Bloomberg Daybreak: Europe Edition Trump Tariffs Coming Tomorrow, Plane Crash Black Box & Women ‘Don’t Trust BOE’
Jan 31, 2025
In this discussion with Derek Wallbank, Bloomberg's senior editor for U.S. economics and government, listeners gain insights into President Trump's plans for 25% tariffs on imports from Canada and Mexico, which have already rattled foreign exchange markets. They delve into the serious implications of these tariffs on trade and immigration while examining the tragic plane crash in Washington, D.C. Additionally, Wallbank highlights a concerning study revealing that women have significantly less trust in the Bank of England compared to men amidst rising cost-of-living pressures.
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Trump's Tariff Threat
- Trump plans to impose 25% tariffs on $900 billion worth of goods from Mexico and Canada, starting February 1st.
- Both nations have pledged to respond, potentially with retaliatory tariffs, impacting trade relations.
DC Crash Staffing Issues
- Reagan National Airport's control tower staffing was reportedly "not normal" during the crash.
- A controller was allegedly doing two jobs when the American Airlines jet hit a military helicopter, raising safety concerns.
DeepSeek's Chip Acquisition
- US officials suspect Chinese AI startup DeepSeek bypassed US chip restrictions.
- They allegedly bought NVIDIA chips through Singaporean third parties for their chatbot R1, raising concerns about circumventing regulations.