French President Emmanuel Macron will lobby his Chinese counterpart, Xi Jinping, this week to try to avert tariffs on dairy and pork exports to China.

France has resolved some outstanding trade disagreements with China, including on Cognac, according to a French official, who spoke on the condition of anonymity. But tariffs on dairy and pork are still at risk and will be a focus of French discussions in China.

Beijing is weighing the duties as possible retaliation for the European Union’s decision last year to impose tariffs as high as 45% on Chinese-made electric vehicles, a move that was backed by Paris. French agriculture exports to China have dropped by around 20% to €3 billion, according to the French Treasury.

Read more: https://www.bloomberg.com/news/articles/2025-12-03/macron-to-press-xi-on-protecting-french-dairy-exports-to-china

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The yen just hit its weakest level against the dollar in four decades. Japan has raised interest rates and spent billions defending its currency. Yet the yen keeps sliding. Mia Glass explains why.
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Andrew Cuomo, former New York governor and co-chair of the ICE-OKX Joint Venture, joins Katie Greifeld and Isabelle Lee on “Bloomberg Crypto.” Cuomo is starting a second act: helping cryptocurrency exchange operator OKX and the owner of the New York Stock Exchange build a new business that merges digital and traditional finance markets.
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Today, Bloomberg Economics chief economist Tom Orlik discusses how long rates could feel the impact of Trump’s war with Iran. Then, Bloomberg’s Ed Ludlow breaks down the latest tech headlines as South Korean memory chipmaker SK Hynix makes official moves towards a US listing. Plus, Rudina Seseri, founder and managing partner at Glasswing Ventures, dives deeper into where the AI trade is headed as industries home in on specific AI innovation and integration. Finally, Ellen Wald, president of Transversal Consulting and Author of ‘Saudi, Inc.,’ discusses Saudi state oil producer Saudi Aramco’s move to make big reductions to its main crude oil price for buyers in Asia.

Chapters
00:00:00 Bloomberg Businessweek Daily
00:01:14 Market Update: Tech Leads After Holiday Weekend
00:02:05 Oil Prices, Saudi Arabia & Global Markets
00:04:45 Fed Outlook After the Iran Conflict
00:05:50 Bloomberg Economics on Higher Interest Rates
00:08:10 Why Central Banks Remain Hawkish
00:10:40 AI Trade Shifts to Memory Chips
00:11:40 SK Hynix’s Massive U.S. Listing
00:13:45 Is the AI Chip Boom Sustainable?
00:20:55 AI Trade Rotation & Hyperscaler Rally
00:22:25 Glasswing Ventures on AI’s Next Winners
00:24:10 AI Revenue, Enterprise Adoption & Startups
00:27:45 The Next Generation of AI Companies
00:32:35 Market Update: Tech Extends Gains
00:34:30 Saudi Aramco Cuts Oil Prices
00:36:15 Why Saudi Arabia Is Discounting Crude
00:39:10 Is Saudi Aramco Still the World’s Most Powerful Oil Company?
00:44:20 O’Reilly Automotive Drops on Acquisition Speculation
00:45:45 AMC Slides After Weak Holiday Box Office
00:46:40 Broadcom Rallies on Expanded Apple Partnership
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Indian Prime Minister Narendra Modi is in Jakarta, where he and Indonesian President Prabowo Subianto are set to sign up to eight agreements spanning defense, health, education and technology.
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