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Bessent Floats Longer-Term China Truce
Bloomberg Television· 2025-10-16 05:04
Donald Trump, the US President, was actually asked about the trade war and whether or not the US was in fact in one. Here's how he actually framed and phrased that specific answer. Are we in for a sustained trade war with China.Well, we're in one now. Look, we have a 100% tariff. If we didn't have tariffs, we would be exposed as being a nothing. We would have no defense.President Trump spoke after Treasury Secretary Scott Bessent floated a longer pause on high US levies targeting China to resolve a conflict ...
X @Bloomberg
Bloomberg· 2025-10-15 21:10
Trade Policy & Legal Challenges - The President may attend Supreme Court oral arguments regarding the legality of his tariffs [1] - The case questions whether the bulk of the President's tariffs pass legal muster [1]
X @Bloomberg
Bloomberg· 2025-10-15 15:14
Walmart's US CEO said shoppers are spending at a healthy rate and remain resilient, despite uncertain economic conditions and some inflationary prices due to President Donald Trump’s tariffs https://t.co/5Ycz8cK0Cv ...
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 ...