Stocks sank and Treasuries sold off in Asia Wednesday morning, as financial markets were hit by fresh turmoil after US President Donald Trump ratcheted up the pressure on China and pledged to push ahead with sweeping global tariffs. Bloomberg Opinion's Karishma Vaswani says Washington's tariffs are driving Asian nations to strengthen cooperation with each other and consider drifting back towards China, which could erode American credibility and strategic edge in the Indo-Pacific. She joins the program to discuss her latest column.

Plus - The S&P 500 fell 1.6% as trade threats between the US and China knocked down stocks, leaving it on the brink of a bear market. Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to those tariff increases. We get reaction from Stuart Thomas, Founding Principal at Precidian Investments.

Stocks sank and Treasuries sold off in Asia Wednesday morning, as financial markets were hit by fresh turmoil after US President Donald Trump ratcheted up the pressure on China and pledged to push ahead with sweeping global tariffs. Bloomberg Opinion's Karishma Vaswani says Washington's tariffs are driving Asian nations to strengthen cooperation with each other and consider drifting back towards China, which could erode American credibility and strategic edge in the Indo-Pacific. She joins the program to discuss her latest column.
Plus - The S&amp;P 500 fell 1.6% as trade threats between the US and China knocked down stocks, leaving it on the brink of a bear market. Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to those tariff increases. We get reaction from Stuart Thomas, Founding Principal at Precidian Investments.

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

Bloomberg Daybreak: Asia Edition

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

Markets Retreat Ahead of Trump Tariff Deadline

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5b14c0ee-8826-4430-992c-b2ba0028fe39/transcript

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