Trump Defends Tariffs, Attacks Chips Act & German Defense Game-Changer
Bloomberg Daybreak: Europe Edition5 Mar 2025

Trump Defends Tariffs, Attacks Chips Act & German Defense Game-Changer

Your morning briefing, the business news you need in just 15 minutes.


On today's podcast:


(1) President Donald Trump took the lectern Tuesday for his primetime address beset by warning signs about the US economy, and acknowledged to Americans there could be more discomfort ahead.


(2) The Trump administration could announce a pathway for tariff relief on Mexican and Canadian goods covered by North America’s free trade agreement as soon as Wednesday, Commerce Secretary Howard Lutnick said.


(3) President Donald Trump said he received an “important letter” from Ukraine’s leader looking to smooth over a clash that erupted during a contentious Oval Office meeting, but held back from lifting a US pause on military aid or announcing a revived minerals deal.


(4) Germany will unlock hundreds of billions of euros for defense and infrastructure investments in a dramatic shift that upends its ironclad controls on government borrowing.


(5) China set a forceful economic growth goal at about 5% for 2025, raising expectations for officials to unleash more stimulus later this year as they confront a trade war with Donald Trump.

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