Caroline Hepke
👤 SpeakerAppearances Over Time
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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.
UK police have arrested former British ambassador to the US, Peter Mandelson, on suspicion of misconduct in public office.
It comes after the US Department of Justice released emails allegedly showing him forwarding government information to Jeffrey Epstein.
Mandelson was released on bail early this morning but is still under investigation.
He has not been charged and his lawyer has declined to comment.
Bloomberg's James Woolcock has more.
And those are some of our top stories for you this morning.
So the markets are focused on two things, really, the impact of artificial intelligence and the trade uncertainty out of the US.