As of this week, the trade war between the US and China is on pause, with both sides hoping to agree on a new trade deal by early August. But questions remain about how realistic that timetable could be, given the challenges facing the world’s two largest economies, who both collaborate and compete with one another. On today’s Big Take podcast, Former US Ambassador to China Nicholas Burns joins host David Gura to discuss the trade war, the challenges facing his successor and what he’s telling foreign policy students who are worried about the future of diplomacy. “We’ve gotta steel ourselves for the next decade or two to a historic competition with China. And China right now is stronger.”See omnystudio.com/listener for privacy information.
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19:28
President Trump’s Plans to Monetize the Middle East
President Trump is wrapping a whirlwind trip to the Middle East — complete with a flurry of proposed investment deals , controversial gifts and a major shift in US-Syria policy. On today’s Big Take podcast, Bloomberg’s Joumanna Bercetche joins host David Gura to unpack the biggest headlines from the president’s tour of the Persian Gulf and discuss what they tell us about his larger plans for the region. See omnystudio.com/listener for privacy information.
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17:26
Small Towns Are Getting Hooked on ICE Detention
Like a growing number of US communities, Torrance County, New Mexico, is convinced its financial survival depends on locking immigrants up. A lucrative ICE contract keeps a private detention facility open that local politicians say the area needs. On today’s Big Take podcast, Bloomberg reporters Rachel Adams-Heard and Fola Akinnibi examine how these private facilities are becoming key to the US government’s immigration crackdown – and the financial incentives making it harder for small communities to quit them. Read more: Addicted to ICESee omnystudio.com/listener for privacy information.
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19:50
How India and Pakistan Averted War
Last week, India and Pakistan saw the worst fighting in half a century — and came close to an all-out war. But the conflict came to an uneasy and sudden halt after Donald Trump declared the two countries reached a ceasefire. On today’s Big Take Asia Podcast, Rebecca Choong Wilkins talks to Bloomberg’s Dan Strumpf about how the deadly clashes and ceasefire unfolded and the implications of US mediation in the decades-old conflict. Read more: Trump Truce Leaves India Furious, Pakistan Elated as Risks LoomFurther listening: The Rise of Modi, Part 1: Why India’s Leader Is So Popular – and Polarizing The Rise of Modi, Part 2: How India’s Leader Came Back From the BrinkSee omnystudio.com/listener for privacy information.
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17:55
Is the US-China Trade War Over?
In a stunning turn of events, the US and China announced a dramatic reduction in tariffs, which President Trump portrayed as a “total reset” with China. Stocks rose following the news, but what lies ahead once the 90-day reprieve expires remains uncertain. On today’s Big Take podcast, Bloomberg Treasury reporter Dan Flatley joins host David Gura to discuss the major takeaways from these latest negotiations and what they could mean for the world’s two largest economies. Read more: ‘Buy America’ Sweeps Across Global Markets After Trade Talks China Tariff Relief Spurs Shipping Rush, U-Turn on Price Hikes Nasdaq 100 Enters Bull Market After US-China Truce: Markets Wrap See omnystudio.com/listener for privacy information.
The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.
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