Here's Why

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Here's Why

Here's Why: Where we take one news story and explain it in just a few minutes with help from our experts at Bloomberg. 

  1. HACE 11 H

    Trump Sparks a Global Trade War: Here's the Latest from Bloomberg

    President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies and doubled an existing charge on China, spurring swift reprisals that plunged the world economy into a deepening trade war.     This podcast brings you the latest details and analysis, from Nathan Hager and Karen Moskow on Bloomberg Daybreak: US Edition.     You can subscribe to the Bloomberg Daybreak podcast here:   Apple: http://bit.ly/3DWYoAN   Spotify: http://spoti.fi/45IG5LR   The US new tariffs — 25% duties on most Canadian and Mexican imports and raising the charge on China to 20% — impact roughly $1.5 trillion in annual imports, an expansive move signaling to markets that the Republican president is committed to wielding import duties to obtain fresh revenue and create domestic manufacturing jobs. Canada hit back with phased levies on $107 billion worth of US goods while China imposed tariffs of as high as 15%, mainly on American agricultural shipments. Mexican President Claudia Sheinbaum on Monday said her government would await Trump’s decision before reacting with any retaliatory measures and is expected to address reporters on Tuesday morning local time. The moves mark a new phase in Trump’s broadening economic and diplomatic reset of America’s place in the world. Confirmation of the levies lays to rest doubts the US president would actually follow through on his repeated threats to upend global economic ties to counter what he casts as imbalanced trade. “We are in a new era where the mantra is to protect markets and the US is leading in this,” said Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis. “China retaliated focusing on Trump’s staunchest voters in the agriculture sector. But that is not going to stop him.” The tariffs bring American import levies to their highest average level seen since 1943, according to the Budget Lab at Yale. That would lead to as much as $2,000 in additional costs for US households. It also will mean significantly slower economic growth in the US, especially if other countries retaliate, according to a report published Monday. And Trump has indicated more tariffs are to come, including in April reciprocal tariffs on all US trading partners that have their own levies or other barriers on American products, as well as sectoral taxes of 25% on cars, semiconductors and pharmaceuticals. Those tariffs are also poised to be cumulative — in addition to any across-the-board tariff on a particular nation. Trump has also said a 25% tariff is in the works for the European Union and is investigating levies on copper and lumber imports. Steel and aluminum tariffs are also set to take effect on March 12, further impacting Canada and Mexico.Financial markets largely took the moment the tariffs came into effect in stride — with Chinese stocks even climbing intraday. In the run-up to the deadline, though, US equities tumbled the most this year, while Treasury yields earlier fell to the lowest in four months and oil dropped to a three-month low. The Canadian government late Monday announced it will proceed with a sweeping package of counter-tariffs against US-made products. The first stage is 25% tariffs on about C$30 billion ($20.6 billion) worth of goods from US exporters to go into effect at the same time as the US levies. A second round of tariffs at the same rate will be placed on C$125 billion of products in three weeks — a list that will include big-ticket items like cars, trucks, steel and aluminum. “Canada will not let this unjustified decision go unanswered,” Prime Minister Justin Trudeau said in a statement. The retaliation plan is the same as the one he announced in February after Trump signed his executive order for broad tariffs.  See omnystudio.com/listener for privacy information.

    10 min

  2. HACE 4 DÍAS

    Here's Why 'Mar-a-Lago Accord' Chatter Has Everyone's Attention

    President Trump's unconventional policies and high-stakes manoeuvres have shaken up global trade and security, now Wall Street is wondering if the global financial system may be next. The concept has been called the "Mar-a-Lago Accord" and its aim would be to weaken the US dollar to help American exporters. But the idea faces hurdles and pitfalls, so what would be involved in a "Mar-a-Lago Accord"? Our Global Economics Correspondent, Enda Curran, joins host Caroline Hepker to discuss. See omnystudio.com/listener for privacy information.

    10 min

  3. 21 FEB

    Here's Why Trump Says He Can Get a Deal with Putin

    Talks over ending the Russian invasion of Ukraine have begun with a meeting between US and Russian officials in Saudi Arabia. Efforts to secure a ceasefire have accelerated since Donald Trump returned to the White House, and re-established contact with Vladimir Putin. How will Trump negotiate with the Russian President? Our senior writer Stephanie Baker, author of 'Punishing Putin', joins host Stephen Carroll to discuss. See omnystudio.com/listener for privacy information.

    8 min

  4. 14 FEB

    Here's Why ESG Isn't Dead Yet

    Environmental, social and governance rules have come under additional pressure since the election of Donald Trump as US President. American businesses have also called for the European Union to roll back its ESG regulations, and France and Germany have indicated they want changes too. But how far will these efforts go? Our Managing Editor for ESG Investing, Tasneem Brogger, joins host Stephen Carroll to discuss. See omnystudio.com/listener for privacy information.

    8 min

  5. 7 FEB

    Here's Why Trade Wars Are Easier To Start Than Finish

    It took just two weeks for Donald Trump to impose the first trade tariffs since returning to the White House. His move to impose levies on China, and threats to Canada and Mexico, have political and business leaders scrambling to rethink complex supply chains and assess the economic impact. But if relations improve, how easy are these measures to unwind? Bloomberg's Trade Tsar Brendan Murray joins host Stephen Carroll to discuss. See omnystudio.com/listener for privacy information.

    8 min

  6. 31 ENE

    Here's Why DeepSeek is a Wake-Up Call for AI Titans

    Chinese AI startup DeepSeek shot to global fame after the launch of its R1 chatbot, seen as a rival to the likes of ChatGPT. But how disruptive will its apparently cheaper business model be to the global tech industry? Bloomberg's Tom Mackenzie joins us to explain. See omnystudio.com/listener for privacy information.

    8 min

  7. 24 ENE

    Here's Why Trump's Executive Orders Have Limits

    Donald Trump has started his Presidency by signing dozens of executive orders, taking action in areas from energy, to immigration, to withdrawing the United States from the World Health Organization and the Paris climate accord. How powerful are these instruments, and how can they be challenged? Bloomberg White House reporter Hadriana Lowenkron joins host Stephen Carroll to explain. See omnystudio.com/listener for privacy information.

    6 min

  8. 17 ENE

    Here's Why Immigration Policy Matters So Much For The US Economy

    Immigrants have long been part of the economic success story of the United States. Many economists and business leaders credit immigration for filling vacancies across the economy, but Donald Trump and many of his allies accuse immigrants of lowering wages and taking jobs from native-born Americans. He's pledged to crack down on illegal immigration and carry out the biggest deportation plan in US history. But what would that mean for growth, inflation and employment? Bloomberg Senior Editor Derek Wallbank joins host Stephen Carroll to discuss. See omnystudio.com/listener for privacy information.

    9 min
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    Here's Why: Where we take one news story and explain it in just a few minutes with help from our experts at Bloomberg. 

    Información

    • Canal
      Bloomberg
    • Creador
      Bloomberg
    • Años de actividad
      2019 - 2025
    • Episodios
      44
    • Clasificación
      Apto
    • Copyright
      2025 iHeartMedia, Inc. © Any use of this intellectual property for text and data mining or computational analysis including as training material for artificial intelligence systems is strictly prohibited without express written consent from iHeartMedia
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    • Proveedor
      Bloomberg L.P.

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