Caroline Hepke

And from London, I'm looking at what all that means for markets, money and the wider economy.

So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.

And it fits into your morning.

And I'm Caroline Hepke in London.

We're the hosts of the Bloomberg Daybreak Europe podcast.

We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.

And from London, I'm looking at what all that means for markets, money and the wider economy.

So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.

And it fits into your morning.

On Apple, Spotify, YouTube or wherever you get your podcasts.

An assessment by the European Union has found that President Trump's planned 15% increase, though, means that levies on some goods would be above the 15% ceiling agreed in the EU-US trade deal.

On Monday, the European Parliament suspended legislative work on approving that agreement, requesting clarity on Trump's new trade policy.

Josh Wingrove is Bloomberg's White House reporter.

Josh Wingrove speaking there after President Trump said on social media on Monday that he'll put much higher tariffs on countries that, quote, play games with the Supreme Court ruling.

Jamie Dimon says that he sees parallels now to the 2008 global financial crisis when a rush to make loans ended disastrously.

Speaking to investors yesterday, the JP Morgan CEO suggested that some lenders are making riskier decisions in a bid to boost net interest income.

According to Dimon, some of those decisions are related to artificial intelligence.

JP Morgan CEO Jamie Dimon there speaking at an investor event on Monday.

The news comes as the financial industry, like many others, has suffered declines in recent weeks due to AI concerns.

Dimon added that he expects the credit cycle will eventually sour again, though he's not sure when.