We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode Mixed Signals on Trade Talks; Fed Rate-Cut Hopes

Mixed Signals on Trade Talks; Fed Rate-Cut Hopes

2025/4/25
logo of podcast Bloomberg Daybreak: Asia Edition

Bloomberg Daybreak: Asia Edition
AI Deep Dive AI Chapters Transcript
People
D
David Chow
D
Doug Krisner
S
Stephen Schoenfeld
Topics
David Chow: 我认为中国对关税战的回应方式与其他国家不同，他们采取了报复性关税措施，这其中可能包含更多地缘政治和政治考量，而非单纯的经济考量。我认为短期内中美贸易不太可能达成解决方案，因为之前的谈判就耗时一年多。美国与南韩和日本的贸易协议为亚太地区其他贸易协议创造了积极的可能性。我正在寻找经济复苏地区的投资机会，例如欧洲和中国。我看好中国机器人与人工智能结合的高科技制造业投资主题。我对中国经济持乐观态度，认为政府将出台更多刺激措施以提振消费。尽管目前硬数据尚未显现，但由于政策不确定性，全球经济衰退的风险有所增加。 Stephen Schoenfeld: 市场正在预期美联储降息，债券收益率曲线下降，股市上涨，这表明市场认为美联储正在提供某种“保险”。关税可能同时损害经济增长并引发通货膨胀，存在滞胀的风险。白宫释放出让步信号，暗示即将达成贸易协议，市场对关税的担忧有所缓解。航空业可能已经感受到经济衰退的影响，但其他行业的影响程度不同。投资者应该进行国际多元化投资，并关注国防等不受关税影响的行业。美国股市在全球市场中的占比过高，建议投资者进行全球资产配置。美国关税政策的实施方式损害了美国的品牌形象和避险资产地位。

Deep Dive

Chapters
President Trump claims ongoing trade talks with China, while Beijing denies any progress. David Chow analyzes China's unique approach to the trade war and its geopolitical implications. He discusses the potential for a near-term resolution and the impact on the Asia-Pacific region.
  • Conflicting statements on US-China trade talks.
  • China's retaliatory tariffs and geopolitical strategy.
  • Skepticism towards a near-term trade resolution.
  • Focus on opportunities in reflating economies and high-tech sectors in Asia-Pacific.

Shownotes Transcript

President Donald Trump said Thursday that his administration was talking with China on trade, after Beijing denied the existence of negotiations on a deal and demanded the US revoke all unilateral tariffs. The Chinese Commerce Ministry dismissed speculation that progress has been made in bilateral communications, saying "any reports on development in talks are groundless," while urging the US to "show sincerity" if it wants to make a deal. We discuss the latest on the trade war with David Chao, Global Market Strategist, APAC at Invesco.

Plus - Fed Governor Christopher Waller said he'd support rate cuts in the event aggressive tariff levels hurt the jobs market, speaking in an interview on Bloomberg Television. Cleveland Fed President Beth Hammack says the central bank could move on rates as early as June if it has clear evidence of the economy's direction. We dissect the latest Fed speak with Steven Schoenfeld, CEO at MarketVector Indexes.

See omnystudio.com/listener) for privacy information.