Concerns over US Growth as US Tariffs Appear More Targeted
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 24th, 2025Featuring: 1) Joe Lavorgna, Chief Economist at SMBC Nikko Securities and former Trump economic advisor, on why he believes Trump's tariff initiatives will ultimately prove bullish for the US economy, won't be inflationary, and could usher in a new economic "Golden Age" in the US. President Trump is preparing to announce "reciprocal tariffs" on April 2, targeting countries that have tariffs or barriers on US goods, but excluding some nations and blocs. The tariffs are expected to take effect immediately and may strain ties with allied nations, but the administration is not planning separate sectoral-specific tariffs at the same event. 2) Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, joins for an extended discussion on fears of a US recession and the outlook for equities. Markets are still on edge ahead of Trump’s April 2 deadline to impose reciprocal tariffs on a raft of other countries, but officials familiar with the matter said the announcement is shaping up to be more targeted than previously thought. 3) Henrietta Treyz, co-founder at Veda Partners, on the latest DC headlines and Congress' role in US trade policy amid looming tariffs and updates on negotiations over the war in Ukraine. US and Russian officials met in Saudi Arabia for closed-door talks, following American and Ukrainian teams' discussions the previous day. The talks aim to achieve a ceasefire in the war 4) Stephen Trent, Analyst at Citi, discusses the outlook for individual US airlines in 2025 after recent poor guidance. American Airlines and Delta Air Lines have slashed their financial forecasts, citing a rapid reversal of demand trends and a broad weakness in consumer spending. Poor recent updates from airlines and retailers have added to market sentiment. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including young investors' favorite retirement vehicle and the advantage Duke has in the NCAA tournament.See omnystudio.com/listener for privacy information.