Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyApril 3rd, 2025
Featuring:
1) Doug Irwin, professor at Dartmouth University, on the reset of the global trade order and whether countries will just move on without the US. The tariffs are expected to have significant economic implications, including higher US prices, slower growth, and possibly even a recession, with many countries likely to end up in a recession if the tariff rate stays on for an extended period of time. Ed Yardeni, president at Yardeni Research, talks about lowering his S&P target yet again and whether there's more even more market risks now that tariffs have been announced. Global financial markets experienced a sweeping selloff after President Trump's bid to remake the world trading order proved more aggressive than expected. The tariff announcements threaten to extend the S&P 500's recent weakness.
2) Bob Michele, CIO: Fixed Income at JPMorgan Asset Management, on signals from the bond market in the US and whether a recession is now likely. Gold hit new highs amid investors’ flight to haven assets on the tariff announcement, while 10-year Treasury yields dropped to the lowest level in more than five months and the yen strengthened. 
3) Tina Fordham, founder at Fordham Global Foresight, discusses President's Trump's geopolitical reset and America "going it alone." President Trump's move marks a dramatic escalation in Trump's trade war, sparking threats of retaliation from other countries and causing a selloff in global financial markets.
4) Elizabeth Economy, professor at Stanford University, talks about China getting hit hard by Trump's tariffs and whether they affect China's geopolitical strategy is being reshaped by Trump's approach. China has vowed to retaliate against Donald Trump's tariffs, which have increased by 34%, putting the world's largest economies on a collision course that risks decimating bilateral trade and upending supply chains.

Watch Tom and Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg Surveillance hosted by Tom Keene &amp; Paul SweeneyApril 3rd, 2025 Featuring: 1) Doug Irwin, professor at Dartmouth University, on the reset of the global trade order and whether countries will just move on without the US. The tariffs are expected to have significant economic implications, including higher US prices, slower growth, and possibly even a recession, with many countries likely to end up in a recession if the tariff rate stays on for an extended period of time.&nbsp;Ed Yardeni, president at Yardeni Research, talks about lowering his S&amp;P target yet again and whether there's more even more market risks now that tariffs have been announced. Global financial markets experienced a sweeping selloff after President Trump's bid to remake the world trading order proved more aggressive than expected. The tariff announcements threaten to extend the S&amp;P 500's recent weakness. 2) Bob Michele, CIO: Fixed Income at JPMorgan Asset Management, on signals from the bond market in the US and whether a recession is now likely. Gold hit new highs amid investors&rsquo; flight to haven assets on the tariff announcement, while 10-year Treasury yields dropped to the lowest level in more than five months and the yen strengthened.&nbsp; 3) Tina Fordham, founder at Fordham Global Foresight, discusses President's Trump's geopolitical reset and America "going it alone." President Trump's move marks a dramatic escalation in Trump's trade war, sparking threats of retaliation from other countries and causing a selloff in global financial markets. 4) Elizabeth Economy, professor at Stanford University, talks about China getting hit hard by Trump's tariffs and whether they affect China's geopolitical strategy is being reshaped by Trump's approach. China has vowed to retaliate against Donald Trump's tariffs, which have increased by 34%, putting the world's largest economies on a collision course that risks decimating bilateral trade and upending supply chains.

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Listen for the latest in finance, economics and investment. Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern bring you interviews from Bloomberg Surveillance Television. Join Tom Keene and Paul Sweeney for the best conversations from Bloomberg Surveillance Radio.&nbsp; Watch Surveillance TV LIVE each mornings: <a href="http://bit.ly/3P7nstQ">http://bit.ly/3P7nstQ</a>. Watch Surveillance Radio LIVE weekday mornings: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>.&nbsp;

Tom Keene and Paul Sweeney have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment.

Bloomberg Surveillance

Trump Tariffs Reshape Global Trade and Geopolitics

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3b592b84-f771-4d2c-846f-b2b400f48878/transcript