Trump Threatens Copper, Pharma Tariffs; Macron Pushes Closer UK Ties | Daybreak Europe 07/09/2025

From Bloomberg Markets and Finance.

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 says there’ll be no more tariff extensions and threatens 50% levies on copper and 200% on pharmaceuticals. US copper futures surge the most on the record.

Emmanuel Macron warns of "hesitating alliances" during his first state visit to the UK, and says Britain and France have a special responsibility for Europe’s security.

Plus UniCredit raises its equity stake in Commerzbank to 20%, becoming the largest shareholder in the bank it’s hoping to take over.

Today’s guests: Oliver Richtberg, German Engineering Federation, Foreign Trade Head and Sarah Emerson, ESAI, Founder & President.

Chapters:
00:00:00 – Daybreak: Europe
00:03:14 – Trump Vows No Tariff Extension, Hardens Threats on Copper, Drugs
00:05:15 – Trump Threatens 50% on Copper
00:05:41 – EU Chief Demands China Address Trade Imbalance
00:08:14 – Trump Hardens Tariff Threats on Copper, Pharmaceuticals
00:11:51 – China PPI Falls Most in 2 Yeears
00:13:27 – Treasury Yields Rise for 6th Session
00:16:20 – Oil Steadies as US Stockpiles Rise
00:19:47 – Sam Altman on Retaining Talent
00:20:11 – SpaceX Said to Plan Offering With Valuation of $400 Billion
00:23:09 – Meta Invests $3.5B in EssilorLuxottica
00:23:29 – Apple Operations Chief to Retire
00:26:33 – Oliver Richtberg, VDMA Head of Foreign Trade
00:32:21 – Macron: Europe Must End US, China Dependency
00:34:24 – Macron Calls for Closer Ties with the UK
00:35:16 – UniCredit Boosts Equity Stake in Commerzbank
00:39:47 – Sarah Emerson, ESAI Founder & President
00:45:10 – US Copper Premium Surges
00:45:44 – UK Gilts Market in Focus
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