US Speedboat Cuba Shootout, US-Iran Deadline Diplomacy, More

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What is the main topic discussed in this episode?

Karen Moscow 0:00
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £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.
Nathan Hager 0:28
News when you want it with Bloomberg News Now. I'm Nathan Hager.
Unknown 0:33
And I'm Karen Moscow.
Nathan Hager 0:35
Karen, we begin with new tensions in the Caribbean. The Cuban Coast Guard has shot and killed four people on a speedboat registered in Florida. Cuba's government says the 10 armed people on board were Cubans living in the U.S. who plan to enter the country to fight the government. Secretary of State Marco Rubio says the U.S. will conduct its own investigation.
Laura Davison 0:55
It is highly unusual to see shootouts. an open sea like that. It's not something that happens every day. It's something, frankly, that hasn't happened with Cuba in a very long time. But we're going to find out. We're not going to base our conclusions on what they've told us.
Nathan Hager 1:12
Secretary of State Rubio spoke to reporters last night, and we get more from Bloomberg Deputy Washington Bureau Chief Laura Davison.
Unknown 1:18
This is hitting at a really critical moment between U.S. and Cuba. Tensions, you know, there's been a U.S. embargo of oil to Cuba for several weeks now, and the island is really facing an economic crisis as there's major energy shortages, and the country is essentially running out of money.
Nathan Hager 1:33
Bloomberg's Laura Davison reports Cuba's Interior Ministry says the U.S. flagged boat opened fire on Cuban security forces within one nautical mile of the province of Villa Clara. A U.S. official told the New York Times the people on the vessel were trying to get relatives out of Cuba and no U.S. Navy or Coast Guard ships were involved.
Unknown 1:51
Let's get to some new developments in the Middle East, Nathan. U.S. and Iranian officials are meeting in Geneva today for the latest round of nuclear talks. And we get the very latest with Bloomberg Middle East correspondent Jumana Bersetchi.
Jumana Bersetchi 2:03
There is a glimmer of hope. The fact that these negotiations are going ahead is perhaps a positive sign.

What tensions are arising in the Caribbean related to Cuba?

Jumana Bersetchi 2:08
I will tell you that expectations are very, very low in terms of securing a breakthrough. But the U.S. has been applying a lot of pressure on Iran the last couple of days, not just with that huge military buildup, all of the verbal comments from President Trump.

What details emerged from the Cuban Coast Guard shooting incident?

Jumana Bersetchi 2:20
He even mentioned Iran and the State of the Union and the latest round of sanctions and some of those entities that are linked to Iran as well in the last 24 hours. So there is a lot of pressure on Iran now. to come to the table and agree to some form of a diplomatic resolution with the U.S.
Unknown 2:37
And Bloomberg's Germana Bersetchi says Tehran's priority in the talks is the lifting of sanctions that have hobbled its economy.
Nathan Hager 2:44
Okay, and the U.S. is vowing to maintain high tariffs on China hours after Beijing warned against any future hikes. U.S. Trade Representative Jameson Greer says President Trump wants to keep tariffs on China steady at a range of 35 to 50 percent. Overall, the U.S. has imposed a 150-day, 10% global tariff following the Supreme Court defeat for the president. Greer tells Bloomberg the president wants to bump up that tariff rate.
Jameson Greer 3:09
We'll put out a supplemental proclamation that the president will sign going to 15% where appropriate.

How is the U.S. responding to the Cuban shootout investigation?

Jameson Greer 3:15
Remember, before the Supreme Court struck down the tariffs, a lot of these countries had agreed to have tariffs, U.S. tariffs on them of 18%, 19%, 20%. So going up to 15%, for them at least temporarily, it's better than the deal that they had.
Nathan Hager 3:30
U.S. Trade Rep Jameson Greer says President Trump will be in Beijing at the end of next month to discuss extending the tariff truce with China. Get the full conversation on the new Bloomberg Video Hub. It's at Bloomberg.com slash videos.
Unknown 3:44
Now let's get to the latest on the Jeffrey Epstein scandal, Nathan. Former President Bill Clinton and former Secretary of State Hillary Clinton are set to face questioning from lawmakers about donations to the Clinton Foundation boosted by Epstein.

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