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Market Selloff on Trade Turmoil Continues; Trump Holds Firm on Tariffs | Bloomberg Brief 04/07/2025

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April 7, 2025

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Stocks around the world sell off as President Trump and his closest advisors insisted that tariffs wouldn't budge until financial deficits with trading partners came down. Oil plunges further on Aramco slashing its Arab light crude prices. A pullback from the White House or some commentary from the Fed may give the market some relief from the turmoil, says Iain Stealey of JPMorgan. Alastair Pinder from HSBC doesn't see much pricing power among US corporates in the face of tariffs. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.

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President TrumpWhite HouseIain StealeyJPMorgan Alastair PinderBloomberg BriefFront Page NewsMarkets LikeBloomberg Markets

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