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Podcast: Bloomberg Daybreak: Europe Edition
Episode: EU Plans For No Deal, $2 Trillion GDP Hit , Musk’s Empire Creaks
Description: Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) European Union envoys are set to meet as early as this week to formulate a plan for measures to respond to a possible no-deal scenario with US President Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug. 1 deadline.(2) The global economy started 2025 on a solid footing. Now the ground has shifted. We estimate the average US tariff rate has risen to 13.3% from 2.3% in January. That's already the highest rate since 1939. As the impacts...