Amy Morris

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That's news when you want it with Bloomberg News Now.

I'm Amy Morris and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Amy Morris.

Cuban forces have killed four people and wounded six others who were traveling in a speedboat with Florida tags after they opened fire on the island's border patrol, injuring the commander.

Before the shooting started, security forces were approaching the Florida boat to identify the passengers.

U.S.

and Cuban tensions are running high as the Trump administration has effectively imposed a naval blockade on the communist-run island.

and dramatically reduced its access to fuel.

Former Treasury Secretary Larry Summers will resign from teaching at Harvard University amid a campus review of his ties to Jeffrey Epstein.

Summers, who's been on leave since November and whose name appeared hundreds of times in those newly released Epstein files, will leave at the end of this school year.

The European Union says U.S.

tariffs are a break from their trade deal on more than 4 billion euros of goods.

The EU-U.S.

trade deal struck last summer would impose a 15 percent tariff on most EU exports to the U.S., while removing tariffs on American goods heading into the bloc.

Sources tell Bloomberg President Trump's new policy will increase duties above that 15 percent maximum allowed level on European exports of cheese, butter, agricultural products, plastics, textiles and chemicals.

In the State of the Union, President Trump says he'll impose tariffs through other authorities after the Supreme Court's decision to revoke his emergency duties.

He started with a 150-day, 10% global tariff.

U.S.