Assessing the Tariff Impact on Companies and Growth with Jennifer Lee
April 11, 2025
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6:46Now PlayingAssessing the Tariff Impact on Companies and Growth with Jennifer Lee
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as posted by the channelJennifer Lee, Senior Economist at BMO Capital Markets, joins to discuss why the Fed's breathing easier today, but why the market volatility isn't over yet. US-China trade tensions escalated, causing a slide in futures, the dollar, and oil, with investors rushing to assess the impact on companies and growth. She speaks with Bloomberg's Tom Keene and Damian Sassower.
Bonds sank alongside the dollar at the end of a chaotic week, as the intensifying US-China trade spat threatens turmoil across the global economy and the financial system. Stocks whipsawed, while fear continues to grow that foreign investors are beating a retreat from American assets.
Volatility shows little signs of abating, with concerns that President Donald Trump’s fast-evolving trade policy not only is shaking the globe but threatening the US status as the world’s safe haven. Worries that growth will be derailed sent the greenback to a fresh six-month low. Treasuries headed toward their worst week since the 2019 liquidity crisis in the market for repurchase agreements. The S&P 500 swung between gains and losses.
Not since the Covid-19 pandemic has there been this little clarity on what the outlook for economies and earnings will look like, with financial markets descending into chaos, China unleashing retaliatory measures and the US president pausing some levies only hours after they took effect.
Friday brought a fresh signal that consumers were queasy even before Wednesday’s policy shift, with a plunge in sentiment as inflation expectations soared to multi-decades highs.
With tariffs at levels now set to halt most trade between the world’s biggest economies, the concern now is that the economic fight could spill into other areas. China retaliated against Trump’s latest tariffs by hiking duties on all US goods, while calling the administration’s actions a “joke” and saying it no longer considers them worth matching.
As China hiking duties on all American goods, shares of chipmakers with US manufacturing plummeted. Tesla Inc. stopped taking orders in China for Model S sedans and Model X sport utility vehicles — both of which are imported from the US. Meantime, JPMorgan Chase & Co.’s stock traders took in a record haul, boosted by chaotic market moves set off by policy announcements.
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