From Bloomberg Surveillance – “Tariffs and Jobs” – Henrietta Treyz on the Court’s Tariff Ruling – Sep 4th, 2025

“Tariffs and Jobs” – Henrietta Treyz on the Court’s Tariff Ruling

Henrietta Treyz, co-founder of Veda Partners, joined Bloomberg Surveillance to break down the latest policy moves in Washington.

US Tariff Negatations

Henrietta explained that a current court case questions the president’s authority under IEEPA to maintain tariffs (like those imposed on India). A ruling from the appeals court could come soon.

This political pressure is not going to go away, it's the new normal': Treyz

Fed rate cuts on the horizon? 📉 Veda Partners' Henrietta Treyz breaks down the likelihood of a September interest rate cut, the impact of new trade tariffs

One big reason why Trump may be pushing for a rate cut

President Trump is again urging Federal Reserve Chairman Jerome Powell to cut rates, posting on Truth Social, "Jerome “Too Late” Powell must NOW lower the rate... The damage he has done by always being Too Late is incalculable." Veda Partners director of economic policy Henrietta Treyz says the post suggests that Trump "knows he's living on borrowed time with the inflation that will come from his tariffs." Hear more from her in the video above.

Trump is demanding drugmakers lower prices within 60 days. Pharma experts say it’s unlikely to happen.

President Donald Trump is ratcheting up the pressure on major drugmakers to bring their US prices in line with the far lower ones available to patients in other countries — though industry experts don’t expect the pharmaceutical companies to acquiesce.