Bloomberg Daybreak: US Edition Trump Tariff Global Reaction; Trump Backs Away from Criticizing Putin
Apr 1, 2025
Derek Walbank, a senior editor at Bloomberg News with expertise in economic policies, discusses President Trump's upcoming tariff announcement, described as a 'liberation day' for the nation. He delves into the global reactions, particularly from European leaders concerned about trade implications. The conversation shifts to Trump's unpredictable stance on Putin and Zelenskiy, highlighting a complex political landscape. Additionally, they touch on the looming fears of a recession and its impact on tech stocks amid rising tensions in various sectors.
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Trump's Tariff Plan
- President Trump's tariff plan aims to address unfair trade practices.
- The tariffs will be country-based, without initial exemptions.
Global Tariff Reactions
- Global reactions to Trump's tariff plan include concern from the EU.
- The EU is considering retaliatory options like restricting trade.
Trump, Putin, and Ukraine
- President Trump is softening his criticism of Putin regarding Ukraine.
- He's now accusing Ukraine's President Zelensky of altering a minerals deal.