Bloomberg Surveillance Bloomberg Surveillance TV: November 24th, 2025
6 snips
Nov 24, 2025 
Howard Lutnick, the U.S. Secretary of Commerce, discusses high-stakes trade negotiations with the EU, emphasizing tech investments and the national security implications of chip exports. He advocates for easing EU digital regulations and critiques the region's battery rules. Neil Dutta, a macroeconomist, shares insights on Federal Reserve policies, highlighting recession risks and rising unemployment. Dutta also speculates on the next Fed chair and connects market dynamics with monetary strategies, as they navigate a complex economic landscape.
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Target Tariffs To Ease Cost Of Living
- Prioritize lowering tariffs on everyday goods to improve consumer affordability.
- Combine tariff reductions with policies that raise incomes to create a broader affordability boost.
Chip Exports Are A Presidential Tradeoff
- Decisions on selling advanced chips to China sit with the president and weigh strategic tradeoffs.
- The key tradeoff is whether exporting chips keeps China on U.S. tech stacks or cedes advantages by withholding tech.
Confidence On IEPA And Backup Authorities
- Lutnick says he left the Supreme Court hearing confident the IEPA tariffs will prevail.
- He also notes the administration has many other trade authorities to deploy if needed.