Bloomberg Daybreak: US Edition Trump Tariffs On 'All Countries'; DOGE Sinking Musk's Wealth
Mar 31, 2025
President Trump is gearing up to announce new tariffs aimed at all countries, stirring concerns about global trade dynamics. Tensions rise as he threatens penalties against Russia over the conflict in Ukraine and hints at drastic measures against Iran. Meanwhile, Elon Musk reveals the hit on his wealth from his involvement with Dogecoin, linked to a significant drop in Tesla's stock. These developments highlight the intricate dance between politics, economics, and the volatile world of cryptocurrency.
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Market Drop and Trump Tariffs
- Global stock markets are declining, especially in anticipation of President Trump's tariff announcement.
- The Nikkei entered correction territory, and gold is trading at a record high.
Trump's Tariff Strategy
- President Trump initially suggested the tariffs would be targeted, but now plans to apply them to all countries.
- He aims to rebalance global trade and boost U.S. manufacturing.
Trump Threatens Russia with Tariffs
- President Trump threatened Russia with secondary tariffs on oil if a ceasefire isn't reached with Ukraine.
- He expressed anger towards Putin but later softened his tone.