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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Krisner.

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Speaker 1: We begin in Washington, where President Trump officially announced his

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Speaker 1: tariff policy. A minimum levy of ten percent will be

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Speaker 1: applied on all imports to the US beginning at midnight

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Speaker 1: on Saturday, and the President announced reciprocal tariffs at rates

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Speaker 1: of roughly fifty percent below what foreign countries place on

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Speaker 1: US imports. A few examples thirty four percent on Chinese goods,

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Speaker 1: twenty four percent on imports from Japan, and twenty percent

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Speaker 1: on all imports from the European Union. They take effect,

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Speaker 1: by the way, April ninth. Here is Trump speaking earlier

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Speaker 1: outside the White House.

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Speaker 2: My fellow Americans, this is Liberation Day waiting for a

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Speaker 2: long time. April second, twenty twenty five will forever be

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Speaker 2: remembered as the day American industry was reborn, the day

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Speaker 2: America's destiny was reclaimed, and the day that we began

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Speaker 2: to make America wealthy again.

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Speaker 1: That is President Trump speaking there. We also heard from

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Speaker 1: Mary Lovely, senior fellow at the Peterson Institute for International Economics,

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Speaker 1: and she called these tariffs much worse than feared. Mexico

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Speaker 1: and Canada were not named. Trump is keeping the tariff

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Speaker 1: exemption in place for USMCA products. However, the levees on

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Speaker 1: steel and aluminum do remain in place, and twenty five

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Speaker 1: percent tariffs on autos and light trucks are about to

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Speaker 1: take effect. And we are now hearing from China. The

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Speaker 1: government has firmly opposed the latest US tariff move. According

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Speaker 1: to a statement from the Ministry of Commerce, Beijing is

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Speaker 1: vowing to take countermeasures to safeguard its own interest. Meantime,

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Speaker 1: in Australia, Prime Minister Anthony Albanizi called the imposition of

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Speaker 1: a ten percent baseline tariff on Australian goods a poor decision,

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Speaker 1: and Albanizi added he would not respond with retaliatory levies.

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Speaker 1: Here is Albanizi speaking with reports for Australia.

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Speaker 3: These tariffs are not unexpected, but let me be clear,

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Speaker 3: they are totally unwarranted. President Trump referred to reciprocal tariffs.

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Speaker 3: A reciprocal tariff would be zero, not ten percent. The

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Speaker 3: administration's tariffs have no basis in logic, and they go

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Speaker 3: against the basis of our two nations partnership. This is

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Speaker 3: not the act of a friend.

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Speaker 1: That is Australian Prime Minister Anthony Albanizi. He went on

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Speaker 1: to say that Australia would strengthen its anti dumping regime

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Speaker 1: and provide millions of dollars in support to affected sectors

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Speaker 1: and create trade missions to diversify its export partners. Shares

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Speaker 1: and Tesla jump by more than five percent today, This

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Speaker 1: on hope Elon Musk will refocus on the Carmaker. This

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Speaker 1: after Politico reported that Musk's time as a top advisor

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Speaker 1: to President Trump may soon end. Later in the day,

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Speaker 1: Press Secretary Caroline Levit posted x that Musk will depart

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Speaker 1: from public service when his work at DOGE is complete,

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Speaker 1: as previously stated, and she dismissed the Politico story, calling

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Speaker 1: it garbage. Investors, meantime, have been concerned about Musk's absence

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Speaker 1: from Tesla, as well as a lack of strategy when

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Speaker 1: it comes to addressing consumer backlash. Here is Bloomberg's Max Chafkin.

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Speaker 4: So we've seen that play out in the sales, and

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Speaker 4: the stock is going up at the moment. My assumption

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Speaker 4: is people reading this political report and thinking, Okay, look,

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Speaker 4: he's going to have influence in Washington. It's it's going

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Speaker 4: to be hard to like totally untangle Elon Musk from

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Speaker 4: Donald Trump. But if he's not in the White House

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Speaker 4: on a day to day basis, that's got to help

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Speaker 4: Tesla a little bit, both because Elon Musk is going

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Speaker 4: to be less distracted and perhaps because he won't suffer

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Speaker 4: the brand penalty as much.

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Speaker 1: That is Bloomberg's Max Chafkin. Sources tell Bloomberg that Amazon

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Speaker 1: has reportedly made a last minute bid to buy the

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Speaker 1: US operations of TikTok. Now President Trump will soon decide

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Speaker 1: the fate of those operations before a deadline comes on Saturday,

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Speaker 1: when the Chinese owner of TikTok must either find a

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Speaker 1: buyer or face a ban in the US. Here is

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Speaker 1: Bloomberg's Spencer Soaper.

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Speaker 5: It's really a site where people dip in by what

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Speaker 5: they need dip out, you know, which has been very

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Speaker 5: good for Amazon. But if it could get people to

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Speaker 5: linger around and be entertained there, all the better. You know,

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Speaker 5: people spend even more in its advertising business will be

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Speaker 5: that much more lucrative.

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Speaker 1: That is Bloomberg Spencer Soaper. Earlier, The New York Times

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Speaker 1: reported Amazon made and eleventh hour bid in a letter

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Speaker 1: to Vice President jd Vance and Commerce Secretary Howard Lutnik. Meantime,

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Speaker 1: The Financial Times was reporting that the White House is

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Speaker 1: close to approving the sale of half of TikTok's US

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Speaker 1: operations to a group of new outside investors, including Andresen Hurwitz,

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Speaker 1: Blackstone and some other large private equity players. And that

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Speaker 1: is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisner, and this is Bloomberg