How Trump’s Tariffs Are Hitting Global Economic Growth
The International Monetary Fund released a forecast this week projecting that global GDP will grow just 2.8% — down half a percentage point since US President Donald Trump unleashed a raft of tariffs on April 2. Their projection for US GDP growth was particularly grim: Down nearly an entire percentage point from expectations earlier this year. And they’re not alone. As economists try to measure the potential outcome from the current trade war and the whiplash of on-again-off-again tariffs, Bloomberg Economics landed on similar GDP projections On today’s episode of the Big Take, host Sarah Holder is joined by Bloomberg’s Enda Curran and Bloomberg Economics Chief Economist Tom Orlik to discuss what these projections can — and can’t — tell us about where the trade war could lead.See omnystudio.com/listener for privacy information.
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15:40
Can Trump Tell Powell ‘You’re Fired'?
President Trump’s attacks on Federal Reserve Chair Jerome Powell just keep coming. Today on the Big Take, Bloomberg’s Michael McKee and Saleha Mohsin join Sarah Holder and David Gura to ask: Can the president actually fire Powell? And what impact could his ongoing threats have on the US dollar and global financial markets? Read more: Markets Are Discovering the Real Trump Trade Is ‘Sell America’See omnystudio.com/listener for privacy information.
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18:52
Who Will Blink First in the US-China Trade War?
As the trade war between Donald Trump and Xi Jinping continues to escalate, economists around the world are asking who will blink first. On today’s Big Take podcast, Bloomberg’s John Liu and Jennifer Welch join host David Gura to discuss what it will take for both presidents to come to the negotiating table, how the current state of China’s economy impacts its positioning in the trade war and why hardball tactics are unlikely to work this time around.See omnystudio.com/listener for privacy information.
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18:41
What the Heck Just Happened in the Bond Market?
It’s been a rollercoaster of a week for global markets. As President Trump goes back and forth about the size and scope of his tariffs, Bloomberg is watching one market especially closely: bonds. US Treasuries are widely seen as one of the world’s safest assets, especially in periods of financial volatility. But will they hold? On today’s episode of the Big Take DC, hosts Sarah Holder and Saleha Mohsin sit down with Bloomberg chief correspondent Liz Capo McCormick to unpack a week of sharp selloffs in the bond market, and how the swings could impact mortgage rates and student loans.See omnystudio.com/listener for privacy information.
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14:19
Trump Announces Sweeping New Tariffs. What’s Next
Trump announced the steepest American tariffs in more than a century, with a 10% tariff on all exporters to the US and even higher duties on some 60 nations. China now faces a tariff well above 50% on many goods. On today’s Big Take, Bloomberg reporter Josh Wingrove joins host David Gura to discuss Trump’s “huge” announcement, and how it will reshape global trade. Read more: Trump Tariffs Everyone, With Rate on China Set to Soar Above 50%Further listening: The World Is Paying for Trump’s China Tariffs See omnystudio.com/listener for privacy information.
We’re taking The Big Take to DC. Every Thursday, Bloomberg’s Saleha Mohsin digs into how money, politics, and power shapes Washington - and the consequences for voters across America.
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