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Bloomberg News Now

Bovino to Leave Minnesota, South Korea Tariffs Rise to 25%, More

27 Jan 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

2.562 - 23.374 Doug Krisner

News when you want it with Bloomberg News Now, I'm Doug Krisner. And we begin in Minneapolis, where a senior Border Patrol commander and some agents are reportedly expected to leave the city as early as Tuesday. The departure of Commander Greg Bovino comes as President Trump dispatched Border Czar Tom Homan to Minnesota to take charge of ICE operations.

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23.735 - 31.479 Doug Krisner

Now, Homan will be meeting with Minneapolis Mayor Jacob Frye tomorrow. as the unrest continues following the shooting death of Alex Preddy.

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Chapter 2: What is the situation regarding Commander Greg Bovino's departure from Minneapolis?

31.921 - 36.501 Doug Krisner

The mayor of St. Paul, Cowley Herr, spoke to Bloomberg's balance of power.

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36.818 - 51.758 Cowley Herr

Alex was not at a protest. It was a morning in which he just happened to be in a space in which he saw activity and he wanted to go and document. I think that it is dangerous when we say that just because people are gathering or they exist is that they are protesting. They are not.

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52.158 - 64.935 Cowley Herr

They know that their neighbors have been taken off the streets, that people are being ripped out of their homes forcibly, that people are having children and families ripped apart. And so when our neighbors see each other hurting and impacted, we show up.

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64.915 - 83.785 Doug Krisner

That is Cowley Herr, the mayor of St. Paul, Minnesota. Now, the situation in Minneapolis is impacting the passage of an appropriations bill. Democrats are moving toward a potential government shutdown over the bill's inclusion of funding for the Department of Homeland Security. Here is Bloomberg's Eric Wasson.

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83.765 - 103.459 Eric Wasson

So Schumer right now is saying split five of this six part package apart. This would fund everything in the State Department, Treasury, Small Business Administration and pass that and then deal with DHS separately. But Republicans are resisting that, saying there's really no time and consent. You really need unanimous consent in the Senate to do any of this.

104.14 - 107.426 Eric Wasson

So we're predicting a likely government shutdown.

107.446 - 125.415 Doug Krisner

That is Bloomberg's Eric Wasson. President Trump said tonight in a post on Truth Social he is increasing a tariff on some South Korean goods from 15% to 25%. This new rate will apply to autos, lumber, and pharmaceutical products. Here is Bloomberg's Josh Wingrove.

125.733 - 140.333 Josh Wingrove

He's essentially ripping up, or at least for now, the deal and saying that's because the Koreans are slow walking it. I should note that there were a lot of question marks, including from what the American position was about this deal. We still, for instance, don't know what the shipbuilding cooperation will look like.

140.393 - 151.808 Josh Wingrove

And so this is another case for countries that are looking at this, including the EU and the UK that had their deals and then saw the Greenland tariff threat come in. The Trump's deals aren't necessarily locked in.

Chapter 3: How are recent events in Minneapolis affecting government funding discussions?

343.354 - 345.297 Doug Krisner

I'm Doug Krisner and this is Bloomberg.

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