Trump to Hike China Tariffs, Hit Canada and Mexico on March 4 | Daybreak: Europe 02/28/2025

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 said he would impose additional 10% tariffs on imports from the country, adding to fears of an expanding trade war between the world’s two biggest economies. Beijing has vowed to impose ‘all necessary countermeasures’. It comes after Trump said the 25-percent tariffs on Canada and Mexico are on track to take effect next week. Ukrainian President Volodymyr Zelenskiy is visiting the White House today. Meanwhile, UK Prime Minister Keir Starmer left his meeting with Trump with much to be satisfied about despite falling short of securing a US military ‘backstop’ to protect Ukraine.

Today’s Guests: Tatjana Griel Castro, Public Markets Co-Global Head of Muzinich & Co, Executive Director of the International Trade Centre, Pamela Coke-Hamilton, Ralf Gulde, the co-founder and CEO of Sereact.

Chapters:
00:00:00 – Daybreak Europe
00:00:15 – Stocks Stung by Trumpā€™s New Tariffs, Havens Rally
00:00:34 – Zelenskiy to Make US Visit
00:01:48 – Traders Shun Risky Bets
00:09:25 – Trump to Hike China Tariff, Hit Canada and Mexico on March 4
00:12:04 – Starmer Charms Trump on Trade, But Ukraine Questions Loom
00:16:51 – Tatjana Griel Castro, Public Markets Co-Global Head of Muzinich & Co
00:22:44 – Tariffs May Benefit US Steel Production
00:25:42 – US PCE Seen Cooling
00:28:09 – Trump Dials up Tariff Threats
00:28:33 – Trump Moves Ahead With Tariff Threats
00:29:27 – Pamela Coke-Hamilton, Executive Director of the International Trade Centre
00:29:31 – Trump Softens Tone on Zelenskiy, But Not on Backing for Ukraine
00:41:36 – Gulde: Want to Make Metal Intelligent
00:42:18 – Ralf Gulde, co-founder and CEO of Sereact
00:44:15 – Schmid: Inflation ‘a Bit Sticky’
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