EU Prepares for a Tariff Day It Long Hoped to Avoid
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.
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Very Concerned About Tariffs: Heritage Foundation’s Hale
Andrew Hale, Senior Policy Analyst for Trade Policy at the Heritage Foundation, shares his thoughts on President Trump’s reciprocal tariffs announcement and states that if these tariffs are maintained the United States may get a recession and high inflation. Hale also discusses how he believes these tariffs could deter President Trump’s agenda, create victories for the Democratic party, and affect Trump’s MAGA base. Andrew Hale speaks with Kailey Leinz and Joe Mathieu on the late edition on Bloomberg’s “Balance of Power.” (Source: Bloomberg)
UK Statistics Crisis Prompts ONS to Cut Non-Essential Work
Britain’s embattled statistics agency is cutting back on data deemed to be non-essential after the accuracy of key economic estimates was thrown into doubt by a slew of problems.