What recent actions has President Trump taken regarding international trade?
News when you want it with Bloomberg News Now, I'm Doug Krisner. The sell America trade was back in full force across U.S. financial markets. President Trump's demand for U.S. control over Greenland seemed to stoke anxieties about potential worst case scenarios, and that would include a rupture in the NATO alliance or perhaps a full blown trade war between the U.S. and Europe.
Over the weekend, Trump announced a new 10% levy on eight EU countries opposed to his plans to seize Greenland. Today, President Trump faced backlash from UK Prime Minister Keir Starmer and French President Emmanuel Macron. Macron said the threat of U.S. tariffs will not help the global economy to thrive. Here is Macron speaking at the World Economic Forum in Davos, Switzerland.
I mean, it doesn't make sense to have tariffs and be divided and even to threaten now with additional tariffs. We can use it. I mean, the crazy thing is that we can be put in a situation to use the anti-coercion mechanism for the very first time vis-a-vis the U.S. if they put additional tariffs.
Now, President Trump downplayed the criticism from both Macron and Starmer.
They always treat me well. They get a little bit rough when they're, you know, when I'm not around. But when I'm around, they treat me very nicely. And, you know, I like both of them. They're both liberal. They have two problems, immigration and energy.
On Wednesday, President Trump will be speaking at the Davos gathering. After the bell, Netflix delivered fourth quarter results that largely beat Wall Street estimates. However, the company did issue a cautious forecast for the months ahead.
Netflix also said it's planning to increase spending on films and TV shows by 10 percent this year, while at the same time moving ahead with plans to buy the studio and streaming businesses of Warner Brothers Discovery. Here is Netflix CEO Ted Sarandos.
We've already made progress towards securing the necessary regulatory approvals. We submitted our HSR filing. We're working closely with WBD and the regulatory authorities, including the U.S. Department of Justice and the European Commissions. We're confident we're going to be able to secure all the approvals because this deal is pro-consumer. It is pro-innovation. It's
pro-worker, it is pro-creator, and it is pro-growth.
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