Trump's EU Tariffs, Hassett Comments on Fed Job, More
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What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now, I'm Doug Krisner. Members of the European Union are discussing options for how to respond to President Trump's use of tariffs as punishment for EU support of Greenland. EU leaders are set to hold an emergency meeting in the coming days. Now, Greenland is a semi-autonomous territory of Denmark itself, a founding member of NATO. And Trump is threatening to seize control of the territory, potentially with military force. Over the weekend, the president slapped a 10% tariff on goods from the eight European countries supporting Denmark. And now we are told the EU is considering the use of retaliatory tariffs on $108 billion worth of U.S.
What are the implications of Trump's tariffs on the EU?
goods. Now, despite the threats from President Trump, the foreign minister of Denmark, Lars Rasmussen, said the door remains open to talks with the U.S. over Greenland.
We have been asking since the very beginning of this to have constructive dialogue with our American ally and friends free from social media and headlines and strong words. And we opened that dialogue last week. We will not give up on that.
That is Danish Foreign Minister Lars Rasmussen. Meantime, U.S. Treasury Secretary Scott Besson dismissed threats from the European Union to halt a tariff deal reached last year with the U.S. Here is Besson speaking to NBC's Meet the Press.
Well, first of all, the trade deal hasn't been finalized. And an emergency action can be very different from another trade deal.
That is U.S. Treasury Secretary Scott Besson speaking to NBC's Meet the Press. President Trump said he would soon announce his nomination to replace Fed Chair Jay Powell. Now, Trump also said he wants to keep Kevin Hassett, the current director of the National Economic Council, in his current role. Hassett had once been seen as a frontrunner for the Fed chairmanship, and today Hassett told Fox News Trump may be right to pass him over.
From the beginning, he and I have talked about whether it's better for me to be here in the West Wing or over at the Fed. I don't think he's made a final call on that. But I've got to say that I'm even humbled still, perhaps, to be in the running with the other people.
Now, the list of candidates to succeed Powell includes Fed Governor Chris Waller, as well as former Governor Kevin Warsh. And there's Rick Reeder, the CIO of fixed income at BlackRock. We are told his candidacy has gained momentum. In Minneapolis, tensions remain high 10 days after an ICE agent shot and killed Renee Good. Over the weekend, thousands of protesters denounced federal immigration enforcement. Meantime, the U.S. is increasing the number of law enforcement agents and potentially sending military personnel to Minneapolis. The FBI is also sending messages to its agents nationwide seeking volunteers to temporarily transfer to Minneapolis. And at the same time, the Pentagon has ordered U.S. troops to be on standby.
Here is Homeland Security Secretary Christine Ohm speaking on CBS Face the Nation.
We won't stop until we are sure that all the dangerous people are picked up, brought to justice, and then deported back to their home countries. We don't have a number or a date. We wouldn't be in this situation if Joe Biden hadn't allowed our open border policies to be in place.
That is Homeland Security Secretary Kristi Noem speaking on CBS Face the Nation. Meantime, the governor of Minnesota, Tim Walz, has mobilized the state's National Guard to support local law enforcement. The government of Syria and the U.S.-backed Syrian Democratic Forces have agreed to end their clashes. The two sides reached a new deal on expanding the SDF's control over vital territories and resources. Now, this agreement includes a ceasefire as well as the retreat of SDF troops east of the Euphrates River.
How is Denmark responding to Trump's threats over Greenland?
It also relinquishes authority in the eastern provinces to the government and the military. In sports, tomorrow is the college football playoff national championship game. Miami and Indiana are set to face off, and fans who want to attend the game will be facing a steep price.
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