomberg, U.S. President Donald Trump is privately considering withdrawing from the United States-Mexico-Canada Agreement (USMCA), the very trade deal he helped negotiate.Trump has asked aides why the U.S. shouldn’t pull out of the North American trade pact, injecting fresh uncertainty into ongoing talks with Canada and Mexico.USMCA, signed in 2020 to replace NAFTA, is central to trilateral trade worth hundreds of billions a ...

Core Insights - The article discusses the measurement of global industrial and supply chain paths, emphasizing the role of the Belt and Road Initiative (BRI) in enhancing connectivity and mitigating the impacts of decoupling [1] Group 1: Global Supply Chain Analysis - The authors constructed indicators to measure global industrial supply chain paths using data from the Asian Development Bank's international input-output tables [1] - The analysis reveals that China's "broad internal circulation" has a low dependency on overseas paths from a unilateral perspective [1] - From a bilateral perspective, the intermediate paths of the global supply chain between China and the US are concentrated around both countries [1] Group 2: Multilateral Supply Chain Dynamics - In a multilateral context, countries like Singapore, Vietnam, and Mexico are more inclined to become important intermediate paths in China's multilateral supply chain, while the US and Japan are more likely to serve as downstream endpoints and upstream starting points [1] - The BRI strengthens China's supply chain connections with other regions, helping to buffer the decline in supply chain interconnections caused by decoupling [1] Group 3: Policy Recommendations - It is essential to implement effective measures from the Regional Comprehensive Economic Partnership (RCEP), such as trade facilitation, liberalization, and tariff reductions, to lower costs and enhance efficiency, ensuring stable supply chains [1] - The establishment of bilateral and multilateral free trade agreements with BRI countries is recommended to create efficient and stable regional supply chains, leveraging the BRI members to develop and facilitate a digital Silk Road and green infrastructure connectivity [1] - Short-term communication and coordination with developed economies like the US and Japan should be strengthened to prevent supply chain disruptions, while long-term strategies should focus on enhancing independent innovation capabilities to mitigate the "bottleneck" challenges in related industries [1]

Welcome back. As trade tensions between the US and Canada remain high, one of the key trade negotiators from Canada is stepping down. Kristen Hillman, Canada's longtime ambassador to the US, announced last week that she is leaving her post at the end of the year.Her decision coming as President Trump considers potentially withdrawing from the USMCA trade agreement reached by the US, Canada, and Mexico under President Trump's first administration. And less than two months after the president terminated trade ...

From @WSJopinion: Trade with neighbors is making us richer. Washington would be foolish to mess with it. But it would also be crazy not to use the review process to force compliance with USMCA, writes @MaryAnastasiaOG.https://t.co/UlwHAUI344 ...

Trade Relations & Tariffs - The U S is reportedly willing to extend the trade deadline with Mexico for several weeks amid ongoing conversations [2] - Mexico currently faces a 25% tariff on non-USMCA compliant goods [4] - The threat of tariffs on Mexico had been that the rate could increase to 30% [4] - Tariffs imposed on Mexico are related to fentanyl concerns and border issues, not reciprocal trade [5] - A 35% tariff is in place on non-USMCA compliant goods [7] - There is a 50% tariff on Canadian steel and aluminum [7] USMCA & Trade Agreement Implications - The U S-Mexico trade relationship is being given preferential treatment compared to Canada, according to President Trump [4] - It remains uncertain whether the additional 10% tariff will extend to USMCA compliant goods [7] - The U S is closely monitoring potential concessions from Mexico to meet President Trump's demands [6]