US, Australia Ink Rare Earths Deal; Supreme Court to Hear Trump Tariffs Case

US, Australia Ink Rare Earths Deal; Supreme Court to Hear Trump Tariffs Case

On today's podcast:
1) President Trump signed a landmark pact with visiting Australian Prime Minister Anthony Albanese to boost America’s access to rare earths and other critical minerals, an effort to counter China’s tight grip on the supply chains of key metals. The two governments will jointly invest in a swathe of mines and processing projects in Australia to boost production of commodities used in advanced technologies from electric vehicles to semiconductors and fighter planes. Australia has an $8.5 billion “pipeline that we have ready to go,” Albanese said at a meeting between the two leaders at the White House.
2) Small businesses are urging the US Supreme Court to affirm lower court rulings that President Trump's global tariffs amount to a massive illegal tax on American companies. The justices are set to hear arguments on whether Trump legally issued the tariffs under the 1977 International Emergency Economic Powers Act, a law that gives the president financial tools to address national security, foreign policy and economic emergencies.
3) Senate Majority Leader John Thune says he will wait until President Trump meets with Russian President Vladimir Putin in the coming weeks before deciding to whether to bring legislation on Russia sanctions to a vote. The bill would give Trump the authority to impose tariffs of up to 500% on imports from countries that buy Russian energy products and are not actively supporting Ukraine. This specifically targets major consumers of Russian energy, such as China and India.

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Episoder(1622)

Trump Pushes Iran on Deal; Former Prince Andrew Released After Arrest

Trump Pushes Iran on Deal; Former Prince Andrew Released After Arrest

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US Ratchets Up Iran Pressure; OpenAI Funding to Top $100 Billion

US Ratchets Up Iran Pressure; OpenAI Funding to Top $100 Billion

On today's podcast:1) While both the US and Iran have sounded cautiously upbeat about the latest round of diplomatic talks between the nations, analysts believe that strikes on Iranian targets remain ...

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17 Feb 17min

Daybreak Holiday: Walmart, Nvidia, OpenAI

Daybreak Holiday: Walmart, Nvidia, OpenAI

On this special President's Day Holiday edition of Bloomberg Daybreak, host Nathan Hager discusses: -We get another big earnings report ahead of Nvidia. On Thursday, we hear from Walmart. For more, we...

16 Feb 38min

Special Coverage: A Conversation with Secretary of State Marco Rubio

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Secretary of State Marco Rubio said Europe’s fate is intertwined with the US while faulting the continent for what he said was a drift away from their shared Western values. The double-edged message o...

14 Feb 13min

Daybreak Weekend: Homebuilders Preview, UK Jobs, Lunar New Year

Daybreak Weekend: Homebuilders Preview, UK Jobs, Lunar New Year

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 what to expect from homebuilders in the months a...

13 Feb 38min

US to Narrow Metals Tariffs; DHS Shutdown Looms as Senate Fails to Cut Deal

US to Narrow Metals Tariffs; DHS Shutdown Looms as Senate Fails to Cut Deal

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The Trump administration is working to narrow its broad tariffs on steel and aluminum products that companies find difficult...

13 Feb 15min

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