Who’s Really Paying for Tariffs? Hint: It’s Not Foreign Companies
President Trump’s so-called reciprocal tariffs have pushed the average US tariff rate to 15%, up from just over 2% last year. But who’s actually footing the bill so far? On today’s Big Take podcast, Bloomberg Businessweek’s “Everybody’s Business” host Stacey Vanek Smith takes Sarah Holder through Tariff 101: How is that money being collected and where is it going? Read more: It’s Only a Matter of Time Until Americans Pay for Trump’s TariffsSee omnystudio.com/listener for privacy information.
11 Aug 202516min
Who Will Win the Race for Greenland’s Rare Earths?
For years, President Donald Trump has voiced his ambitions to expand the US presence in Greenland. But making that happen is easier said than done. Bloomberg’s Joe Deaux traveled to the remote island this spring, alongside a former Trump administration official who’s hoping to build a rare-earths mine there — with the federal government’s investment. On today’s Big Take podcast, Joe walks host David Gura through what he saw on the ground, what Greenlanders have to say about Trump’s rhetoric and what it would really take to establish a mines-to-magnets pipeline in Greenland. Read more: Greenland’s Rare-Earth Dreams Are Luring Trump AlliesSee omnystudio.com/listener for privacy information.
8 Aug 202518min
Private Equity Is Coming for Your 401(k)
US President Donald Trump just signed an executive order that aims to allow private equity into a $12 trillion piece of America’s retirement market — 401(k)s. On today’s Big Take podcast, private equity reporter Allison McNeely joins host Sarah Holder to explain what this could mean for the average American’s retirement savings. Read more: Trump Signs Order Easing Path for Private Assets in 401(k)sSee omnystudio.com/listener for privacy information.
7 Aug 202515min
Inside the Trump Family’s Money-Making Machine
Since President Trump kicked off his reelection campaign in November 2022, his net worth has more than doubled — to roughly $6.4 billion. No modern American president has positioned his family to make so much money while in the White House. Today on the show, Bloomberg reporters Max Abelson and Annie Massa join host David Gura to discuss the sources of the Trump family’s wealth — from cryptocurrencies and sneakers to Trump-branded towers in the Middle East. Read more: The Trump Family’s Money-Making MachineSee omnystudio.com/listener for privacy information.
6 Aug 202518min
India Won’t Stop Buying Russian Oil. Now It’s Paying the Price.
President Trump has been cranking up the pressure on India, a country the US has courted as a strategic counterweight against China. Last week, Trump announced a 25% tariff on the country, a higher rate than many other major economies in Asia. But he didn’t stop there. This week, he’s threatened to raise the levy even higher. His message to India is clear: Stop buying Russian oil. On today’s Big Take Asia Podcast, Bloomberg’s Sudhi Ranjan Sen joins K. Oanh Ha to unpack the historical and economic ties that have kept Russia and India close and discuss why that relationship is now being tested on the world stage. Read more: Trump Vows to Ramp Up India Tariffs in Escalation of Russia Spat Further listening: Is Trump’s Trade War Strategy Working?See omnystudio.com/listener for privacy information.
5 Aug 202514min
The World Trusts US Economic Data. Trump’s BLS Firing Could Change That.
For decades, the data collected by the apolitical Bureau of Labor Statistics was seen as a gold standard — informing decisions made by the Federal Reserve, global business leaders and even presidents. But now, after President Trump’s firing of BLS Commissioner Erika McEntarfer following a disappointing July jobs report — that could change. On today’s Big Take podcast, Bloomberg’s Molly Smith joins host Sarah Holder to discuss the potentially sweeping policy ramifications of a shake-up at the Bureau of Labor Statistics.See omnystudio.com/listener for privacy information.
4 Aug 202514min
Is Trump’s Trade War Strategy Working?
As President Donald Trump’s goalposts for his trade war continue to shift, Big Take host Sarah Holder sits down with Bloomberg’s global trade editor Brendan Murray to discuss where things stand and how Trump has dramatically shifted America’s approach to international trade deals.Read more: How Trump Let $1 Trillion Worth of Imports Escape His Tariff HammerSee omnystudio.com/listener for privacy information.
1 Aug 202513min
Why It’s So Hard to Buy or Sell a House Right Now
The US housing market just posted its slowest spring season in more than a dozen years. Experts are pointing to a combination of factors: high prices, elevated mortgage rates and economic uncertainty in America. So what would it take to turn things around? Big Take host Sarah Holder spoke with Bloomberg housing reporter Prashant Gopal and real estate agents in major markets about the challenges for buyers and sellers. Read more: US Housing Market Posts Worst Spring Selling Season in 13 YearsSee omnystudio.com/listener for privacy information.
31 Juli 202512min
