Bloomberg Daybreak: Asia Edition US-China Reignites Trade Tensions, Powell Signals Another Cut
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Oct 15, 2025 Sandra Swirsky, Founder and CEO of Integer, discusses escalating U.S.-China trade tensions, especially President Trump's threat regarding cooking oil—a move seen as retaliation for China's soybean sanctions. She elaborates on supply chain shifts, including Apple's expansion in Vietnam and potential inflation impacts from rising tariffs. Rob Williams, Managing Partner at Sage Advisory Services, analyzes recent bank earnings, noting consumer credit quality concerns and the Fed's likely rate cut. He touches on market dynamics amidst economic uncertainties and alternative data tracking.
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Supply Chains Are Shifting For Resilience
- Companies are diversifying supply chains away from China to reduce risk and reliance.
- Sandra Swirsky notes alternatives like Vietnam and Australia won't fully replace China quickly.
Tariffs Could Finally Hit Consumers
- Tariffs initially were absorbed by businesses, muting consumer pain earlier in the year.
- Swirsky warns very high tariffs may now be passed to consumers and pinch prices into the holiday season.
Fed Faces A Dual Pressure Point
- Weakening labor-market signals are tilting expectations toward Fed rate cuts later this year.
- But the Fed must balance that with rising tariff-driven inflation risks, a tough policy trade-off.