Tariffs Latest: Trump Says ‘Big Progress’ Made in Japan Talks | Bloomberg The Pulse 04/17
US President Donald Trump says “big progress” was made in his meeting with a Japanese trade delegation. Tokyo’s top negotiator says more talks will take place this month.
Hermes shares dropped after the French luxury-goods maker’s first-quarter sales slightly undershot analyst estimates, stoking worries that even companies exposed to the wealthiest clients could be susceptible to a slowdown in demand for high-end items. The company will increase prices in the US as of May 1 to compensate for the impact of new tariffs. Meanwhile, Taiwan Semiconductor Manufacturing Co.’s net income and gross margin beat estimates. The world’s biggest chipmaker also kept its growth outlook for 2025 on expectations of AI revenue doubling, despite growing trade worries.
Today’s guests: Nataliia Lipikhina, JP Morgan Private Bank; Isabelle Job-Bazielle, Credit Agricole; Sue Duke, LinkedIn
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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.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:36 – Powell: Prevent tariff-driven inflation
00:04:22 – Trump says “big progress” made in Japan
00:07:12 – Thursday morning movers
00:09:31 – Nataliia Lipikhina, JP Morgan Private Bank
00:16:02 – Hermes sales hurt by China weakness
00:20:05 – TSMC ADRs rise after 2Q sales forecast beats
00:23:38 – Headlines
00:24:18 – ECB poised to cut rates today
00:27:43 – Isabelle Job-Bazielle, Credit Agricole
00:34:25 – Renzi: Trump’s strategy is against globalization
00:37:27 – Bloomberg Opinion: Undoing Brexit begins with break from tyranny
00:42:20 – Sue Duke, LinkedIn
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9 Comments
they need one deal from a compliant asian country first.
everyone else is offering zero/zero.
You go president Trump! keep touting and the business communities will believe like your fox news cult disciples because we are all idiots just like you want to believe we are .🤣
Japan is a proud, nationalistic country, and they regard foreigners as barbarians or gaijin. But they realize they need to export finished products to the US, and they can use US oil and gas. So they will do what is necessary for Japan, that is, negotiate the best deal they can with the barbarians. Japan does buy a lot of US Treasury bonds, so it has a lot of leverage implicitly. I would expect other smaller Asian countries to follow Japan's lead, in particular Vietnam, Malaysia, Korea. I think Trump will talk tough and propose high tariffs, then quietly grant exemptions because the high tariffs are destructive to everyone's economy. China is acting very offended by the "barbaric" US trade behavior, and they may drag out dealing with the US. They have already shifted imports of US agricultural products like soybeans and pork, so those markets may be lost to say Brazil, Argentina and others. That is permanent, sad for US farmers. This could change in four years with a different President, but for now Trump has greatly damaged trade relations with China and Europe, which will cost us.
During Donald Trump's first term, he presided over the worst economy since 1946. The unemployment rate reached its highest level since the Great Depression. The U.S. bankruptcy rate increased by 8%, farm bankruptcies rose by 20%, and the national debt grew by 40.43%. Moody's downgraded the U.S. credit outlook from stable to negative.
Tough lesson for greedy companies dependent on export sales to America. Americans are the world's consumers. China is in collapse. Elbows up! Stay strong, lean, and profitable!
The US is used to intimidating and shoving their policies down other nations' throat… They do not know how to NEGOTIATE- they don't have that skill.
The problem with the UK is they continue to run their country just like the rest of the EU. It would have done so much better have they gotten away from that globalist mindset.
I am glad I came across Bloomberg news but I Don’t understand what she’s saying. She’s talking real fast and eating up the words. (The First Lady)
Japan offered to dump US treasuries and the US promised to back TF off.