Trump Promises Auto Tariffs ‘Soon’ & HSBC Doubles Down on Asia | Daybreak: Europe 03/25/2025

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 sows more confusion on tariffs, saying he’ll announce auto levies soon, while suggesting some countries will receive breaks from next week’s reciprocal tariffs. HSBC’s chief executive speaks to Bloomberg exclusively doubling down in Asia and the Middle East, and Tesla’s sales plummet in Europe as the automaker’s woes deepen.

Today’s Guests: Gina Miller, SCM Direct Founding Partner; Eléonore Crespo, Pigment co-CEO

Chapters:
00:00:00 – Daybreak Europe
00:01:36 – Futures Drop on Tariff Confusion
00:05:59 – Trump to Announce Auto Tariffs ‘Fairly Soon’
00:09:24 – US Stock Selloff Eases
00:11:16 – Fed’s Bostic Sees One Cut This Year
00:12:18 – US, Russia Discuss Ukraine in Saudi Arabia
00:18:34 – HSBC Doubles Down on Asia, Mideast
00:23:35 – Turkey Economy Chiefs Plan Investor Call
00:27:31 – Tesla European Sales Plummet
00:28:06 – Tesla’s Poor Sales Contnue in Europe
00:29:00 – Rachel Reeves Plans UK Spending Cuts
00:33:12 – Gina Miller, SCM Direct Founding Partner
00:36:02 – Airbus Warns of Tariff Turbulence
00:43:11 – Eléonore Crespo, Pigment Co-CEO
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