The Unintended Consequences of Trump’s Tariff Strategy

With US President Donald Trump’s self-imposed Aug. 1 deadline having come and gone, trading partners across the globe are digesting what his new threatened tariffs might mean for them.  But it’s early days yet in Trump’s trade war, and everything from the unexpected movement of the dollar to negative jobs data and $1 trillion in trade exemptions continues to cloud the picture. On this episode of Trumponomics, we try to understand how Trump’s tariffs (which, to add more complexity, an appeals court could soon rule illegal) are currently affecting US businesses, China and the rest of the world. Host Stephanie Flanders is joined Bloomberg Economics Chief US Economist Anna Wong and Bloomberg News senior correspondent Shawn Donnan to discuss it all. https://www.bloomberg.com/news/articles/2024-09-24/friends-of-bls-urge-congress-to-lift-funding-for-us-labor-survey See omnystudio.com/listener for privacy information.