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(1632)

Daybreak Holiday: Stock Market Records, Fed Independence, The Future of DEI

Daybreak Holiday: Stock Market Records, Fed Independence, The Future of DEI

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Daybreak Weekend: Netflix Earnings, Davos Preview, China Data

Daybreak Weekend: Netflix Earnings, Davos Preview, China Data

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 earnings from Netflix and Intel. In the UK – a l...

16 Jan 38min

Venezuela’s Machado Gives Trump Nobel Medal; Greenland Seeks Support Against Takeover Bid

Venezuela’s Machado Gives Trump Nobel Medal; Greenland Seeks Support Against Takeover Bid

On today's podcast:1) President Trump accepted Venezuelan opposition leader Maria Corina Machado’s Nobel Peace Prize medal at a White House meeting on Thursday as she tries to get back in his good gra...

16 Jan 21min

Second ICE Shooting in Minneapolis as Protests Intensify; Denmark-US Rift Persists Over Greenland

Second ICE Shooting in Minneapolis as Protests Intensify; Denmark-US Rift Persists Over Greenland

On today's podcast:1) Tensions in Minneapolis escalated again Wednesday night after a federal officer shot a man in the leg during an attempted arrest. Homeland Security says the Venezuelan man fled i...

15 Jan 14min

Trump Defends DOJ's Powell Probe; Iran Death Toll Jumps

Trump Defends DOJ's Powell Probe; Iran Death Toll Jumps

On today's podcast:1) President Trump dismissed Jamie Dimon’s criticism over the Justice Department probe into the Federal Reserve, saying the JPMorgan Chase & Co. chief executive officer was “wrong” ...

14 Jan 15min

Powell Probe Stirs GOP Concern; Trump Vows 25% Tariff on Iran's Trading Partners

Powell Probe Stirs GOP Concern; Trump Vows 25% Tariff on Iran's Trading Partners

On today's podcast:1) President Trump faced rare opposition from key Republican lawmakers after Federal Reserve Chair Jerome Powell accused the Department of Justice of launching a grand jury investig...

13 Jan 16min

Fed Served With DOJ Subpoenas; Iran Says Protests Quelled After Hundreds Reported Killed

Fed Served With DOJ Subpoenas; Iran Says Protests Quelled After Hundreds Reported Killed

On today's podcast:1) Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escala...

12 Jan 20min

Daybreak Weekend: Bank Earnings, UK Property Market, China Trade

Daybreak Weekend: Bank Earnings, UK Property Market, China Trade

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 U.S CPI data and bank earnings. In the UK – a lo...

9 Jan 39min

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