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The Youtube channel Bloomberg Television has published today a new video called Trade War: Chinese Trade Flow Resilient In April Despite US Tariffs | Daybreak Europe 05/06/2025. You want to discover this video and watch it in streaming, you are lucky we put it aside for you!
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For your information, you can find below the description of the video Trade War: Chinese Trade Flow Resilient In April Despite US Tariffs | Daybreak Europe 05/06/2025 published by the Youtube channel Bloomberg Television:
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 dollar snaps two days of declines as bullish sentiment towards Asian currencies takes a breather. In China, services activity slips to a seven month low, stoking fears of a rapid economic slowdown. This while Beijing's trade flows increased at the end of April, indicating the damage from US tariffs has yet to manifest in actual shipments even though the trade war is widely expected to eventually slow the world’s second-largest economy.
Meanwhile, Friedrich Merz pledges swift action to galvanize Europe's biggest economy as he takes over as German chancellor.
And the UK's tax overhaul for wealthy foreigners will start costing more than it raises if one in four of those affected leaves the country - that's the warning from the Centre for Economics and Business Research. The government disputes the figures.
Chapters:
00:00:00 - Daybreak: Europe
00:00:59 - Philips Lowers Margin Guidance Over US-China Trade Tensions
00:04:09 - China's Services PMI Weakest Level in 7 Months
00:04:43 - Chinese Trade Flow Resilient Despite US Tariffs
00:05:45 - China Reports Holiday Travel Surge
00:07:19 - Tariffs Dominate Milken Discussions
00:07:40 - Bessent Touts US as ‘Premier Destination’ for World Capital
00:09:48 - Trump-Carney Meeting Today
00:11:15 - Dollar Gains After Two-Day Drop
00:11:37 - Taiwan Dollar Stabilizes
00:15:56 - OpenAI Walks Back For-Profit Plan
00:18:30 - Palantir Earnings Fall Short Of Wall Street Hopes
00:22:59 - Trump Blocks Harvard From New Research Funding in Latest Blow
00:25:00 - Continental Sales Jump to Best First Quarter in Four Years
00:27:08 - Merz to Start as German Chancellor, Replacing Scholz
00:31:59 - Ford Pulls Outlook, Sees $1.5B Hit From Trump Tariffs
00:33:40 - Ferrari Earnings Preview
00:34:25 - Vestas Earnings
00:35:19 - Apollo CEO: Trump 'Not Wrong' On Tariffs
00:38:01 - Warning On UK Tax Plan For Rich
00:42:01 - Italy Said Unwilling To Ease BPM Terms
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