US China Trade War Heats Up; More Chip Woes

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. The Trump administration is preparing to pressure nations to curb trade with China in negotiations over US tariffs, according to people familiar with the matter. Dozens of nations are seeking reductions or exemptions from President Donald Trump’s historic import taxes. In exchange for doing so, the US is set to ask them to take steps limiting China’s manufacturing might, a bid to ensure Beijing doesn’t find avenues around Trump’s tariffs. Trump’s top economic advisers are discussing asking representatives from other nations to impose so-called secondary tariffs, essentially a monetary sanction, on imports from certain countries with close China ties, according to a person familiar with the process. The US also wants trading partners to refrain from absorbing excess goods from China, other people said. Other concessions on China may also be put on the table. Mexican officials are expecting the US to ask their country to increase tariffs on electric vehicle imports from China, according to a person familiar with the government’s thinking. Mexico’s economy ministry declined to comment. Today's show features: Caroline Freund, Dean of the School of Global Policy and Strategy at UC San Diego on US/China relations Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani & Bloomberg Technology co-host Ed Ludlow on latest Nvidia & AMD news Silvio Tavares, CEO at VantageScore on bank consumer sentiment and retail tariffs affecting credit scores and we Drive to the Close with David Harden, CIO of Summit Global Investments Hosts: Carol Massar and Tim Stenovec Producer: Sebastian EscobarSee omnystudio.com/listener for privacy information.