US President Donald Trump says he’d prefer not to have to impose tariffs on China. “We have one very big power over China, and that’s tariffs, and they don’t want them,” the US leader told Fox News host Sean Hannity in an interview that aired Thursday in the US. “And I’d rather not have to use it. But it’s a tremendous power over China.” Markets have taken it as a positive sign that Trump stopped short of imposing tariffs on China in his first days in office. In European corporate news, Banca Monte dei Paschi made a surprise offer to acquire larger rival Mediobanca in a deal valued at €13.3 billion ($13.9 billion), adding a new twist in a series of takeover attempts that are shaking up Italy’s banking industry. Also on the show live from Davos today, EU Economy Commissioner Valdis Dombrovskis tells Bloomberg’s Francine Lacqua the bloc needs to do more to keep up with the US and China.
Today’s guests: Mary Vilakazi, FirstRand CEO; Valérie Urbain,Euroclear CEO; Valdis Dombrovskis, EU Economy
Commissioner
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:01:08 – Euro Area PMI latest
00:03:01 – Trump slams Bank of America CEO Moynihan
00:09:25 – Mary Vilakazi, FirstRand CEO
00:15:30 – Valérie Urbain, Euroclear CEO
00:21:39 – Valdis Dombrovskis, EU Economy Commissioner
00:28:10 – Nadia Calvino, EIB President
00:32:43 – Trump softens tone on China tariffs
00:35:25 – Oil set for first weekly drop this year
00:38:48 – Trump addresses Davos
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More on Bloomberg Television and Markets
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