Trump to Set Unilateral Tariff Rates; Iran-US Tension | Daybreak Europe 12/06/2025

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.

President Donald Trump said he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties on dozens of economies.

Meanwhile, crude prices shot higher after Iran threatened to strike US bases in the region if talks over its nuclear program fell through. The US ordered some staff to depart the embassy in Iraq, and allowed military service members’ families to leave the Middle East.

Today’s guests: Hussein Kanji, Hoxton Ventures, Founder; Alex Kendall, Wayve, CEO

Chapters:
00:00:00 – Daybreak: Europe
00:01:45 – Asian Markets as Trump Vows Unilateral Tariffs
00:03:03 – Asian Stocks Slip Amid Tariff Uncertainty
00:03:54 – Trump to Set Unilateral Tariffs in Two Weeks
00:06:20 – Trump Says Deal with China ‘Done’
00:07:50 – US to Pull Some Embassy Staff From Middle East
00:10:34 – Trump ‘Less Confident’ About Iran Nuclear Deal
00:11:25 – Dollar, Stock Futures Drop on Trump Tariff Threats
00:12:06 – US Dollar Hits Fresh Year-to-Date Low
00:13:50 – Bessent: Want A Deficit Under 4% by 2029
00:16:57 – US Immigration Protests Spread
00:18:41 – LA Sees Some 600 Arrests During Weekend
00:20:31 – Pavel: Euro Adoption Will Take Some Time
00:25:13 – Dollar, Stock Futures Drop on Trump Tariff Threats
00:26:13 – Oil Pares Mideast-driven Surge on Trade Tensions
00:29:01 – Hussein Kanji, Hoxton Ventures, Founder
00:37:31 – Alex Kendall, Wayve, CEO
00:45:55 – Nvidia CEO Sees 10x Boost to Europe Computing Power
00:46:05 – Gundlach: ‘Reckoning is Coming’ For US Debt
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