Bloomberg Surveillance Stocks Seek Cautious Recovery as Tariff Uncertainty Lingers
39 snips
Feb 24, 2026 
Nadia Schadlow, former deputy national security advisor now at the Hudson Institute, discusses state-centric coalitions and deterrence. Douglas Irwin, Dartmouth trade historian, breaks down tariff law, legal challenges and who pays. They talk tariffs vs trade liberalism, political risk ahead of midterms, and how trade friction reshapes technology and markets.
AI Snips
Chapters
Books
Transcript
Episode notes
China Is Waiting For Stable U.S. Signals
- Beijing seeks stability in the bilateral relationship and is likely waiting to see U.S. policy intentions before retaliating.
- Irwin notes special China tariffs are negotiable but current relations resemble an uneasy truce over rare earths and trade actions.
Rebates Face Slow Process And Legal Battles
- Companies and carriers are likely to sue for tariff rebates but the administration may slow-walk refunds, creating months or years of litigation and uncertainty.
- Irwin highlights FedEx's suit and says no clear process exists for returning tens of billions in tariff revenue.
Tariff Volatility Harms U.S. Tech Leadership
- Trade frictions hinder U.S. technological leadership by disrupting global business relationships and R&D funding flows.
- Irwin warns tariffs and abrupt policy changes impede technology diffusion and the commercial partnerships that finance innovation.
