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For your information, you can find below the description of the video Trump Hits Canada, China, Mexico with Tariffs; Musk's DOGE Cuts | Daybreak: Europe 02/03/2025 published by the Youtube channel Bloomberg Television:
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show,
US President Donald Trump ramped up his tariff threats to the European Union while saying he would speak with the leaders of Canada and Mexico, as stock markets sank following a hectic weekend that saw prospects for a trade war turn into reality. Canada and Mexico vowed to hit back at the US after Trump followed through on threats to impose 25% tariffs on imports of their goods. Meanwhile Elon Musk said his “DOGE team” of government efficiency enforcers is shutting down some payments to federal contractors, suggesting that the world’s richest man may have access to sensitive systems used at the US Treasury Department.
Today's guest: Pantheon Macroeconomics Senior Europe Economist, Melanie Debono.
Chapters:
00:00:00 - Daybreak Europe
00:00:15 - Trump's Tariffs Order
00:01:23 - Trump's Tariffs Set to Kick In
00:02:31 - Mexico Peso, Rand Lead EM Slump
00:05:03 - Canada, Mexico Vow Tariffs at US
00:08:06 - Trump Ramps Up EU Tariffs Threat
00:11:04 - European Stocks Exposed to Tariff Threats
00:15:00 - Treasury Yield Curve Flattens
00:18:02 - Trump Vows to Cut Off Aid to South Africa
00:21:20 - Africa Mining Indaba in Cape Town
00:23:02 - Oil Rises on Trump Crude Tariffs
00:26:09 - Investors Buy Dollars as Trade War Begins
00:28:18 - Melanie Debono, Pantheon Macroeconomics Senior Europe Economist
00:31:54 - Debono: Forecasts Two More ECB Cuts
00:37:40 - China Vows Measures Against US Tariffs
00:39:38 - Trump's Tariffs to Hit Auto Sector
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