Bloomberg Daybreak: Europe Edition 25% US Auto Tariffs, EU Expects Double-Digit Levies & UK Tax Hike Risk
Mar 27, 2025
Kriti Gupta, a Bloomberg TV anchor, shares her insights on the implications of President Trump's recent 25% auto tariffs. She discusses the expected ripple effects on automakers, supply chains, and international relations, especially with the EU and Japan. Gupta highlights how these tariffs impact market confidence and the broader economic landscape, including the UK's financial challenges. The conversation also touches on trade negotiations, potential tax increases in the UK, and the role of AI in business transformation.
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25% Auto Tariff
- President Trump announced a 25% tariff on all imported automobiles and light trucks.
- This includes key parts like engines and transmissions, impacting integrated supply chains.
EU Expects Double-Digit Tariffs
- The EU expects double-digit tariffs on all goods from the US after failed trade talks.
- They plan a firm and proportional response if the US imposes levies next week.
US Policy Uncertainty
- US policy uncertainty under Trump is slowing mergers and acquisitions.
- Dealmakers are waiting, and Fed officials warn of declining confidence.