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Trump Warns Tariffs for Electronics, Chinese Stocks Lead Global Rally | Daybreak: Europe 04/14/2025

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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, markets reacted positively as President Trump announced exemptions on phones, computers and consumer electronics from his headline tariffs on China. But he warned the reprieve is only temporary. China’s exports surged ahead of US tariffs, with near-record shipments flowing to Southeast Asia in March. Europe’s luxury sector is set to face questions on the potential fallout from US tariffs with LVMH and Moncler reporting earnings this week.

Today’s guest: Charlotte Mueller, European Chief Economist at Swiss Re.

Chapters:
00:00:00 – Daybreak Europe
00:02:19 – Goldman Cuts Targets on China Stocks for Second Time This Month
00:03:21 – Asia Stocks Pare Gains
00:04:43 – Trump Warns Tariffs Coming for Electronics After Reprieve
00:08:51 – Xi Seeks to Win Over Southeast Asia as Trump Pauses Some Tariffs
00:10:55 – Dollar Drops to Fresh Lows for the Year as Tariff Saga Rolls On
00:17:42 – Euro Zone’s Weaker Inflation Outlook Bolsters ECB Case to Cut
00:20:17 – Ukraine Says Russian Missile Strike Kills Dozens in Sumy
00:23:31 – New Green Steel Projects Plummet Since 2023
00:27:40 – Dimon Sees ‘Stormy Seas’ Ahead
00:32:15 – European Luxury Brands to Report Earnings
00:37:29 – Traders Brace for New Week of Tariff Turmoil
00:38:51 – Charlotte Mueller, European Chief Economist at Swiss Re
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How Marco Rubio Became Trump’s Unapologetic Global Envoy

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Bloomberg’s Eric Martin discusses his Big Take reporting on how Secretary of State Marco Rubio has adapted his foreign policy approach under President Donald Trump. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s “Balance of Power.”
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Context Will Be Curve Play If Fed Hikes: Markets Analysis

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Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”
——–
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Mnuchin Sees Long-Term Opportunity in Middle East

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Former US Treasury Secretary Steven Mnuchin says Middle East investment faces short-term uncertainty from the Iran conflict but argues the region remains attractive over the longer term. Mnuchin called for strict enforcement of sanctions on Iran, including potential action against Chinese banks, while saying the US and China should also seek a broader understanding on AI.

At the 2026 Qatar Economic Forum, UNGA Special Edition; Powered by Bloomberg.
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This Is a Healthy Environment for Deals, Rizzieri Says

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Jerry Rizzieri, Mizuho Securities USA president and CEO, says we’re in a healthy environment for dealmaking. He also speaks about where investment opportunities are in Japan on “Bloomberg The Close.”
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Trump Floats EU Tariffs on Canada Invite, Warsh’s Inflation Fight Calms Market

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Global bond yields retreated Thursday as the Federal Reserve’s rate hike and vow to tame inflation calmed a pressured market, leaving traders to look ahead to Friday’s key Bank of Japan decision.

President Donald Trump floated hitting goods imported from the European Union with fresh tariffs or even cutting off some trade if he determined that a push to make Canada a potential associate of the bloc was harmful to the US.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Guy Johnson.

Chapters:
00:00:00 – The Opening Trade
00:00:31 – Market Check
00:02:34 – Fed Rate Hike
00:04:39 – BOE to Hold Rates
00:06:17 – Trump Threatens EU Tariffs
00:13:18 – Kevin Warsh Hikes Rates
00:28:39 – King Charles to Meet with AI Chiefs in Scotland
00:41:42 – Dollar, Treasuries Have More Gains Ahead: MLIV
00:46:50 – Stocks to Watch: Next, Roche, Banks
01:04:32 – Goldman CEO Warns of Higher Costs
01:08:58 – Ukraine Strikes Major Oil Refinery
01:18:46 – EU Proposes Canada as First ‘Associate Member’
01:25:58 – Central Bank of Ireland Governor Gabriel Makhlouf
01:32:44 – BOE Rate Decision Due
——–
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