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, China and Canada have announced retaliatory measures against the US, after the Trump administration went ahead with tariffs.
25 percent levies are now in force on all US imports from Canada and Mexico. Tariffs on Chinese imports have doubled from 10 to 20 percent. Meanwhile, Donald Trump has paused all US military aid to Ukraine, just days after his Oval Office bust up with President Zelenskiy.
Today’s Guests: Hetal Mehta, Head of Economics Research at St James’s Place & Naveen Rao, Vice President of AI at the data and AI company Databricks.
Chapters:
00:00:00 – Bloomberg Daybreak: Europe
00:02:43 – China, Canada retaliate on US tariffs
00:06:51 – Trade tension in the markets
00:08:22 – Asian markets react to Trump’s tariffs take effect
00:10:27 – China retaliates against US tariffs
00:15:18 – Aramco cuts world’s biggest dividend in blow to Saudi budget
00:17:39 – Trump pauses military aid to Ukraine
00:21:24 – Aramco cuts world’s biggest dividend in blow to Saudi budget
00:24:23 – Headlines
00:26:53 – Canadian FM: Canada ready to retaliate to US Tariffs
00:29:46 – Hetal Mehta, St. James’ Place Economic Research Head
00:38:06 – Naveen Rao, Databricks AI VP
00:45:34 – Tariff reactions in the FX market
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News post in March 4, 2025, 12:06 pm.
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