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cover of episode Kyle Bass Talks Tariffs and US Recession Odds

Kyle Bass Talks Tariffs and US Recession Odds

2025/4/11
logo of podcast Bloomberg Talks

Bloomberg Talks
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Kyle Bass discusses the recent 90-day pause on tariffs, noting the complexity of trade negotiations and the need for time to address issues beyond simple tariff numbers. He comments on the impact on both large multinationals and small businesses, and emphasizes the importance of resetting trade relationships for the benefit of the U.S. as the world's largest consumer.
  • 90-day reprieve for trade deal negotiations
  • Impact on multinationals and small businesses
  • Importance of fair trade and stronger foundation for growth

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Kyle Bass said the US may need to undergo a recession as it reorders its global trade ties and attempts to rein in the federal deficit. ”We have to make some difficult choices,” the Dallas-based investor said in an interview on Bloomberg Television. “Both of those things might be slightly recessionary, and if that’s true, we might have to go to a brief recession in order to rebuild our foundation.”President Donald Trump’s moves to drastically increase trade levies sent equity valuations plunging and US yields soaring before Trump put in a 90-day pause. There still remain increased duties on major trading partners while the administration has ratcheted up the US tariff on goods from China to at least 145% — a result of a 125% rate that includes “reciprocal” duties and a 20% rate imposed by Trump earlier this year over fentanyl trafficking.

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