Bloomberg Daybreak: Europe Edition10 Mar 2025

Trump: Economy In ‘Transition', Mark Carney Wins & Germany's Identity Crisis

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

On today's podcast:

(1) President Donald Trump said the US economy faces “a period of transition,” deflecting concerns about the risks of a slowdown as his early focus on tariffs and federal job cuts causes market turmoil.

(2) Chinese tariffs on a slew of American farm products have officially come into effect, the latest retaliation in the unfolding trade war between the world’s top two economies.

(3) Mark Carney won the race to become Canada’s next prime minister, putting the former central banker in charge of the country just as US President Donald Trump’s administration threatens its economic future.

(4) US President Donald Trump said he had largely lifted a freeze on US intelligence sharing with Ukraine as he looked to push both Kyiv and Moscow to the negotiating table in hopes of brokering a peace deal.

(5) Wages for new hires in the UK rose at the slowest pace in four years in February as businesses scrambled to cut expenses ahead of a looming hike in employment costs, according to a survey closely watched by the Bank of England.

(6) Germany's Conservatives and Social Democrats are moving closer to a forming coalition, announcing over the weekend they would deepen talks over joining forces in a new government. They face massive challenges to restart growth after two years of contraction boost defence spending, as well as risks of trade tariffs from Donald Trump.

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