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Trump: China's Xi 'Extremely Hard' to Do Deal With, Musk Blasts Tax Bill | Bloomberg The Pulse 06/04
President Donald Trump said in a late-night social media post that Chinese leader Xi Jinping was very tough to make a deal with, raising questions about whether a fragile economic truce between the world’s two largest economies will hold.
China and the US are at odds on a number of issues, and have yet to confirm plans for a leader-to-leader call the White House has said it expects will happen later this week. Meanwhile Trump ally Elon Musk lambasted the president’s signature tax bill as a budget-busting “abomination” as Republican fiscal hawks stepped up criticism of the massive fiscal package. The tech titan’s public condemnation pits him against the president at a critical time as Trump is personally lobbying holdouts on the bill. The remarks could stiffen resistance and delay enactment of the tax cuts and debt ceiling increase. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination,” Musk wrote in a social media post. “Shame on those who voted for it.” Musk attacked the legislation days after leaving a temporary assignment leading the administration’s Department of Government Efficiency initiative to cut federal spending.
Today's guests: Philipp Hildebrand, BlackRock Vice Chairman, Joana Rocha Scaff, Neuberger Berman Head of Europe Private Equity, Valérie Urbain, Euroclear CEO, Janet Truncale, EY CEO
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse With Francine Lacqua
00:01:27 - Philipp Hildebrand, BlackRock Vice Chairman
00:02:15 - Economists, Policymakers Assess Scale of Tariff Impact
00:06:42 - Musk Slams Tax Bill Days After Leaving White House
00:16:36 - Private Capital Players at SuperReturn
00:21:19 - Joana Rocha Scaff, Neuberger Berman Europe Private Equity Head
00:24:58 - Euroclear Says Trump Tariffs Impact Limited
00:27:13 - Valerie Urbain, Euroclear CEO
00:35:12 - UK Shifts War Footing to 'Always-on'
00:42:38 - Janet Truncale, EY CEO
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Published Jun 4, 2025
