Funding & Business
Trump Tariff Blitz Unleashes Delayed Shock to Global Economy
Four months after Donald Trump shocked the world and roiled markets by unveiling a placard full of tariff rates at the White House Rose Garden, his revisions unveiled Thursday generated a more subdued response among investors. But at an average of 15%, the world is still facing some of the steepest US tariffs since the 1930s, roughly six times higher than they were a year ago. Trump’s latest volley outlined minimum 10% baseline levies, with rates of 15% or more for countries with trade surpluses with the US.
Trump extended Mexico’s current tariff rates for 90 days to allow more time for trade negotiations, saying the goal now is “signing a Trade Deal somewhere within the 90 Day period of time, or longer.”
Ernie Tedeschi, Director of Economics at the Yale Budget Lab, analyzes the average tariff rate, and how the cost may be passed onto consumers. He speaks with Tom Keene and Paul Sweeney on Bloomberg Surveillance. (Source: Bloomberg)
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Justin Nedelman, Pressed Juicery CEO, says the company tested its wellness smoothie at Costco before going national and saw strong results. He tells Romaine Bostick and Katie Greifeld on “The Close” that because the company produces everything in California, it can control distribution quality. He emphasized that Pressed remains an accessible wellness brand, not a luxury brand. (Source: Bloomberg)
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Mexico City Finance Minister Juan Pablo de Botton discusses the importance of the 2026 World Cup to the local economy, and also explains why he believes US policies are pushing some would-be visitors to opt for Mexico to watch the sporting event. Minister de Botton speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily at the Bloomberg Power Players News York Summit. (Source: Bloomberg)
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Allan Thygesen, DocuSign CEO, says the company’s new AI product is seeing strong adoption among small businesses. He tells Romaine Bostick and Katie Greifeld on “The Close” that while government isn’t yet a major customer, it presents a growth opportunity.
(Source: Bloomberg)
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