Bloomberg News Now May 25, 2025: European Union Tariffs Delay, Trump Criticizes Putin, More
May 26, 2025
Discover the implications of Trump delaying a massive tariff on EU imports as global tensions rise amid the Ukraine conflict. Explore the legislative landscape with a noteworthy tax bill on the horizon. Dive into a game-changing partnership in the steel industry that promises 70,000 new jobs and a $14 billion boost to the economy. Plus, get insights into innovative business strategies from major players like Amazon and Verizon.
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EU Tariff Delay Explained
- President Trump delayed the imposition of a 50% tariff on EU imports to July 9th after talks with Ursula von der Leyen.
- This delay aligns with the scheduled end of a 90-day tariff pause, indicating continued negotiation efforts.
Trump Criticizes Putin's Actions
- President Trump expressed personal disappointment with Vladimir Putin's aggressive actions in Ukraine.
- He described their past on good terms and condemned the missile attacks on cities like Kiev.
US Tax Bill Faces Fiscal Concerns
- The new tax bill promises historic government spending cuts totaling over $1.5 trillion.
- However, some Republicans worry it lacks measures to reduce the US fiscal deficit.