Trump Wants More 25% Tariffs, Russia Sanctions & HSBC Cost Cuts | Bloomberg Daybreak: Europe Edition
February 19, 2025
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20:36Now PlayingTrump Wants More 25% Tariffs, Russia Sanctions & HSBC Cost Cuts | Bloomberg Daybreak: Europe Edition
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as posted by the channelYour morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the president’s trade war.
(2) Secretary of State Marco Rubio told European allies that the US will keep sanctions on Russia in place at least until a deal to end the Ukraine conflict is reached, even as his boss, President Donald Trump, said he’ll probably meet Vladimir Putin to discuss a settlement before the end of February.
(3) Top officials from the US and Russia met for a first round of talks over the war in Ukraine and raised the possibility of broader cooperation, signaling President Donald Trump desire to reboot a battered relationship.
(4) Hamas said it’s ready to exchange its remaining Israeli hostages all at once with Palestinian prisoners during the Gaza truce’s second phase as a step leading to a “permanent ceasefire” and the full withdrawal of Israel’s forces from the enclave.
(5) HSBC will incur $1.8 billion in costs over the next two years as it embarks on a global restructuring program that has seen the lender shutter some of its businesses and slash management ranks.
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