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Trump's 50% Metal Tariffs & Musk Blasts US Tax Bill | Daybreak Europe 06/04/2025
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June 4, 2025
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47:17Now PlayingBloomberg 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, President Trump's order doubling steel and aluminium tariffs to 50-percent is now in effect. But for now, UK steel tariffs will remain at 25%. The White House says the move will help protect American jobs and domestic industries.
Meanwhile, Elon Musk has blasted President Trump's signature tax bill as a "budget-busting abomination" in a public clash with the US leader following his departure from the administration.
The White House has confirmed President Trump will attend the upcoming NATO summit at The Hague on at the end of this month.
Bloomberg has learned that UK Prime Minister Keir Starmer is considering a Ministry of Defence request to back NATO's proposed new military spending target of 3.5% of national output by 2032.
Today's guests: David Hirschmann, Permira Credit Co-Head
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