Major US Tariff Rates Take Effect; Trump-Putin Summit Scheduled

Major US Tariff Rates Take Effect; Trump-Putin Summit Scheduled

1) President Trump's tariffs take effect at their highest levels since World War 2. President Trump’s actions will push the average US tariff rate to 15.2%, according to Bloomberg Economics estimates, with some countries facing duties as high as 50%. The president has pledged that the tariffs will slash trade deficits and push companies to move manufacturing back to the US, but his critics say they could cause inflation to spiral out of control and cause shortages on store shelves.
2) The Kremlin said Presidents Vladimir Putin and Donald Trump will meet for summit talks within the next few days. President Trump said there was a "very good chance" he would meet with Putin and Ukrainian President Volodymyr Zelenskiy soon in another bid to broker peace between the two countries.
3) The president slaps significant levies on semiconductors — with a key exemption. President Trump declared plans to slap a 100% tariff on semiconductor imports, but promised to exempt companies that move production back to the US. Companies that demonstrate a commitment to building in the US, such as Apple, will be exempt from tariffs on chips, according to Trump.

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Episoder(1636)

Trump's Iran Deadline Nears; Sharp Selloff in Markets

Trump's Iran Deadline Nears; Sharp Selloff in Markets

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iran carried out fresh strikes across the Persian Gulf hours before President Trump’s deadline to reopen the Strait of Hor...

23 Mar 21min

Bloomberg Daybreak: Mortgage Rates, Denmark Election, BYD Earnings

Bloomberg Daybreak: Mortgage Rates, Denmark Election, BYD Earnings

Bloomberg Daybreak Weekend with Host Alexis Christoforous take a look at some of the stories we'll be tracking in the coming week. In the US – a look at to what we can expect for mortgage rates in 2...

20 Mar 38min

Iran Keeps Striking Gulf; Oil Set for Weekly Surge

Iran Keeps Striking Gulf; Oil Set for Weekly Surge

Today's top stories, with context, in just 15 minutes.On today's podcast:1) Iran pressed ahead with attacks on Arab states in the Persian Gulf even after Israel signaled it would refrain from hitting ...

20 Mar 16min

Trump Calls for Iran De-escalation; Oil and LNG Jump

Trump Calls for Iran De-escalation; Oil and LNG Jump

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump sought to stop attacks on energy facilities in the Middle East after Israel and Iran struck key targets, fue...

19 Mar 15min

Iran Vows Revenge; Trump Says War May End Soon

Iran Vows Revenge; Trump Says War May End Soon

Today's top stories, with context, in just 15 minutes.On today's podcast:1) Iranian attacks on Israel and Arab states in the Persian Gulf continued overnight into Wednesday, while President Donald Tru...

18 Mar 16min

Iran Hits UAE Gas Field; Trump Delays China Summit

Iran Hits UAE Gas Field; Trump Delays China Summit

Today's top stories, with context, in just 15 minutes.On today's podcast:1) Iran set a massive natural gas field in the United Arab Emirates ablaze as it steps up attacks on key energy sites, while US...

17 Mar 15min

Iran Denies it Wants Truce; Trump Presses Allies on Hormuz

Iran Denies it Wants Truce; Trump Presses Allies on Hormuz

Today's top stories, with context, in just 15 minutes.On today's podcast:1) Iran denied US President Donald Trump’s assertion that it wants ceasefire talks, launching fresh attacks across the Persian ...

16 Mar 16min

Daybreak Weekend: Fed Meeting, Europe Central Bank Decisions, Takaichi-Trump Meeting

Daybreak Weekend: Fed Meeting, Europe Central Bank Decisions, Takaichi-Trump Meeting

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to next week’s monetary policy decision from the Fe...

13 Mar 39min

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