Andrew Hale, Senior Policy Analyst for Trade Policy at the Heritage Foundation, shares his thoughts on President Trump’s reciprocal tariffs announcement and states that if these tariffs are maintained the United States may get a recession and high inflation. Hale also discusses how he believes these tariffs could deter President Trump’s agenda, create victories for the Democratic party, and affect Trump’s MAGA base. Andrew Hale speaks with Kailey Leinz and Joe Mathieu on the late edition on Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Automobiles and parts were largely spared from President Donald Trump’s latest round of tariffs, a win for an industry already reeling from his escalating trade war.
Morgan Stanley paid former boss James Gorman $27 million for his work as executive chairman last year after he handed the chief executive officer reins to his successor, Ted Pick.
The Food and Drug Administration laid off staffers who run an expert panel that advises the agency on vaccines, according to people familiar with the situation.
Good morning. It’s Angus here in Sydney. Trump’s Liberation Day has arrived — here’s all you need to know to start your working day.Today’s must-reads:• Trump’s tariffs to hit Australia• Regulator raises ANZ capital requirements• Star Entertainment hangs by thread, again