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Bessent Says China Tariff Truce Could Be Extended
Bloomberg Television· 2025-10-15 14:48
Geopolitical & Economic Strategy - The US aims to assist China, not harm it, but will respond to economic coercion, viewing the situation as "China versus the world" [1] - China's export controls are deemed unacceptable globally, with the US and its allies resisting being commanded or controlled by China's state economy [2] - The US perceives a risk in depending on China for rare earths and other resources, highlighted by China's actions and its relationship with Russia [5] Trade & Supply Chain Concerns - There are concerns about the reliability of China in the global supply chain, citing potential untrustworthiness [4] - Auto companies reported a slowdown in markets, potentially linked to actions by China [3] - The US is considering a longer-term tariff roll in exchange for a delay, subject to negotiations before a leaders' meeting in Korea [5][6] International Cooperation - The US emphasizes the need for allies to work together, particularly in light of China's actions [4] - Meetings are planned during the World Bank IMF week to address these issues [5]
X @Bloomberg
Bloomberg· 2025-10-15 11:02
Port operators are pushing back on Trump’s crane tariffs, saying they'll make cars and other imports more expensive https://t.co/EXh9gUd1fu ...
CNBC's Andrew Ross Sorkin's book '1929' hits shelves today
CNBC Television· 2025-10-14 22:10
Back on track here, a new book about Black Tuesday and the fallout on Wall Street and beyond. Uh, it hits the shelves today. 1929, Inside the Greatest Crash in Wall Street history and how it shattered a nation is now available.The author, CNBC Squawkbox co-host, New York Times financial columnist, Dealbook founder, subject of a 60 Minutes piece this Sunday, Andrew Ross. I mean, it's royalty here sitting at the the table and queen. This is the first time you've ever been on this show.I I was going to say I f ...
X @Bloomberg
Bloomberg· 2025-10-14 21:56
The International Monetary Fund warned that the global economy is showing signs of strains from sweeping US tariffs and protectionism. But there’s a silver lining, for now: Here’s your Evening Briefing https://t.co/b8BiOYeCA9 ...
X @Bloomberg
Bloomberg· 2025-10-14 18:24
The first year of Trump’s second term has been marked by a pattern: Trump threatens to impose sky-high tariffs and stocks tumble, then he relents and markets recover. Wall Street has learned to capitalize on this. Here's what to know https://t.co/vvzNPhTfTz ...
Deeper layoffs from government shutdown are counterproductive, says Wolfe's Tobin Marcus
CNBC Television· 2025-10-14 18:13
Joining me now is Tobin Marcus, head of politics and policy at Wolf Research. Let's let's we saw Friday. We understand how important China is and we can do a lot of we could even do India in terms of trade deals, but the big elephant in the room has always been China.uh Tobin uh and it's been kind of kind of a a tooltoy novel watching what's going on citing a Russian but started out in March looked bleak you know a lot of uh uh you know really bellose language back and forth on trade then everything sort of ...
Goldman Sachs: U.S. consumers bearing more than half the cost of Trump's tariffs
MSNBC· 2025-10-14 15:32
Today marks the start of a new round of President Trump's tariffs going into effect this morning. New fees on imported furniture and kitchen cabinets along with wood and timber. Critics say the tariffs, which could reach as high as 50% on some items, could take a huge toll on consumers, especially if you're renovating your house.Joining us now, Ernie Tedeski, uh the director of the economics and budget lab at Yale University. Ernie, these new tariffs are meant to help spur more domestic logging and furnitur ...
X @Bloomberg
Bloomberg· 2025-10-14 13:26
On today’s episode, host @sarahsholder talks to Bloomberg’s @josh_wingrove about the impact Donald Trump’s tariffs have had on Kentucky’s manufacturing – and its iconic bourbon https://t.co/e1vy03yNRW https://t.co/3j0rrgQi0e ...
X @Bloomberg
Bloomberg· 2025-10-14 13:14
The International Monetary Fund warned that the global economy is showing signs of strains from sweeping US tariffs and protectionism — even though it so far has held up better than expected https://t.co/6PjAlRryd0 ...