Stephen Carroll

From Brussels, I'm following the politics, policy and the people shaping the European Union right now.

We've got reporters across Europe and around the globe feeding in as stories break.

It's smart, calm and to the point.

You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris.

And I'm Stephen Carroll.

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

The European Parliament has suspended legislative work on approving the agreement, requesting clarity on President Trump's new trade policy.

Speaking exclusively to Bloomberg, the EU's foreign policy chief, Kaya Callas, says they're now trying to make sense of the new tariffs.

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

The sell-off sparked by the latest AI scare trade appears to be easing.

Stocks fell on Wall Street yesterday after a research report outlined the sweeping potential impact of artificial intelligence on jobs, sectors and economies like the US.

Little-known research company Citrini imagined a world where consumers used AI agents to avoid credit card fees and delivery apps.

In response, stocks including American Express, Blackstone and DoorDash fell by at least 6%, something which surprised the report's co-author,

Speaking to Bloomberg, Shah added that he thinks governments should start taxing AI to prepare for the effects of coming mass unemployment.

He expects the technology could cut white-collar employment by 5% over the next 18 months.

UK police have arrested former British ambassador to the US, Peter Mandelson, on suspicion of misconduct in public office.

This 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 Wilcock has more.