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Canada Backs Down, UK Car Tariffs Slashed; Europe Basks in Heatwave | Daybreak Europe 06/30/2025
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, Canada rescinds its digital services tax after the US President abruptly ended trade talks. Mark Carney's government now hopes to agree a trade deal by July 21. Meanwhile a deal to cut US tariffs on UK car and aerospace exports comes into effect, but levies on British steel remain.
Also on the programme, the race to get Donald Trump's One Big, Beautiful Tax Bill passed before US Independence Day, and Europe bakes in a heatwave, with temperatures up to 10C above average.
Today's guest: Tatjana Greil Castro, Muzinich Public Markets Co-Head.
Chapters:
00:00:00 - Daybreak: Europe
00:02:06 - Asian Stocks, Futures Rise as Trade Talks Progress
00:04:07 - Canada Rescinds Digital Services Tax
00:05:41 - Trump Says He Doesn't Expect to Extend Tariff Deadline
00:07:23 - US-UK Auto Tariff Cut Comes Info Effect
00:10:06 - Loonie Up as Canada Pulls US Digital Services Tax
00:10:55 - Euro's Longest Streak of Gains Since 2017
00:13:30 - Trump Tax Bill Hits Senate With GOP Torn by Competing Demands
00:16:07 - Senate Tax Bill Would Add $3.3T to US Deficits
00:17:12 - Musk Fumes as Tax Bill Cuts EV Credits
00:17:45 - IAEA: Iran Enriching Uranium in Months
00:18:35 - UK PM Seeks to Quell Labour Party Rebellion
00:19:36 - Energy Transition Spurs Nuclear Revival
00:25:55 - China’s Wang Yi to Visit Europe as Tensions With US Linger
00:29:38 - Tatjana Greil Castro, Muzinich Public Markets Co-Head
00:36:10 - Ukraine Reports Record Russian Missile Attack
00:39:04 - Noetix Robotics Orders Race Ahead After Beijing Marathon
00:41:01 - Trump Says There's a TikTok Buyer; No Details for 2 Weeks
00:41:23 - Elliott’s Italian Bank Is Said to Plan Offer for Banca Sistema
00:41:47 - Heatwaves Across Europe
00:45:24 - US Equities Back to Expensive Levels
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Published Jun 30, 2025
