Latest news with #EMEANews
Bloomberg
27-03-2025
- Automotive
- Bloomberg
Trump Auto Tariffs Spur Market & Political Response (podcast)
President Donald Trump signed a proclamation to implement a 25% tariff on auto imports, which will come into effect on April 3, initially targeting fully assembled vehicles. Trump also suggested further tariffs would be imposed on the European Union and Canada if they worked together 'to do economic harm' to the US, and threatened levies on lumber, semiconductors, and pharmaceutical drugs. The tariffs are expected to raise prices of foreign-made cars, and even US-made vehicles may see price increases if supplies and parts are hit by levies or if supply chains are cut off from manufacturing in lower-cost countries. In this bonus episode of the Bloomberg Daybreak Europe Podcast Caroline Hepker and Stephen Carroll get the thoughts of our EMEA News Director Ros Mathieson and our Markets Live Executive Editor Mark Cudmore as well as hearing from Carl Tannenbaum, Chief Economist at Northern Trust.
Bloomberg
19-02-2025
- Business
- Bloomberg
US & Russia Appear To Want Broad Reset
US Secretary of State Marco Rubio told European allies that the US will keep sanctions on Russia in place at least until a deal to end the Ukraine conflict is reached, even as his boss, President Donald Trump, said he'll probably meet Vladimir Putin to discuss a settlement before the end of February. The push to work with Russia signaled Trump's desire to reset ties with Putin's government that were ruptured over Russia's invasion of Crimea in 2014, continued to deteriorate over a series of cyber-attacks and overseas assassinations and went into deep freeze with the invasion of Ukraine in 2022. Our EMEA News Director Rosalind Mathieson joins Stephen Carroll and Lizzy Burden on Bloomberg Radio to discuss. (Source: Bloomberg)
Bloomberg
10-02-2025
- Business
- Bloomberg
When Will Trump's New Tariffs Take Effect?
President Donald Trump plans to impose 25% tariffs on all imports of steel and aluminum into the US, broadening his trade salvo and threatening ties with some of the country's top trading partners. speaking to reporters Sunday on Air Force One, Trump said the tariffs would apply to imports of the metals from all countries. Asked whether major suppliers Mexico and Canada would be included, he said the levies would cover "everybody." He didn't specify when the duties would take effect. Trump didn't clarify whether or not imports of metal from China would face double tariffs, given he has already imposed a 10% tariff on Chinese goods. Our EMEA News Director Rosalind Mathieson joins Stephen Carroll on Bloomberg Radio. (Source: Bloomberg)
