Bloomberg Daybreak: US Edition

Wisconsin and Florida Election Results; Trump's Tariff Announcement

Apr 2, 2025
Voters in Wisconsin surprised many by defeating an Elon Musk-backed candidate, illustrating the power of grassroots campaigns. In Florida, Republicans maintained their grip on House seats, although margins tightened. Meanwhile, anticipation builds around President Trump's imminent tariff announcement, which may introduce a new tiered system affecting global trade. Additionally, discussions on a tax bill hint at a potential increase in the SALT deduction, signaling significant implications for House Republicans and their constituents.
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INSIGHT

Impact of Wisconsin Election

  • Susan Crawford's win maintains the 4-3 liberal majority in the Wisconsin Supreme Court.
  • This outcome may significantly impact future rulings on abortion, labor laws, and redistricting.
ANECDOTE

Wisconsin Election Upset

  • Elon Musk spent $20 million backing Brad Schimel in the Wisconsin Supreme Court race.
  • Schimel lost to Susan Crawford, who garnered 55% of the votes.
ANECDOTE

Florida Special Elections

  • Republicans retained two Florida House seats in special elections, replacing Matt Gaetz and Mike Waltz.
  • Randy Fine won in Waltz's district, and Jimmy Patronis won in Gaetz's district, but with reduced margins.
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