LIVE FROM THE MILKEN INSTITUTE ASIAN. THIS IS LIVE. WE HAVE A GREAT WILL YOU PLEASE OF GUESTS AND C.E. O. AND THE COUNTRY’S PUSH TO BECOME A GLOBAL HUB.AND WE’LL GET INSIGHTS FROM THE VICE MINISTER OF TRADE AND HOW PRESIDENT TRUMP’S TARIFF POLICIES ARE RESHAPING GLOBAL COMMERCE AND HERE ARE THE OTHER BIG STORIES. AND JAPAN TAKING THE LEAD TODAY AS STOCKS AND RECORD HIGH. AND LATEST TO GET A POOFT.PLUS, AND INDIA’S MARKETS REGULATOR AS THE NATION’S BILLIONAIRES HAVE EXCHANGES AND MORE ON THAT. HASLINDA: LET’ ...

Geopolitical Relations - Canada and Mexico agree to deepen ties [1] Trade Dynamics - The agreement occurs amid the Trump trade war [1]

Economic Impact of Tariffs - The implementation of tariffs is raising costs for U.S. businesses, which could lead to a reduction in GDP by approximately 0.5% in the long run [6][13] - The unpredictability of tariff rates creates chaos for businesses, making investments riskier and potentially leading to poor financial outcomes [7][8] - Tariffs are primarily affecting inputs into U.S. manufacturing, thereby increasing operational costs for companies [12][13] Labor Market and Immigration - The reduction of immigrant labor due to immigration policies is negatively impacting productivity and living standards for native-born workers [5][4] - The construction industry, heavily reliant on immigrant labor, is facing challenges that could further drive up housing costs [2][4] Auto Industry Dynamics - The North American auto industry is highly integrated, and tariffs on steel and aluminum are increasing production costs without effectively bringing manufacturing jobs back to the U.S. [15][16] - The pressure on manufacturers to automate due to rising costs may not translate into job creation for U.S. workers [16][17] Revenue Generation and Fiscal Policy - Tariffs function as a sales tax on imported goods, which could theoretically help reduce the deficit, but the actual revenue generated may not be substantial [19][20] - The potential increase in tariff rates could lead to higher revenue, but the effectiveness of this approach in addressing the deficit remains uncertain [21] Long-term Trade Relations - The current administration's approach to tariffs is likely to damage U.S. credibility in international trade agreements, making future negotiations more challenging [22][23] - The violation of established trade agreements could have lasting repercussions on the U.S.'s role in the global trading system [22][23]

Trade & Tariffs - Tariffs negatively impact the standard of living by increasing costs and reducing productivity [3][4] - Trump's tariffs, while potentially reducing GDP by approximately 0.5% in the long run, pose a greater threat due to uncertainty and volatility, disrupting business investments [6][7][8] - US businesses, rather than exporters, are absorbing a significant amount of tariff costs, partly due to front-running and uncertainty about the tariffs' permanence [10] - Many tariffs are levied on inputs into US manufacturing, raising costs for US businesses [12] - The auto industry is particularly vulnerable to tariffs due to its integrated North American supply chain, where parts cross borders multiple times [15] - Tariffs function as a sales tax on imported goods, potentially increasing revenue and reducing the deficit, but the amount is unlikely to reach Secretary Besson's estimate of $300 billion [18][19][20] - The US is violating international trade agreements, damaging its credibility and potentially dismantling a system built over 90 years [22][23] Immigration & Labor - Immigrant workers are concentrated in specific industries and occupations that complement native-born American workers, and driving them out reduces productivity and living standards [4][5] - Industries that might return to the US are likely to be capital-intensive, creating more jobs for robots than for US workers [18] Economic Policy & Impact - The stated goal of bringing back manufacturing jobs may not be achieved due to automation and the integrated nature of industries like the auto industry [14][16]

>> LIVE FROM WASHINGTON, D. C. , THIS IS "BALANCE OF POWER" WITH JOE MATHIEU AND KAILEY LEINZ.JOE: DEADLINE DATE IS UPON US. WELCOME TO THE THURSDAY EDITION OF "BALANCE OF POWER" AS WE COUNTDOWN TO RECIPROCAL TARIFFS THREATENED BY THE TRUMP ADMINISTRATION SET TO TAKE EFFECT AT MIDNIGHT. I'M JOE MATHIEU ALONGSIDE KAILEY LEINZ.THANKS FOR BEING WITH US ON BLOOMBERG TV AND RADIO. AS WE COUNTDOWN TO MIDNIGHT TAKING EFFECT, WE GET MORE DEALS OR IT IS ALL WE HAVE AS THE PRESIDENT MAKES IF YOU POSTS ABOUT CANADA AN ...

Commerce Secretary Howard Lutnick said the US had reached trade agreements with Cambodia and Thailand, days after the Southeast Asian neighbors agreed to a ceasefire at Trump’s urging https://t.co/graTK1XPK4 ...

US Economic Policy & Federal Reserve - The meeting between President Trump and Fed Chairman Jerome Powell at the Federal Reserve was a rare occurrence, highlighting the ongoing pressure from the White House on the Fed [4][6][7][8] - President Trump criticized the Federal Reserve's building renovations, claiming the cost had risen from 2.7% to 3.1% billion, which Powell fact-checked in real time [1][2][9] - The President's team has been focusing on the Federal Reserve renovation budget overruns, which started in 2017, as a line of attack [9] - There's a shift in the administration's messaging, with less emphasis on firing Jerome Powell and more focus on his successor, potentially indicating a more sober approach [12][14] Trade Agreements & Economic Data - The US administration aims to finalize trade agreements with the EU and India before the August 1st deadline [16][17] - Key economic data, including GDP and jobs data, will be released next week, providing insights into the impact of the trade war on the US economy [18] - The political fallout from the trade war and the reaction to the President's strategic approach are being closely monitored [19][20]

>> THIS IS "BALANCE OF POWER." LIVE FROM WASHINGTON, D. C. JOE: FROM BLOOMBERG'S WASHINGTON TV STUDIOS TO OUR WORLD RADIO AUDIENCES WORLDWIDE, WELCOME TO "BALANCE OF POWER." ALONGSIDE TYLER KENDALL, I'M JOINED MATT -- JOE MATHIEU.THE PRESIDENT OPTIMISTIC ON HIS QUEST FOR TRADE DEALS. >> WE ARE CLOSE TO FINISHING THE TRADE DEAL. WE DO A LOT OF BUSINESS WITH YOU, IT IS A LOT OF INCOME COMING IN FOR BOTH GROUPS.JOE: THE DEVELOPMENT FROM THE WHITE HOUSE TONIGHT AFTER THE PRESIDENT'S SIT DOWN WITH THE PHILIPPINE ...

Investment Rating - The report indicates a tactical escalation in tariffs, with the overall effective tariff rate expected to rise to 21-22%, which may lead to stagflationary shocks and increased recession probabilities [57]. Core Insights - Tariffs are being used as a tool for negotiation, with the US administration focused on reducing goods trade deficits while not perceiving substantial risks from tariff escalations [57]. - The weighted average tariff rate on Asia could rise to 27% and above, but it is anticipated that most large economies in Asia will reach trade agreements before August 1 [57][11]. - The implications for the copper market are significant, with a 50% tariff on copper expected to negatively impact LME copper while benefiting COMEX copper [57][27]. - The US economy may experience a stagflationary shock due to the announced tariffs, with inflation expected to remain above 2% for an extended period [57]. Summary by Sections Tariff Implications - The report highlights that the US is exploring its negotiating space through tactical tariff escalations, with current levels remaining below earlier fears [57]. - The potential for tariffs to rise on select sectors, particularly semiconductors and pharmaceuticals, remains a concern [16][57]. Trade Negotiations - Current trade negotiations involve several countries, with key issues such as agricultural access and tariff reductions on automobiles still unresolved [15][57]. - The report suggests that if agreements are not reached by the deadline, tactical tariff increases may occur, impacting trade dynamics [16][57]. Economic Outlook - The report anticipates a slowdown in capital goods imports and exports over the next 2-3 months, indicating potential economic drag [17]. - The report emphasizes the importance of monitoring Asia's export price index for signs of tariff burden sharing and its effect on corporate profit margins [19][57].

The EU is looking to deepen trade agreements with India and other countries in the Asia-Pacific region as the bloc braces for US tariffs, a top official said https://t.co/xZ9Y7uoY4I ...