Trump's Tariffs Go Into Effect As China Holds Fire On Immediate Retaliation | Bloomberg The Pulse
April 9, 2025
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50:07Now PlayingTrump's Tariffs Go Into Effect As China Holds Fire On Immediate Retaliation | Bloomberg The Pulse
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as posted by the channelPresident Trump's so-called reciprocal tariffs kicked in after countries failed to secure a last-minute reprieve. He imposed levies on China as high as 104% along with import taxes on roughly 60 trading partners. China held off on immediate retaliation to the new tariffs after hitting back within minutes in February and March.
Meanwhile, treasuries extended their declines and European stocks plunged after Trump hiked trade tariffs to a 100-year high. The yield on 30-year Treasuries surged to the highest since November 2023 amid growing doubts about the haven status of US sovereign bonds. Europe's stock benchmark fell more than 3%. Oil sank to a fresh four-year low.
Today's guests: Grace Peters, JP Morgan Private Bank; Amrita Sen, Energy Aspects Founder & Director; Brett Bruen, Global Situation Room President & Keyu Jin, Professor at the London School of Economics
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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