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cover of episode Trump's Tariff Pause Sparks Global Relief Rally

Trump's Tariff Pause Sparks Global Relief Rally

2025/4/10
logo of podcast Bloomberg Daybreak: Asia Edition

Bloomberg Daybreak: Asia Edition
AI Deep Dive AI Chapters Transcript
People
C
Chi Lo
R
Rebecca Walser
Topics
Chi Lo: 我认为特朗普暂停对大多数国家（中国除外）的报复性关税，导致股市出现上涨，但这可能只是暂时的过度反应，未来仍存在波动性。美中贸易战的可能性依然存在，这是一场危险的博弈，取决于谁先让步，最终可能两败俱伤。中国通过人民币贬值和股市支持措施，向世界发出信号，表明其有能力保护投资者利益，但这只是短期措施。短期内不宜全力投资中国市场，但如果北京采取更积极的宽松政策，六个月后，中国科技板块可能会有所复苏。中国科技板块，特别是面向国内市场的公司和行业，长期来看仍具有增长潜力，但短期内受宏观经济因素影响较大。 Rebecca Walser: 特朗普暂停部分关税引发美国股市自2008年以来最大涨幅，这表明政府的经济政策能够对全球产生重大影响。特朗普暂停关税的举动可能并非完全是市场压力导致的让步，而是其策略的一部分，以促进贸易谈判。特朗普暂停关税后，美中贸易战成为焦点，双方将进行直接对抗。美国与中国的贸易战是不可避免的，因为中国不应享有最惠国待遇。股市波动还会持续，因为美中贸易战才刚刚开始。全球经济面临衰退风险，因为此前过度印钞导致通货膨胀，加上美中贸易战等因素，经济下行压力加大。

Deep Dive

Chapters
This chapter analyzes the market's reaction to President Trump's decision to pause tariffs. Experts discuss the volatility in the market and the potential for a prolonged trade war between the US and China. The impact on various sectors and the possibility of government intervention are also examined.
  • Trump paused most reciprocal tariffs for 90 days but raised duties on China to 125%
  • Initial market reaction was a significant rally, but volatility remains a concern
  • Experts debate the long-term implications of the trade war between the US and China, considering the potential for both short-term and long-term negative impacts
  • China's potential responses include currency depreciation and stock market support measures
  • The Chinese tech sector's future is seen as positive in the long term, particularly for domestically-oriented companies

Shownotes Transcript

Asian stocks posted their biggest jump in more than two years as global financial markets rebounded after US President Donald Trump paused most of his sweeping reciprocal tariffs. Treasuries rallied after a tumultuous session. Trump announced a 90-day pause on the new tariffs that hit dozens of trading partners Wednesday. However, he raised duties on China to 125%. That came after the Asian nation retaliated and said it will raise levies on US goods to 84%. We get some perspective from Chi Lo, Senior Market Strategist at BNP Paribas Asset Management.

Stateside - Trump’s pledge to pause those tariffs ignited the biggest burst of buying Wall Street has seen since 2008. After narrowly avoiding a bear market, the S&P 500 staged a historic bounce from a selloff that wiped out trillions from global share prices amid the specter of a full-blown trade war that fueled fears of a US recession. The equity benchmark soared 9.5%, the most since the global financial crisis, while the Nasdaq 100 surged 12% as euphoria gripped markets after four days of bruising, high-volume trading. Nearly every stock in major gauges rose. We break down the day's price action with Rebecca Walser, President at Walser Wealth Management.

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