US President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal. “It will come down substantially but it won’t be zero,” Trump said Tuesday in Washington, following earlier comments from Treasury Secretary Scott Bessent that the standoff was unsustainable. Trump added that “we’re going to be very nice and they’re going to be very nice, and we’ll see what happens.”
US stock futures also advanced and the US dollar strengthened after Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank not moving more quickly to slash interest rates. “Never did,” Trump told reporters on Tuesday. “The press runs away with things. No, I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates.”
Today’s guests: Mohit Mittal, Pimco; Fatih Birol, International Energy Agency Executive Director; Bill Browder, Hermitage Captal, Co-founder & CEO
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:41 – Trump floats cutting tariff rates on China
00:02:45 – Mohit Mittal, Pimco
00:07:42 – Elon Musk to focus more on Tesla
00:16:10 – Fatih Birol, International Energy Agency Executive Director
00:23:07 – Headlines
00:24:07 – Mubio to skip Ukraine talks in London
00:26:21 – Bill Browder, Hermitage Captal, Co-founder & CEO
00:33:54 – IMF Chief warns of recession risk
00:35:02 – Deepak Chopra, "Digital Dharma" author
00:39:32 – BBVA CFO on "Bloomberg: Chief Future Officer"
00:41:26 – Musk: Will advocate "far more time" for Tesla
00:44:32 – SAP profits top estimates
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