Bloomberg Daybreak Asia: Trump Tariffs Roil Markets (Podcast)

Jeep-maker Stellantis NV plans to temporarily halt some production in Canada and Mexico. Ford Motor Co. began offering steep discounts to keep customers coming to showrooms. And Volkswagen AG warned dealers that it will tack on import fees to the vehicles it ships to the US. The moves show the immediate fallout from car tariffs that took effect shortly after midnight in Washington. The levies, part of a broader trade war, are expected to upend supply chains and add thousands of dollars in costs to most vehicle models. Dartmouth professor of economics Doug Irwin questions President Trump’s trade war strategy and discusses why he doesn’t believe it will help bring many manufacturing jobs back to the United States. Professor Irwin speaks with Tom Keene and Paul Sweeney on Bloomberg Radio. (Source: Bloomberg)

Prime Minister Keir Starmer is taking the first steps to help UK businesses withstand US tariffs by easing the government’s electric vehicle sales mandate.