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Witkoff, Putin Envoy Meet in Washington as Trump Grows Impatient
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US special envoy Steve Witkoff and a Russian negotiator met on Wednesday and Thursday in Washington, days after US President Donald Trump expressed frustration with Vladimir Putin over the lack of momentum on negotiations toward a ceasefire in the Ukraine war.
Asia Bears Brunt of Trump Tariffs, Needs to Ease, Economists Say
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Asia is bearing the brunt of new US tariffs which will drag on regional growth through weaker business investment and sentiment, requiring central banks to step in with more interest-rate cuts, economists reckon.
Short Term Pain, Long Term Gain: Rep. Burchett on Tariffs
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Rep. Tim Burchett (R) Tennessee discusses the market & economic reaction following President Trump's reciprocal tariffs unveiling, and says there will be some short time pain, but in the long term it will be positive. He talks about how these tariffs may benefit Americans, why the President rather than Congress is working on trade policy, and if he will vote for the Senate's budget plan. Rep. Burchett speaks with Kailey Leinz and Joe Mathieu on the late edition on Bloomberg's "Balance of Power." (Source: Bloomberg)
NY Governor Hochul on Economic Impact of Trump's Tariffs
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New York Governor Kathy Hochul discusses the economic impact of the Trump administration's tariffs. Speaking on "Balance of Power," Hochul calls the tariffs a "tax increase" and an "unforced error." (Source: Bloomberg)
UK Gets Mixed Signals From US on Whether 10% Tariff Is Permanent
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US officials have told their UK counterparts they’ll discuss Britain’s proposal to reduce tariffs below 10%, but warned them President Donald Trump may decide that number is his permanent baseline for all countries, according to British officials familiar with the matter.
Tech Stocks Sell Off Amid Tariff Backlash | Bloomberg Technology
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Bloomberg’s Caroline Hyde discusses how investors are reacting to tariffs as the magnificent seven and other tech names drop. Mark Mahaney, Evercore ISI managing partner, explains the global impact tech firms could face in a trade war. And Sowmyanarayan Sampath, Verizon Consumer Group CEO, on how consumers could be hit by tariffs. (Source: Bloomberg)
Where Trump Sees Tariff Boom, Many Economists See Gloom
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This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, US economy editor Matthew Boesler looks at the cloudy forecast from economists after new tariffs were rolled out. Sign up here and follow us at @bpolitics. Email our editors here.
Will Rue The Day of Tariff Unveiling: Broadman on Trump
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Harry Broadman, Former Chief of Staff for the White House Council of Economic Advisers during the George H. W. Bush Administration, weighs in on President Trump's reciprocal tariffs announcement stating the President has "made a drastic mistake in choking off economic growth." Broadman discusses the Republican party in favor of tariffs, if there are any positives from this announcement for the American worker, and President Trump needing to unveil a plan on restoring the American economy. Harry Broadman speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Copper Price To Fall Sharply: Citigroup's Layton
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Copper, aluminum, and zinc have gone down since President Donald Trump's announcement of new tariffs. Citigroup Global Head, Commodities Research Max Layton explains the implications the tariffs may have on commodities. He speaks with Vonnie Quinn on "Bloomberg Markets." (Source: Bloomberg)
Fed’s Cook Sees Slower Growth, Stall in Inflation Amid Tariffs
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Federal Reserve Governor Lisa Cook said she sees slower economic growth this year and stalled progress on lowering inflation amid tariffs and other policy changes, but that policymakers should hold interest rates steady for now.
Pentagon Watchdog to Investigate Signal Chat on Houthi Attack
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The Pentagon’s inspector general will conduct an investigation of the Signal group chat where Defense Secretary Pete Hegseth and other Trump administration officials discussed details of an impending attack on Houthi militants in Yemen.
Musk’s White House Role Is Ending But His Influence Will Remain
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Elon Musk is expected to step back from his role leading the Department of Government Efficiency once his 130-day period as a temporary adviser to President Donald Trump has lapsed, but the billionaire will still wield significant influence over the federal cost-cutting effort and remain a Trump confidant after his formal departure, according to people familiar with the matter.