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The Unintended Consequences of Trump's Tariff Strategy
The Unintended Consequences of Trump's Tariff Strategy

Bloomberg

time6 days ago

  • Business
  • Bloomberg

The Unintended Consequences of Trump's Tariff Strategy

Subscribe to Trumponomics on Apple Podcasts Subscribe to Trumponomics on Spotify With US President Donald Trump's self-imposed Aug. 1 deadline having come and gone, trading partners across the globe are digesting what his new threatened tariffs might mean for them. Countries like the UK appear moderately pleased with their 10% rate while nations such as Switzerland are aghast at levies as high as 39%—so much that Swiss President Karin Keller-Sutter traveled to Washington to negotiate directly before they're initiated fully, which Trump promises will happen on Aug. 7. But it's early days yet in Trump's trade war, and everything from the unexpected movement of the dollar to negative jobs data and $1 trillion in trade exemptions continues to cloud the picture. On this episode of Trumponomics, we try to understand how Trump's tariffs (which, to add more complexity, an appeals court could soon rule illegal) are currently affecting US businesses, China and the rest of the world. Host Stephanie Flanders is joined Bloomberg Economics Chief US Economist Anna Wong and Bloomberg News senior correspondent Shawn Donnan to discuss it all.

The Promise and Peril of Trump's Big AI Plan
The Promise and Peril of Trump's Big AI Plan

Bloomberg

time30-07-2025

  • Business
  • Bloomberg

The Promise and Peril of Trump's Big AI Plan

On this week's Trumponomics, we discuss how the administration's vision risks isolating the US from the very global tech ecosystem it's trying to dominate. By and Stephanie Flanders Save Subscribe to Trumponomics on Apple Podcasts Subscribe to Trumponomics on Spotify President Donald Trump's recent artificial intelligence summit marked the unveiling of a sweeping and aggressive 23-page action plan aimed at establishing US dominance in the burgeoning field. The strategy emphasizes slashing regulatory red tape, fast-tracking data center construction and clearing the path for America's tech giants to move faster with fewer constraints. But as experts ask, will it work—and at what cost?

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