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Trump Tariff Deadline Day: 10% Baseline; Higher for Canada, Switzerland | Daybreak Europe 8/1/2025
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August 1, 2025
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1:42
47:05Now 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, it's Tariff Deadline Day - Donald Trump sets minimum global tariffs at 10%, but raises levies on Canada to 35% and Switzerland to 39%. There's a reprieve for Mexico, which now has 90 days to continue negotiations. Global stocks extend their losses to a sixth straight session.
Plus, shares in Apple rise after it reported its fastest quarterly revenue growth in three years. But there's a cloud over Amazon, which has forecast weaker-than-expected operating income, after investing billions in AI infrastructure.
Today's guests: Thomas Buberl, AXA, CEO & Stefan Dörfler, Erste Group, CFO.
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