Bloomberg Daybreak: Europe Edition Trump Says China Deal 'Possible', Leaders Vouch for Zelenskiy & Half UK Expects Economy To Worsen
Feb 20, 2025
US President Trump hints at a possible trade deal with China, aiming to ease tensions. The EU is also considering cutting tariffs on imports to prevent a trade war with the US. In political news, UK leader Keir Starmer backs Zelenskiy amid rising global tensions, while South African President Ramaphosa calls for reform of global institutions skewed towards the West. Meanwhile, concern grows in the UK as households face economic uncertainty under a new Labour government, with rising costs affecting consumer confidence.
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Potential China Trade Deal
- Donald Trump signaled openness to a new trade deal with China, praising the Chinese president.
- This comes after imposing tariffs and hinting at new global tariffs on various imports.
EU Tariff Discussions
- The EU is ready to discuss lowering car tariffs on US imports to avoid a trade war.
- The EU's tariffs are 10%, compared to 2.5% in the US.
Leaders Support Zelensky
- UK and French leaders called Zelensky to reaffirm support after Trump called him a "dictator".
- They plan to visit Washington next week.