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Navigating the Tariffs Wave with Larry Kudlow
Global markets are moving. Trade tensions are rising. Tariffs are rewriting the rules of trade.
In today’s volatile global market, trade policies and tariffs can shift supply chains, reshape margins, and disrupt entire industries. Larry Kudlow, former Director of the National Economic Council and host of the “Kudlow Show” on the Fox Business Network, joined HSBC leaders for an exclusive webinar on what current trade dynamics mean for business leaders – and how to stay ahead of the curve.
Speaker: Larry Kudlow, Host of the “Kudlow Show” on the Fox Business Network
Host: Michael Roberts, CEO, HSBC Bank plc and CEO, Corporate and Institutional Banking, HSBC
Moderator: Gerry Keefe, Head of Banking, Europe and Americas, HSBC
Three key takeaways
(These represent views of Larry Kudlow not HSBC)
1. The bigger picture. Tariffs a strategic tool in a changing trade landscape
Kudlow argues that US President Donald Trump is a free trader and an internationalist at heart, and is using tariffs as a negotiating tool to rebalance the global trade system and create a level playing field. His view is it's important to stay focused on the administration's long-term goals.
2. Firm but amicable trade negotiations with China, Europe and others
The administration remains actively engaged in high-stakes trade talks with major partners, notably China and the EU. Trump’s approach blends firm but amicable diplomacy, seeking structural changes rather than temporary concessions. Europe and the US have deep, shared values, but Kudlow believes that Europe’s approach to tax and regulation are impacting trade relations with the US.
3. The 'One Big Beautiful Bill': Pro-growth economic agenda centred on tax reform
Kudlow's view is that the U.S. aims to attract global investment by offering the lowest business taxes, light regulatory burdens, and cheap energy. He dismissed fears of inflation or recession, arguing that government overspending, not tariffs, causes inflation.
We hope you find this insightful and valuable for your strategic planning. Please reach out to your HSBC representative if you would like to discuss further.
HSBC Trade Pulse Survey
Discover the inside view of business' sentiment in relation to a rapidly evolving global trade policy and tariffs
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