US Shutdown Risk Eases & Trump Threatens 200% tariff on EU Alcohol | Daybreak: Europe 14/03/2025

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 Senate Democratic leader, Chuck Schumer, is dropping his threat to block a Republican spending bill. The move opens the way to avoid a US government shutdown on Saturday. The European Union’s foreign policy chief has underlined the bloc’s readiness to retaliate on US tariffs, while at the same time, calling for restraint. This comes after President Trump threatened a 200% tariff on all wines, champagnes and alcoholic products from the EU if the bloc goes through with a retaliatory 50% levy on American whiskey. Meanwhile, Russian President Putin says he supports the idea of the US-brokered Ukraine truce deal but wants to discuss the details with President Trump.

Today’s Guests: Ignacio Sanchez Recarte, Secretary General of the CEEV; Viktor Hjort, Global Head of Credit, Equity and Derivatives Strategy at BNP Paribas & Periphery’s Co-Founder and CEO, Toby Wilmington

Chapters:
00:00:00 – Daybreak Europe
00:02:44 – China Shares Soar On Consumption Policy Hopes
00:05:52 – US Shutdown Latest: Schumer Won’t Block GOP Bill
00:06:40 – Markets Welcome Shutdown Risk Easing
00:07:58 – Kallas: China ‘laughing’ at US Trade Wars
00:09:06 – Tariffs Roil Markets
00:09:31 – S&P Slides Into Correction
00:11:01 – Putin Stops Short Of Endorsing Immediate Ukraine Ceasefire
00:15:43 – Lagarde Trade War Warning
00:17:07 – Ignacio Sanchez Recarte, Secretary General of the CEEV
00:23:15 – Hon Hai Earnings
00:26:25 – BMW Earnings
00:28:01 – Lutnick: Europe’s Tariff Threats Are Disrespectful
00:29:54 – Viktor Hjort, Global Head of Credit, Equity and Derivatives Strategy at BNP Paribas
00:36:31 – France Defense Spending In Focus
00:39:27 – Toby Wilmington, Periphery’s Co-Founder and CEO
00:45:05 – Dudley: Tariffs Put Fed in a Bind on Inflation, Growth
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