Bloomberg Daybreak: Europe Edition Trump, Starmer Talk Trade & China AI Breakthrough Roils Markets
Jan 27, 2025
Keir Starmer and Donald Trump reintroduced trade discussions, signaling a meeting soon. British businesses are facing their worst profit warnings since the pandemic. In an unexpected twist, Colombia has agreed to Trump’s immigration terms. Germany’s upcoming election heats up as migration becomes a hot topic, with Elon Musk backing the far-right AfD party. Meanwhile, Chinese AI startup DeepSeek is stirring concern in the tech sector, challenging the dominance of American firms like Nvidia with its innovative and affordable models.
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Trump and Starmer Talk Trade
- President Trump and UK Labour leader Keir Starmer discussed trade and the Middle East in their first call since Trump re-entered office.
- Trump called their relationship "very good," despite Starmer's differing political views.
Trump's Tariff Tactics
- President Trump threatened Colombia with tariffs, then quickly withdrew the threat after they agreed to accept deported migrants.
- This shows Trump's willingness to use tariffs as leverage, even with allies.
German Political Tensions
- Germany saw protests against the far-right AfD party and the CDU's migration crackdown.
- Elon Musk voiced support for AfD, urging Germans to move past "past guilt," sparking controversy.