The Tariff Announcement That Shocked Financial Markets
Odd Lots3 Feb 2025

The Tariff Announcement That Shocked Financial Markets

Over the weekend, President Trump announced that he was following through with his plan for aggressive tariffs. Imports from Canada and Mexico will now be hit with a 25% tariff, while China will get a 10% tariff. Although aggressive action was promised during the campaign, the news still rattled global financial markets, sending futures tumbling and the dollar spiking. Then, on Monday, Mexican President Claudia Sheinbaum announced that after a discussion with Trump, the tariffs aimed at her country would be delayed by a month. Meanwhile, more talks with Canada and China are expected. So what exactly are the economics of such tariffs? Are they inflationary? Who pays for them? And what are the implications of these ongoing threats? On this episode, we speak with Paul Donovan, chief economist at UBS Global Wealth Management, who answers all of our questions on the still developing news and how things might play out.

Read More: How Trump’s Tariffs Aim a Wrecking Ball at the Economy of the Americas

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

See omnystudio.com/listener for privacy information.

Avsnitt(1189)

Lots More with Joe Abate on the Fed's New Target and the Rising Price of Money

Lots More with Joe Abate on the Fed's New Target and the Rising Price of Money

We're used to talking about the Federal Reserve changing "benchmark interest rates." But the mechanics of how the central bank actually tightens or loosens policy are a lot more nuanced. For years now...

3 Okt 202527min

Terry Duffy on the CME's Big Push into Retail Trading

Terry Duffy on the CME's Big Push into Retail Trading

CME Group is one of the oldest exchanges around, tracing it's history all the way back to the late 1800s, when it specialized in agricultural commodities. It's best known for things like futures and i...

2 Okt 202557min

Tarek Mansour on Kalshi's Plan to Create Markets in Everything

Tarek Mansour on Kalshi's Plan to Create Markets in Everything

For over 20 years, people have been talking about prediction markets or event markets are the next big thing. But mostly, with some niche exceptions, they haven't taken off, in part due to regulatory ...

1 Okt 202544min

The King of Chicago Trading Wants to Build a GPU Market Bigger Than Oil

The King of Chicago Trading Wants to Build a GPU Market Bigger Than Oil

Don Wilson has built a career diving into some of trading’s thorniest problems, including figuring out ways to trade new and niche markets. Now, the founder and CEO of DRW has his sights set on the GP...

29 Sep 202534min

Introducing IVF Disrupted: The Kindbody Story

Introducing IVF Disrupted: The Kindbody Story

Kindbody, one of the largest fertility companies in the US, sought to disrupt egg freezing and IVF by combining spa vibes with Silicon Valley efficiency. The startup raised millions, opened dozens of ...

28 Sep 20251min

Jack Morris on Finding the Next Big AI Breakthrough

Jack Morris on Finding the Next Big AI Breakthrough

We know that the top-tier AI labs are spending unbelievable amounts of money on talent. But what are these researchers actually working on? And how do we know that they're making progress? And further...

26 Sep 202545min

Ozan Tarman on What's Driving The Nonstop Rise in Gold and Tech

Ozan Tarman on What's Driving The Nonstop Rise in Gold and Tech

There are two huge winning trades that people are looking at day after day. Gold keeps going up and US tech stocks keep going up. But what is driving this intense flow? How long can these consensus tr...

25 Sep 202540min

Jim Cramer on the Retail Trading Revolution

Jim Cramer on the Retail Trading Revolution

In recent years, retail trading of stocks has absolutely exploded. This is happening despite the fact that investors are subject to a constant stream of propaganda that individuals can't beat the mark...

22 Sep 202553min

Populärt inom Business & ekonomi

framgangspodden
badfluence
varvet
rss-jossan-nina
rss-svart-marknad
rss-borsens-finest
uppgang-och-fall
svd-tech-brief
avanzapodden
rss-dagen-med-di
bathina-en-podcast
rss-kort-lang-analyspodden-fran-di
fill-or-kill
24fragor
lastbilspodden
tabberaset
rikatillsammans-om-privatekonomi-rikedom-i-livet
borsmorgon
montrosepodden
rss-inga-dumma-fragor-om-pengar