June 1, 2026: US Cuts Agriculture Equipment Tariffs, Weaponization Fund Halted, More
episodePreviously titled “US Cuts Agriculture Equipment Tariffs, Weaponization Fund Halted, More” — renamed by the publisher on Aug 2, 2026
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now. I'm Charlie Pellett. Rising farm costs has President Trump acting on agricultural equipment tariffs. The White House says it will reduce tariffs on agricultural equipment such as combines and harvesters in order to reduce costs for farmers and manufacturers. Under a proclamation, those tariffs will drop to 15 percent from 25 percent The concession takes effect June 8th and will run through the end of 2027. The Trump administration's plans to scrap for now a controversial $1.8 billion legal fund for victims of alleged government weaponization ran into skepticism from Republican senators who demanded public assurances the fund is dead. Here's Republican Congressman Mike Flood of Nebraska interviewed on Balance of Power.
I understand why we are having this conversation, because everyday Americans, just based on their political beliefs, were being targeted by the Justice Department under the last president. When the fund came out, you know, that's who I thought would be eligible. But if it came to light that a January 6 insurrectionist was going to recover a dime, I didn't want that.
Congressman Mike Flood of Nebraska on Bloomberg Balance of Power. Israeli Prime Minister Benjamin Netanyahu and President Trump are offering differing accounts of a call today about the fighting in Lebanon as the U.S. struggles to get efforts toward an Iran peace deal back on track. Here's New Hampshire Democratic Congresswoman Maggie Goodlander.
When I look at the situation here, we need to have clear minds and alignment in the way ahead. And the biggest problem to me as I look at this is I have no idea how our own house is going to be put into order. Who is negotiating this deal right now? Who is coordinating the relationship right now? Because the president is trying to lead this war on Twitter, and it's just no way to run a country.
Democrat Maggie Goodlander of New Hampshire interviewed on Balance of Power. After the close of trading, we heard from Hewlett Packard Enterprise. Shares surged. It gave an outlook for annual sales that topped analyst estimates, citing massive growth in demand for the company's servers and networking. Reaction from Mehedi Hosseini, senior equity research analyst at Susquehanna International Group.
What we have learned over the course of the last two months is the pace of earning revision. What you see embedded in the after hours is a reflection of where our earnings are going to go to.
Mehdi Hosseini of Susquehanna International. It is a busy week for economic data, specifically employment data, with new numbers Tuesday morning on job openings when we get the JOLTS report. All of this leading up to Friday's jobs report as we hear from Bloomberg's Enda Curran.
There we're expecting the unemployment rate of 4.3% and a jobs increase of around 89,000. Now, if that comes in at that level, it would take the three-month average to the highest in a year. And then you're not talking about a stabilising labour market.
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