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 raises tariffs on the EU and Mexico to 30% but says talks are continuing ahead of the August 1 deadline. The EU extends its suspension of countermeasures until then, but raises the prospect of coordinated action with other countries, including Canada and Japan.

Also on the programme, the US President says he’ll send more Patriot air-defense batteries to Ukraine, adding that he’s very disappointed with the Russian President Vladimir Putin.

Plus, pressure grows on the Federal Reserve Chair Jerome Powell, as Donald Trump’s allies step up their criticism of his handling of the multi-billion dollar renovation of the Fed’s headquarters.

Today’s guest: Enrique Lizaso, Multiverse Computing, Co-Founder & CEO

Chapters:
00:00:00 – Daybreak Europe
00:02:24 – Trump Says EU Is Talking to US on Trade
00:04:32 – EU-US Talks Stuck on Cars, Agriculture
00:05:31 – EU May Coordinate with Canada, Japan
00:06:54 – China’s Export Growth Picks Up
00:10:03 – US Tariffs on China Hit 145% In April
00:11:36 – Euro Edges Lower on US Tariff Threat
00:12:55 – Trump Allies Open New Front With Powell
00:17:35 – Trump Will Announce New Plan to Arm Ukraine: Axios
00:19:44 – BloombergNEF: 2025 New EV Sale Could Hit 22 Million
00:23:02 – Huang: China Military Unlikely to Use US Chips
00:23:21 – Amazon Prime Day Drives Jump In US Spending
00:26:03 – EU to Engage More With Other Nations Hit By US Tariffs
00:30:12 – Germany’s Merz: 30% Tariffs Would Hit German Industry to Core
00:31:34 – EU’s Ribera on Trade Tensions
00:35:17 – Macron Raises Defense Budget, Says Europe Under Threat
00:37:00 – Enrique Lizaso, Multiverse Computing Founder & CEO
00:44:48 – Market Pricing of Fed Cut Wanes
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