Bloomberg Daybreak: Europe Edition Tariff Deadline ‘Not 100% Firm’, UK To Ban NDAs, Schroder Family Defining Moment
Jul 8, 2025
Roslyn Matheson, EMEA News Director at Bloomberg, discusses the shifting landscape of tariffs as President Trump hints at negotiations while delaying rate increases. The UK is poised to ban NDAs which silence misconduct victims, marking a significant shift in workplace rights. Matheson also addresses the impact of severe flooding in Texas on the economy and explores the storied legacy of the Schroder family amidst current financial pressures and strategic decisions regarding their business future.
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Trump's Tariff Delay and Strategy
- President Trump announced a 25% tariff on goods from Japan and South Korea and others but delayed implementation until August 1.
- This move buys time for negotiations and pressures countries to negotiate trade terms with the US.
EU's Interim Trade Deal Goals
- The EU aims to secure a preliminary deal to lock in a 10% tariff rate beyond August 1, avoiding a jump to 50%.
- It seeks exemptions for aircraft and wine sectors while negotiating a permanent agreement with the US.
UK Bans NDAs to Silence Victims
- The UK plans to ban nondisclosure agreements that silence victims of workplace harassment and discrimination.
- The ban will only apply to misconduct cases, allowing the use of NDAs for protecting commercial secrets.