Trump China Tariffs to Unleash US Supply Shock; Shein, Temu Hike Prices | Bloomberg The Pulse 04/28

President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.Since the US raised levies on China to 145% in early April, cargo shipments have plummeted, perhaps by as much as 60%, according to one estimate. That drastic reduction in goods from one of the largest US trading partners hasn’t been felt by many Americans yet, but that’s about to change. By the middle of May, thousands of companies — big and small — will be needing to replenish inventories. Giant retailers such as Walmart Inc. and Target Corp. told Trump in a meeting last week that shoppers are likely to see empty shelves and higher prices. Meanwhile fast-fashion giant Shein has raised US prices of its products from dresses to kitchenware ahead of imminent tariffs on small parcels, while discount Chinese retail app Temu appears to be passing on nearly all of Donald Trump’s new import taxes to US consumers, more than doubling the cost of some products in a move that may add to concern about the inflationary impact of tariffs. Today's guests: Themos Fiotakis, Barclays FX Strategy and EM Macro Strategy Global Head, Horst Schneider, Bank of America European Automotive Research Head, Susan le Jeune d'Allegeershecque, Former British High Commissioner to Canada, Richard Madden, DC Advisory European Executive Chairman. Chapters: 00:00:00 - Introduction 00:02:08 - China to Ease Exporters' Pain Amid Tariffs 00:06:54 - Themistoklis Fiotakis, Barclays FX Strategy Global Head 00:16:50 - Mediobanca Launches €6.3B Bid for Generali Wealth Arm 00:19:30 - Horst Schneider B of A Global Research European Automotive Head 00:29:12 - Canada Votes in National Election 00:32:00 - Susan le Jeune d'Allegeershecque, Former UK High Commissioner to Canada 00:41:01 - Richard Madden, DC Advisory European Executive Chairman -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts