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Transcripts For BLOOMBERG Bloomberg Markets Balance Of Power 20240713

Will have to be under wto rules. The second big element are commitments from the chinese on a few structural changes. Intellectual property enforcement. They will do more of it, they say. That is something they are doing already. The third element is something on currency. The chinese have long been accused of being a currency manipulator. In this agreement, they agreed to be more transparent about how they manage their currency. How they manage their currency. We will see what happens. The fourth element imports from china do to go into effect on sunday is also agreed to lower the rate on about 110 billion in imports from china that took effect september 1. That will go down from 15 to 17 point from 17. 5 to 15 immediately. Those are this is the first time we have seen President Trump rollback any tariffs, and that is a big confidence building measure. The big problem with this agreement, and we are already seeing folks point to it, including chuck schumer, is this does not address so

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