Bloomberg Daybreak: Europe Edition3 Kesä

Tariffs Make Comeback, Europe Tech Sovereignty, How To Make $76bn

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US is proposing new tariffs of at least 10% on imports from 60 trading partners following an investigation into goods allegedly produced by forced labor, as President Donald Trump seeks to rebuild the sweeping tariff wall struck down by the US Supreme Court.

(2) The EU will set out on Wednesday how the 27-country bloc hopes to slash its dependence on American and Asian technology, and favour European digital alternatives.

(3) British members of parliament are calling on the government to end a major deal with Palantir Technologies Inc. and disclose more details of a military contract with the company, as UK political tension involving the controversial data firm ramps up.

(4) SpaceX aims to sell 555.6 million shares at $135 apiece for its record-breaking $75 billion ⁠initial public offering, Reuters reported, citing an unidentified person familiar with the matter.

(5) A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway.

(6) Vitol’s top executive in the Middle East said that many Western governments still aren’t reckoning with the oil supply crunch that’s rippling around the world due to the blockade of the Strait of Hormuz.

(7) Revolut is aiming for a near-$200 billion initial public offering within the next two years, which could hand its founder and CEO Nikolay Storonsky around $76 billion in stock.

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