Trump's Greenland Play, Train Collision in Spain, More

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What is the main topic discussed in this episode?

Doug Krisner 0:00
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. 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, Trump slapped 10% tariffs on goods from eight European countries supporting Denmark. And now, we are told, the EU is considering the use of retaliatory levies on $108 billion worth of U.S. goods.

What are the implications of Trump's tariffs on EU countries?

Doug Krisner 0:41
Treasury Secretary Scott Besson spoke to NBC's Meet the Press and insisted this move is about U.S.
Scott Besson 0:47
national security. It enhances United States security. And again, we have seen the Europeans are unable to push back against Russia. The U.S. is this war that never would have started in Ukraine, Kristen. We are going to settle it, but it wouldn't have started. And what President Trump is trying to do is prevent a taking or the Russian-Chinese action in Greenland in the future. So why not be strategic?
Doug Krisner 1:16
That is Treasury Secretary Scott Besant on NBC's Meet the Press. Meantime, Canadian Prime Minister Mark Carney saying today Greenland's future is for Denmark and Greenland to decide. Here is Carney speaking at a news conference in Qatar.
Mark Carney 1:30
We always will support... sovereignty and territorial integrity of countries wherever their geographic location is.
Doug Krisner 1:41
That is Canadian Prime Minister Mark Carney. We go to southern Spain next, where a high-speed train derailed and slammed into an oncoming train on the rail line between Madrid and Malaga. 21 people have been killed, at least, and dozens more injured. Here is Spanish Prime Minister Pedro Sanchez speaking through an interpreter.
Pedro Sanchez 2:01
tonight is a night of profound grief for our country i would like to express my deepest condolences to the families and loved ones of the victims no words can alleviate such great suffering but i want you to know that the entire country stands with you during this difficult time
Doug Krisner 2:17
Spanish Prime Minister Pedro Sanchez speaking through an interpreter. Officials in Spain say the cause of the crash is unknown. We go to Minneapolis next, where tensions remain high. Ten days after an ICE agent shot and killed Rene Good. Over the weekend, thousands of protesters denounced federal immigration enforcement. Meantime, the U.S. is increasing the number of law enforcement agents. The FBI is 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. Meantime, the Department of Justice is reportedly investigating Minneapolis Mayor Jacob Fry and Minnesota Governor Tim Walz under the theory that they conspired to impede federal immigration agents through public statements.
Doug Krisner 3:07
Here is Fry speaking on CBS Face the Nation.
Jacob Fry 3:10
This whole dynamic is deeply concerning because supposedly they would be coming for me and targeting me for something that is core and critical to my job as mayor, and that is speaking for my residents and my constituents.
Doug Krisner 3:27
Minneapolis Mayor Jacob Fry speaking on CBS Face the Nation. Incidentally, Fry went on to say he had not received a subpoena from the DOJ and that he intends to comply if he is given one. This Thursday, the Supreme Court will hear oral arguments in Trump v. Cook.

How is Greenland's status being impacted by U.S. foreign policy?

Doug Krisner 3:43
This case will decide whether the president has the power to fire Fed Governor Lisa Cook. Now, this case is critical because it will address the removal protection afforded members of the Fed's Board of Governors. And it comes as the Fed's independence from political pressure is under attack. It's been just over a week since the DOJ subpoenaed the Fed over statements by Chair Jay Powell related to a renovation project of the Fed's headquarters. Former Fed Chair Janet Yellen says the attacks on Powell are unprecedented and a very dangerous thing.
Janet Yellen 4:17
President Trump wants the Fed to do what he thinks is best, and he's made clear he is willing to pull out all the stops to try to get his way with the Fed.

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