Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now, I'm Doug Krisner. In Washington, the Republican-led U.S. House has passed legislation aimed at ending President Trump's tariffs on Canada. Now, this signals a growing anxiety over the White House's economic agenda ahead of midterm elections focused heavily on affordability.
Passage by the House is not veto proof, meaning the vote was largely symbolic and a way to get lawmakers on the record for their support of these tariffs on Canadian goods. Here is Bloomberg's Derek Walbank.
These votes sort of represent an increase in political pressure on the president to change course just months before the midterm elections. They also, though, represent a big difficulty for some swing district Republicans whose districts may be heavily affected by tariffs. but who have to face a very real question about whether or not they want to cross the president on his signature issue.
That was Bloomberg's Derek Walbank. Now, passage of this measure comes as President Trump privately weighs quitting the U.S.-Mexico-Canada trade pact he signed during his first term. Also today, the House passed the Save America Act. This was backed by President Trump. The bill would change voting regulations by requiring proof of citizenship during voter registration.
It also significantly curtails mail-in voting. Here is House Speaker Mike Johnson.
Proof of citizenship and photo ID to vote. Everyone in the country understands the necessity of that, understands how simple it is and how important it is. And the only people that oppose it are people who want to cheat our system.
That is House Speaker Mike Johnson. U.S. Energy Secretary Chris Wright is in Venezuela, where he'll make an assessment of the country's oil industry. Wright met with Venezuelans acting President Delcy Rodriguez, and he's expected to meet with several government officials. Wright said the U.S. government is working to issue new licenses to businesses who want to work in Venezuela.
We know that working together, the people of Venezuela and the people of the United States, this year we can drive a dramatic increase in Venezuelan oil production, in Venezuelan natural gas production, in Venezuelan electricity production, and most importantly of all, all of these are to increase the job opportunities, the wages, and the quality of life for all of the Venezuelans across the country.
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Chapter 2: What legislation did the House pass regarding tariffs on Canada?
Trump announced millions of dollars to upgrade existing facilities. This includes $175 million to fund upgrades to six coal plants.
Under our leadership, we're becoming a massive energy exporter. In just the past few months, we've made historic trade deals with Japan, Korea, India, and others to increase our coal exports dramatically. We're now exporting coal to all over the world, and the quality of our coal is supposed to be, I mean, I'm not an expert in coal, but I've been very good to the people that are
The quality of our coal is supposed to be the finest anywhere in the world.
Trump also said the actions would help boost coal power generation, and the president said this would deliver in turn lower prices for consumers and ensure industries critical to national security had steady power supplies.
Attorney General Pam Bondi was in the hot seat today before the House Judiciary Committee, and she was reprimanded by Democrats for using the DOJ to target enemies of President Trump. Bondi was also criticized for her handling of the Epstein files, including the many redactions made. Here is an exchange between Bondi and New York Congressman Jerry Nadler.
How many perpetrators are you even investigating?
First. You showed it. How many have you indicted? Excuse me. I'm going to answer the question.
Answer my question.
No, I'm going to answer the question the way I want to answer the question.
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Chapter 3: How do recent House votes reflect political pressures ahead of midterm elections?
It's clear from the president that he is saying that this was a good meeting, but that he wants to continue talks to see if he can reach some kind of deal with Iran. And I think we know from talking to folks around the prime minister and from our reporting there that there is concern on that side about what such a deal could look like.
And that's, I think, certainly part of the reason he was here. There's concern about what kind of deal President Trump might agree to, what the scope of that would be. But clearly nothing decided today.
That is Bloomberg's Catherine Lucey. Meantime, the Pentagon has reportedly told a second aircraft carrier strike group to prepare to deploy to the Middle East as the U.S. readies for a potential attack on Iran. The Wall Street Journal reports President Trump was weighing a second carrier strike if negotiations were to fail.
Now, the deployment of a second carrier would mark the first time there have been two carriers in the region. in nearly a year. The star of the popular 90s teen drama series Dawson Creek has died. The family of James Van Der Beek announced his death on Instagram. In 2024, Van Der Beek revealed he was being treated for colorectal cancer. James Van Der Beek was 48.
And that is news when you want it. With Bloomberg News Now, I'm Doug Krisner, and this is Bloomberg.
As a place to do business, the UK stands apart. Not because of a single advantage, but a uniquely powerful combination of many. As one of the world's leading financial centres, the UK puts over Ā£10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research.
This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism. Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth.
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
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Chapter 4: What changes does the Save America Act propose for voting regulations?
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You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris.
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