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cover of episode Trump Tariffs Take Effect; Vicious Treasury Sell-Off

Trump Tariffs Take Effect; Vicious Treasury Sell-Off

2025/4/9
logo of podcast Bloomberg Daybreak: US Edition

Bloomberg Daybreak: US Edition
AI Chapters Transcript
Chapters
President Trump's new tariffs are in effect, impacting roughly 60 countries. China's delayed response contrasts with previous reactions, leading to uncertainty about further retaliatory measures. European markets experience sell-offs in response to the tariffs.
  • New tariffs impacting 60 countries
  • Tariffs as high as 104% on China
  • China's unusual delayed response
  • European stock sell-offs

Shownotes Transcript

On today's podcast: 1) President Donald Trump’s so-called reciprocal tariffs are now in place, dealing a thunderous blow to the world economy as he pushes forward efforts to drastically reorder global trade.

  1. China hasn’t immediately responded to the new US tariffs, a departure from the last two episodes when President Donald Trump hiked duties and Beijing hit back within minutes. 

  2. A vicious sell-off in what are supposed to be the world’s safest assets has investors grasping for reasons behind the steep declines in Treasuries which accelerated Wednesday.

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