Bloomberg Daybreak: Europe Edition EU to Accept 10% US Tariff, Starmer’s Crunch Vote, US Treasury Hacks Exclusive
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Jul 1, 2025 James Walcott, Bloomberg's sharp politics reporter, dives into the shifting landscape of EU-US trade relations, focusing on the EU's agreement to a 10% tariff. He sheds light on UK Prime Minister Keir Starmer's critical welfare bill vote, which could reshape the government’s future. The discussion also touches on the implications of ongoing cybersecurity threats to the US Treasury and how they impact public trust. Walcott's insights into these political and economic tensions make for a compelling listen!
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EU Accepts 10% Tariff Baseline
- The EU is ready to accept a 10% universal tariff from the US as the baseline.
- They seek lower tariffs on key sectors like pharmaceuticals, chips, aircraft, and alcohol.
Apple Eyes AI Outsourcing for Siri
- Apple considers using AI from Anthropic or OpenAI to improve Siri, sidelining its own models.
- This move aims to catch up in the AI race, crucial for future iPhone sales.
US Treasury Cybersecurity Failings
- The US Treasury has suffered three major hacks in five years, revealing cybersecurity weaknesses.
- Departures of cybersecurity staff worsen vulnerabilities despite a $1 billion annual security budget.