Welcome to The Hill's Business & Economy newsletter{beacon} Business & Economy Business & Economy   The Big Story  Trump’s sit-down with Bloomberg Former President Trump sat down Tuesday with the editor-in-chief of Bloomberg News for a wide-ranging and at times confrontational interview. © AP Photo/Evan VucciThe interview was an opportunity for Trump to speak to businesspeople, a crowd he appeared comfortable with as polls show voters trust him more on the economy than Vice President Harris.  Trump clashed with Bloomberg’s John Micklethwait over the impacts of tariffs that Trump has pledged to wield aggressively if elected in November.    The former president has for months vowed to impose sweeping tariffs on imports and U.S. companies that outsource manufacturing. But Tuesday marked a rare instance where he faced real-time pushback over the potential consequences.   Micklethwait noted Trump’s plans would essentially halt trade with China, place at least a 10 percent tariff on European nations and drastically impact the U.S. economy, where 40 million jobs rely on trade.   “It’s going to have a massive effect — positive effect. It’s going to be a positive effect,” Trump responded. “It must be hard for you to spend 25 years talking about tariffs as being negative and then have somebody explain to you that you’re totally wrong.”    Micklethwait argued that the gravest risk with tariffs would be on foreign policy, essentially hitting allies with economic penalties.   “How does it help you take on China turning all of your allies against you?” he asked.    Trump was unmoved.   “Tremendously, because China thinks we’re a stupid country,” Trump said. “They can’t believe somebody finally got wise to them.”  The Hill’s Brett Samuels has more here.  Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:  5 takeaways from Trump’s Bloomberg interviewFormer President Trump on Tuesday sat down with the editor-in-chief of Bloomberg News for an expansive and at times confrontational interview.  Full Story  Bloomberg editor: Harris declined interview on economyVice President Harris has “so far declined” an invitation to talk about her economic agenda with the Economic Club of Chicago and Bloomberg News, one of the outlet’s editors said Tuesday.  Full Story  Coca-Cola recalls ‘zero sugar’ lemonade after it’s found to contain full sugarCoca-Cola has recalled thousands of cans of Minute Maid Zero Sugar Lemonade that were improperly labeled and actually contained the regular formula of lemonade with 40 grams of sugar, according to the Food and Drug Administration (FDA).  Full Story  SBA disaster loan program is out of money, says Biden President Biden said on Tuesday that a key federal program that provides disaster loans to businesses and homeowners is tapped out on funds in the aftermath of back-to-back hurricanes.  Full Story   The Ticker  Upcoming news themes and events we're watching: The National Association of Home Builders and Wells Fargo’s housing market index for October is set for release Wednesday at 10 a.m. E.T.   In Other News  Branch out with more stories from the day:US retail trade group expects holiday season sales to grow more slowly NEW YORK (AP) — The largest retail trade group in the United States said Tuesday that it expects consumers … Full Story   Good to Know  Business and economic news we've flagged from other outlets: Dow closes 300 points lower, retreating from record; Nvidia drags down Nasdaq (CNBC) Walgreens to close 1,200 stores as US pharmacies struggle to define a new role (The Associated Press)  Some Social Security beneficiaries will get an extra November check (CBS News)  What Others are Reading  Top stories on The Hill right now: Forget the polls: Cultural signs point toward a Harris victory Between now and Election Day, the voters will be inundated with polls attempting to forecast the election outcome. That answer intrigues all of us.  Read more Massive meat recall includes hundreds of products sold at Walmart, Target, more Check your fridge and freezer: A massive meat recall linked to possible listeria contamination has impacted hundreds of ready-to-eat meals sold at major grocery store chains across the U.S., including Walmart, Trader Joe’s and Target. Read more  What People Think  Opinion related to business and economic issues submitted to The Hill: At $1 trillion, Biden-Harris the most wasteful administration ever   You're all caught up. See you tomorrow!  Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Business and Economy newsletter Subscribe