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    Home » Trump Sends Letters, Tariffs up to 70%; US Tax Bill Passes Congress | Daybreak Europe 07/04/2025

    Trump Sends Letters, Tariffs up to 70%; US Tax Bill Passes Congress | Daybreak Europe 07/04/2025

    webmasterBy webmasterJuly 4, 2025 News 3 Mins Read
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    Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

    On today’s show, Donald Trump says letters are being sent to trading partners notifying them of the latest US tariff rates. He says for some countries it will be 10-20%, for others 60-70%. Global stocks slide on the news.

    The One, Big, Beautiful Tax Bill passes Congress, paving the way for $3.4 trillion of tax cuts and increased spending. Plus, we look back on the UK Prime Minister’s first year in office, after a week in which he was forced to u-turn on his flagship welfare reforms.

    Today’s guest: Yael Selfin, KPMG UK, Vice Chair & Chief Economist

    Chapters:
    00:00:00 – Daybreak: Europe
    00:02:36 – Asian Shares Trade in Narrow Range on Tariff Angst
    00:03:34 – Yen to Gain as Spending Surge Boosts BOJ Hike Case
    00:04:25 – Air France-KLM to Boost Stake in SAS to 60.5%
    00:05:18 – Trump: Will Send Nations New Tariff Rates Friday
    00:06:46 – Trump’s Latest Comments on Tariffs
    00:07:05 – China to Cancel Part of EU Summit: Sources
    00:08:12 – US Jobs Report Takes Pressure Off Fed
    00:11:51 – Trump: Tax Bill is Best US Birthday Present
    00:16:35 – Jane Street Curbed in India Markets After Alleged Illegal Gain
    00:17:42 – SEBI Seeks to Seize $570M From Jane Street
    00:20:39 – The Rise of BRICS
    00:23:18 – Russia Unleashes Drone Attack on Ukraine
    00:26:12 – Starmer Marks One Year in Office Saturday
    00:28:28 – Challenges Ahead for UK Prime Minister Keir Starmer
    00:29:51 – Yael Selfin, KPMG UK Vice Chair & Chief Economist
    00:36:05 – OPEC+ Weights Another Super-sized Hike
    00:40:32 – Big Take: Greece’s Painful Decade of Rehabilitation
    00:42:48 – Greece Has Outperformed Its Euro Area Peers
    00:45:14 – Fed’s Bostic on Fed Rate Path, Inflation and Policy
    ——–
    More on Bloomberg Television and Markets

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