President Trump Hits 60 Economies With New Tariffs | Daybreak Europe 7/24/2026

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, the US will collect duties of between 10% and 12.5% on imports from most major trading partners, its biggest move yet to reconstruct President Donald Trump’s tariff wall that was pierced by the Supreme Court.

President Trump threatened to escalate strikes on Iran and said he’d hold the country responsible for any further attacks by the Yemen-based Houthis on ships in the Red Sea, as the widening Middle East war puts new strain on global energy supplies.

And Volkswagen cut its revenue expectations for the year as falling sales in China intensify pressure on Chief Executive Officer Oliver Blume’s push to overhaul Europe’s largest carmaker.

Today’s guest: Martin Kocher, Austrian National Bank Governor & ECB Governing Council Member.

Chapters:
00:00:00 – Daybreak Europe
00:02:34 – Trump rebuilds tariffs with new levies
00:06:20 – Asian markets
00:08:56 – Mag7 loses $797 billion as tech stocks are dumped
00:11:17 – SAP cloud revenue beats estimates
00:12:56 – Intel revenue forecast shatters estimates
00:16:02 – Trump threatens to intensify Iran attacks
00:20:48 – Dangote family prepares refinery business or IPO
00:23:41 – Friday headlines
00:25:34 – Front Page News
00:26:31 – Volkswagen profit EU3.47B, Est. 4.07B
00:28:31 – Martin Kocher, Austrian National Bank Governor & ECB Governing Council Member
00:38:32 – Volkswagen profit EU3.47B, Est. 4.07B
00:43:13 – Top stories
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