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Christopher Udemans
Verified
Reporter, Bloomberg News
Asia–Pacific (APAC), Cape Town
Beats
Content
By Jeremy Diamond Verified, Adrian Leung Verified, Jane Pong, Christopher Udemans Verified| Bloomberg Tax Verified For the full experience visit: Tracking Every Trump Tariff and Its Economic EffectIn a few short months, President Donald Trump has upended the $24 trillion market for global merchandise trade. In a dizzying series of announcements, he’s slapped hefty tariffs on free-trade deal partners like Canada and Mexico as well as economic rivals like China, while warning of more measures to come.
By Jeremy Diamond Verified, Adrian Leung Verified, Jane Pong, Christopher Udemans Verified| Bloomberg Law Verified In a few short months, President Donald Trump has upended the $24 trillion market for global merchandise trade. In a dizzying series of announcements, he’s slapped hefty tariffs on free-trade deal partners like Canada and Mexico as well as economic rivals like China, while warning of more measures to come. Further rattling investors, he’s also reversed course and suspended some hikes as he tries to extract concessions through threats.
By Jeremy Diamond Verified, Adrian Leung Verified, Jane Pong, Christopher Udemans Verified| Bloomberg News Verified 90% of imports from Mexico and close to 80% from Canada entered the US free of duty in 2024, of which about half as USMCA compliant. We expect most of the other half, as well as most Canadian crude oil, will be registered as compliant too.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
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Founded: 1981