US and China will temporarily lower tariffs on each other’s products in a dramatic ratcheting down of trade tensions that buys the world’s two largest economies three months to work toward a broader agreement. The combined 145% US levies on most Chinese imports will be reduced to 30% including the rate tied to fentanyl by May 14, while the 125% Chinese duties on US goods will drop to 10%, according to a joint statement and from officials in a briefing Monday in Geneva.
Today’s guests: Wei Li, BlackRock Global Chief Investment Strategist, Odile Renaud-Basso, EBRD President, Kyriakos Pierrakakis, Greek Finance Minister.
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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
00:01:32 – US, China Agree to Lower Tariffs in 90-Day Cool-Off Period
00:03:56 – Stocks Jump as US, China Cut Tariffs
00:07:56 – Wei Li, BlackRock Global Chief Investment Strategist
00:12:49 – Trump Truce Leaves India Furious, Pakistan Elated as Risks Loom
00:15:53 – ABC Report: Trump May Accept Qatar Jet as Gift
00:18:01 – EBRD to Expand Into Benin, Ivory Coast, Nigeria
00:19:53 – EBRD President Odile Renaud-Basso
00:26:22 – Trump Heads to Mideast Seeking Investments
00:29:34 – UniCredit Profit Beat Boosts Orcel
00:31:30 – Trump Vows US Drug Price Cuts of Up to 80% in Industry Blow
00:34:14 – Kurdish PKK Fighters to Disband
00:38:07 – Kyriakos Pierrakakis, Greek Finance Minister
00:46:39 – EU Plans Defense Spending Boost
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