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Trump China Tariffs Imposed, Beijing Hits Back & Starmer's US-EU Tightrope | Bloomberg Daybreak:...
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February 4, 2025
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16:57Now PlayingYour morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) China slapped tariffs on a range of US products and announced a probe into Google moments after President Donald Trump imposed a 10% tariff on goods from Beijing, reigniting a trade war between the world’s largest economies.
(2) President Donald Trump agreed to delay 25% tariffs on Canada and Mexico for a month after both US neighbors agreed to take tougher measures to combat migration and drug trafficking at the border, warding off a continental trade war for now.
(3) Prime Minister Keir Starmer had hoped to spend Monday marking a new milestone in the UK’s much-promised reset with European Union five years after Brexit. Instead, he received a dramatic reminder of how much harder that will be with Donald Trump back in the White House.
(4) French Prime Minister Francois Bayrou forced the adoption of a 2025 budget bill by bypassing the lower house of parliament on Monday, using a constitutional provision that will likely trigger a no-confidence vote.
(5) UBS Group for the final quarter of 2024 beat expectations, aiding the Swiss bank in boosting buyback plans for this year to $3 billion. BNP Paribas announced a new share buyback and higher-than-expected dividend after a surge in trading revenue in the final months of last year lifted profit above its targets.
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