Trump Vows More Tariffs; Israel, Hezbollah Closer to Deal | Horizons Middle East & Africa 11/26/2024

US President-elect Donald Trump has threatened more tariffs on China, Canada, and Mexico, citing concerns over migrants and illegal drugs. Also on the show: Israel and Hezbollah are inching closer to signing a cease-fire deal that may be concluded in the coming days; Nigeria’s GDP grew more than expected in 3Q; Bloomberg has learned Qualcomm’s interest in buying Intel has cooled; oil prices remain under pressure after Donald Trump’s threats to slap further tariffs on Canada, Mexico and China, sent the dollar higher; debate over a potential US rate cut in December is ramping up; Israel’s central bank has left interest rates unchanged at 4.5% as it weighs a war-related economic slowdown as well as quickening inflation; Zimbabwe’s chief debt negotiator is pushing to clinch a restructuring deal before his term as president of the African Development Bank concludes; G-7 nations are set to increase pressure on China for allegedly supporting Russia in its war against Ukraine; Thyssenkrupp’s steel unit is planning to reduce its labor force by about 40% this decade. Guests include:
Manpreet Gill, Standard Chartered Wealth Management, CIO for Africa, Middle East and Europe; David Wood, International Crisis Group, Senior Lebanon Analyst; Ebru Pakcan, Citi, Head of Middle East and Africa Cluster; Shmuel Abramzon, Israeli Finance Ministry, Chief Economist; Bongo Adi, Lagos Business School, Professor of accounting, economics and finance.

00:00:00 Horizons Middle East & Africa
00:03:36 Trump vows more tariffs on China, Mexico, and Canada
00:06:10 Manpreet Gill, Standard Chartered Wealth Management, CIO for Africa, Middle East and Europe
00:12:25 Israel, Hezbollah on the cusp of cease-fire deal
00:15:11 David Wood, International Crisis Group, Senior Lebanon Analyst
00:25:58 Resurgent services boost Nigeria’s GDP
00:29:24 Ebru Pakcan, Citi, Head of Middle East and Africa Cluster
00:35:04 Qualcomm’s takeover interest in Intel said to cool
00:38:26 Oil under pressure on Trump tariffs threats
00:42:11 Kashkari: Dec. cut a ‘reasonable debate’
00:49:58 Trump vows more tariffs on China, Mexico, and Canada
00:52:30 Trump roils markets with tariff threats
00:56:20 bIsrael, Hezbollah on the cusp of cease-fire deal
00:59:29 Shmuel Abramzon, Israeli Finance Ministry, Chief Economist
01;06;16 Kashkari: Dec. cut a ‘reasonable debate’
01:12:59 Zimbabwe’s debt negotiator pushing for a deal
01:16:15 Bongo Adi, Lagos Business School, Professor of accounting, economics and finance
01:22:19 G-7 poised to boost pressure on China over Russian support
01:25:38 Thyssenkrupp’s steel unit to cut 11,000 jobs
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