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 -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts