Day: February 3, 2025

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins. On today’s show,
US President Donald Trump ramped up his tariff threats to the European Union while saying he would speak with the leaders of Canada and Mexico, as stock markets sank following a hectic weekend that saw prospects for a trade war turn into reality. Canada and Mexico vowed to hit back at the US after Trump followed through on threats to impose 25% tariffs on imports of their goods.

Today’s guest: Pantheon Macroeconomics Senior Europe Economist, Melanie Debono. (Source: Bloomberg)

U.S. President Donald Trump’s tariffs are here. Inflation, seemingly stuck, might find it more difficult to recede, and markets could face an uphill climb.

The billionaire said the agency was being shut down hours after President Donald Trump said it was being run by “a bunch of radical lunatics.”

By Jarrett Renshaw, Daphne Psaledakis and David Lawder WASHINGTON (Reuters) -President Donald Trump said the sweeping tariffs that he has imposed on Mexico, Canada and China may cause “short term” pain for Americans as global stock markets tumbled on concerns the levies will spark an economically damaging trade war. Trump said he would talk on Monday with the leaders of Canada and Mexico, which

Tech billionaire Elon Musk said Monday that he and President Donald Trump were in the process of shutting down the USAID, escalating their war on the federal bureaucracy.