Bloomberg Talks

Blackstone President & COO Jon Gray discusses Tariffs, and discusses about data centers and the economy and if there is a recession in the future. Gray, speaks with Bloomberg's, Sonali Basak at Bloomberg Invest in New York.  

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Carlyle Group Inc. Chief Executive Officer Harvey Schwartz said he expects increased market volatility in the wake of President Donald Trump’s tariffs on the biggest US trading partners. He is joined by Bloomberg's Sonali Basak.

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Russia agreed to assist President Donald Trump’s administration in communicating with Iran on issues including the Islamic Republic’s nuclear program and its support for regional anti-US proxies, according to people familiar with the situation.
Trump relayed that interest directly to President Vladimir Putin in a phone call in February and top officials from his administration discussed the matter with their Russian counterparts at talks in Saudi Arabia days later, people familiar with the matter in Moscow said, declining to be identified because of the sensitivity of the issue. 
White House officials did not immediately respond to a request for comment. Neither Russia nor Iran have publicly confirmed or denied the request. 
Kremlin spokesman Dmitry Peskov said in response to questions sent by Bloomberg that “Russia believes that the United States and Iran should resolve all problems through negotiations” and that Moscow “is ready to do everything in its power to achieve this.” 
A spokesman for Iran’s foreign ministry, when asked if Russia had offered to mediate between Tehran and Washington, said only it was “natural” for countries to offer their assistance. 
“Given the significance of these matters, it’s possible that many parties will show good will and readiness to help with various problems,” the spokesman, Esmaeil Baghaei, said during a televised press conference Monday in Tehran. “From this perspective, it’s natural that countries will present an offer of help if it’s needed.” The ministry didn’t respond to questions from Bloomberg News. 
Since taking office about six weeks ago, Trump has tried to restore relations with President Vladimir Putin, which the US severed after Russia’s 2022 full-scale invasion of Ukraine. As Trump seeks to broker an end to that war directly with Putin — including a Feb. 12 phone call between the two leaders — both sides have signaled they’re open to cooperating on other geopolitical interests, including trade routes and resources in the Arctic. 
Top US and Russian officials, including Secretary of State Marco Rubio and Foreign Minister Sergei Lavrov, discussed Washington’s interest in Moscow helping with Iranian issues, during a Feb. 18 meeting in Riyadh, according to people with knowledge of the situation, asking not to be identified as not all details of those talks have been made public. 
Russia’s Lavrov later shared details about the US meeting with his Iranian counterpart Abbas Araghchi when they met in Tehran, Araghchi said in a televised press conference after the meeting.

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Lynn Martin, NYSE President discusses tariffs and a potential slower growth of the US economy amidst the DOW and S&P indexes still above pre-election levels. She is joined by Bloomberg's Sonali Basak, Katie Greifeld, and Matt Miller.

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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.     

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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. 

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Yusuf Tuggar, Minister of Foreign Affairs of Nigeria discusses the country's role in a changing global landscape as it seeks foreign investment to bolster economic gains. He spoke to Bloomberg's Caroline Hepker and Tiwa Adebayo. 

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Goldman Sachs Group Vice Chairman Robert Steven Kaplan, a former Federal Reserve Bank of Dallas president, talks about impact of Trump’s impending tariffs and the outlook for the Fed. He speaks with Bloomberg's Julie Fine in Dallas.

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Bloomberg Opinion Columnist Mohamed El-Erian discusses the event risk this week may hold due to the upcoming jobs report and Bessent and Powell speaking engagements. He speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern.

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US Treasury Secretary Scott Bessent speaks on Donald Trump's meeting with Ukrainian President Volodymyr Zelenskiy to the White House and his thoughts on tariffs. He speaks with Bloomberg's David Westin

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GJ Hart, Red Robin CEO, discusses earnings comeback with Bloomberg's Matt Miller and Sonali Basak.

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