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Trump's New Tariffs On Pharmaceuticals, Trucks & Kitchen Cabinets | Daybreak Europe 9/26/2025
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September 26, 2025
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46:59Now 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, pharma stocks in Asia fall after the US President said 100% tariffs on branded drugs will come into force on October 1. Levies will also be imposed on heavy trucks, kitchen cabinets and upholstered furniture.
Big revisions to US data show second quarter GDP growth was higher than previously reported, on the back of strong consumer spending. It suggests the balance of risks to the Fed's dual mandate could be shifting back towards inflation.
Plus, Bloomberg learns that European officials have warned the Kremlin they will shoot down Russian jets, but the head of NATO tells us the alliance can't afford to keep downing drones with expensive missiles.
Today's guests: Christian Schulz, Allianz Global Investors, Chief Economist & Rachel Delacour, Sweep, Co-Founder & CEO.
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