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cover of episode Tariff Whiplash Hits Stocks, Bailey’s UK-EU Trade Pitch, What Is Section 899?

Tariff Whiplash Hits Stocks, Bailey’s UK-EU Trade Pitch, What Is Section 899?

2025/5/30
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Bloomberg Daybreak: Europe Edition
AI Deep Dive AI Chapters Transcript
People
A
Andrew Bailey
C
Caroline Leavitt
D
Derek Wohlbach
E
Ewan Potts
J
Jane Fraser
K
Katya Dmitrieva
K
Kriti Gupta
S
Scott Bessent
特朗普提名的财政部长候选人，曾任乔治·索罗斯对冲基金高级管理人，推崇减少预算赤字、放松监管和增加能源生产的经济政策。
Topics
Derek Wohlbach: 作为美国经济和政府高级编辑，我认为特朗普总统的全球关税政策目前仍然有效，但上诉法院最终可能支持最初的裁决，阻止特朗普总统的关税政策。这使得特朗普政府试图与个别国家达成协议的想法变得复杂。尽管如此，白宫官员强调，如果上诉最终失败，特朗普有权通过其他途径实施类似的关税。 Scott Bessent: 作为美国财政部长，我认为我们与中国的贸易谈判目前处于停滞状态，可能需要安排总统和习近平主席通话才能达成协议。我相信我们会在未来几周与他们进行更多谈判。 Katya Dmitrieva: 作为彭博社记者，我认为法院的裁决延长了特朗普关税政策的法律斗争时间线。特朗普政府错误地援引紧急法来证明其互惠征税的合理性。特朗普政府有非常明确的贸易策略，他们想增加关税，除了紧急法，还有其他方法可以征收关税，例如232条款关税。特朗普政府还可以启动调查，利用国家安全权力来增加征税。

Deep Dive

Chapters
A federal appeals court temporarily blocked a ruling against President Trump's tariffs, creating uncertainty in the global economy. Treasury Secretary Scott Bessent reported stalled trade talks with China, highlighting the need for communication between President Trump and Xi Jinping. Despite the temporary reprieve, legal challenges and alternative methods for imposing tariffs remain.
  • Federal appeals court temporarily paused a ruling against Trump's tariffs.
  • Trade talks between the US and China are stalled.
  • Trump administration has alternative methods to impose tariffs.

Shownotes Transcript

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, giving at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order.

(2) US Treasury Secretary Scott Bessent said trade talks with China are “a bit stalled,” and that a call between President Donald Trump and his counterpart Xi Jinping may be needed for the world’s two largest economies to reach a deal.

(3) President Donald Trump pushed Federal Reserve Chair Jerome Powell to lower interest rates at their first in-person meeting since the president’s inauguration, the White House said.

(4) Buried deep in the more than 1,000-page tax-and-spending bill that President Donald Trump is muscling through Congress is an obscure tax measure - section 899 - that's setting off alarms on Wall Street and beyond.

(5) The US economic outlook remains stronger than Europe despite sweeping policy uncertainty causing ripples across the economy, according to Citigroup Inc. Chief Executive Officer Jane Fraser.

(6) Bank of England Governor Andrew Bailey has urged the government to strike a deeper trade deal with the European Union to improve growth and “minimize negative effects” of Brexit.Podcast Conversation: Why Wall Street Interns Are Safe From AI: Marc Rubinstein)

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