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Japan Tariff Relief, Gold Tariff Surprise; Trump's New Fed Governor | Daybreak Europe 8/08/2025
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August 8, 2025
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46:31Now 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, Japan leads a rally in Asian stocks, after its chief trade negotiator said US tariffs won't be stacked after all. Gold spikes in New York on a report by the Financial Times, that the US has imposed tariffs on imports of 1kg gold bars. The surprise levy is a blow to Switzerland, a big exporter of gold to the US.
Also on the programme, Donald Trump names Stephen Miran, Chair of the Council of Economic Advisers, as his pick to replace Adriana Kugler on the Federal Reserve Board.
Today's guest: Kristin Bakke, University College London, Professor of Political Science & International Relations.
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