Bloomberg Daybreak: Europe Edition Global 10% US Tariff in Force, AI Scare Trade Roars Back, How Much for AI Ray Bans?
8 snips
Feb 24, 2026 Rosalind Matheson, Bloomberg Chief Asia Correspondent covering trade policy, explains how the new 10% global tariff creates uncertainty for Asian and global partners. She discusses EU trade tensions and sector-specific risks. The conversation also covers AI-related market jitters and how smart-glasses makers are positioning themselves in a growing but contested market.
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New 10% Tariff Sparks Trade Deal Uncertainty
- Trump's 10% global tariff creates immediate uncertainty for trade deals and businesses.
- EU lawmakers paused ratification after noting higher levies on products like cheese, butter, plastics and textiles that could breach deal terms.
AI Scare Trade Sends Stocks Tumbling
- AI fears triggered a broad market sell-off across payments, delivery and software stocks after a report on AI agents cutting white-collar roles.
- Research author Al-Apshah estimated AI could cut white-collar employment by 5% in 18 months, surprising markets used to the long AI rally.
Dimon Sees Precrisis Lending Parallels
- Jamie Dimon warned lending is echoing pre-2008 risk-taking as banks chase net interest income.
- Dimon suggested AI could shift the surprise industry of credit losses to software, altering the next credit cycle's victims.