Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Prisner.
Speaker 1: We begin in Washington, where earlier today President Trump issued
Speaker 1: an order allowing a twenty five percent tariff on any
Speaker 1: nation purchasing oil and gas from Venezuela, and at the
Speaker 1: same time, Trump doubled down on new levies for lumber, cars,
Speaker 1: and chips. This was one of many tariff announcements made today,
Speaker 1: and President Trump also hinted at the possibility of giving
Speaker 1: some countries a break on impending reciprocal tariffs.
Speaker 2: Here is Trump, we may take less than what they're
Speaker 2: charging because they've charged us so much. I don't think
Speaker 2: they could take it. In other words, they've charged us
Speaker 2: so much that I'm embarrassed to charge them what they've
Speaker 2: charged us. But it'll be substantial and you'll be hearing
Speaker 2: about that on April second.
Speaker 1: Now, these comments sowed further confusion ahead of that scheduled
Speaker 1: announcement on April the second. Meantime, the President told reporters
Speaker 1: he's planning to proceed with long threatened auto tariffs over
Speaker 1: the next few days ahead of a broader package. We
Speaker 1: got reaction today from josh Win Grove. He has senior
Speaker 1: White House correspondent for Bloomberg News.
Speaker 3: We think that the plan coming on aprilsecond, as of now,
Speaker 3: is taking shape as a narrower plan than he's mused
Speaker 3: about in the past, chiefly because he's long since sort
Speaker 3: of moved off the plan for a global tariff, and
Speaker 3: now we'll do these reciprocal tariffs, but not necessarily in
Speaker 3: every country, and that the plan as of now does
Speaker 3: not firmly include, as we report a couple of days ago,
Speaker 3: those sectoral tariffs.
Speaker 1: That is Bloomberg's josh Win Grove, the editor and chief
Speaker 1: of The Atlantic. Jeffrey Goldberg was accidentally added to a
Speaker 1: group text where top US officials discussed plans to bomb
Speaker 1: Hoothy targets and Yemen. This group included Defense Secretary Pete Hegseth,
Speaker 1: Vice President J. D. Vance, and Secretary of State Marco Rubio.
Speaker 1: Heg Seth responded and discredited Goldberg.
Speaker 4: You're talking about a deceitful and highly discredited so called
Speaker 4: journalists who's made a profession of pedaling hoax his time
Speaker 4: and time again.
Speaker 1: That is Defense Secretary Pete Hegseth speaking there. We got
Speaker 1: reaction today from Bloomberg Politics contributor Genie Shanzeno.
Speaker 5: To imagine that the people in charge of our top
Speaker 5: secret classified information have decided to jump on a you
Speaker 5: know what they call an encrypted or secure chat, and
Speaker 5: to add somebody who's a reporter from the Atlanta Goldberg
Speaker 5: who wrote that piece in twenty twenty after all, and
Speaker 5: to add him by mistake, and then to discuss classified information.
Speaker 5: It is mind numbingly stunning, That is.
Speaker 1: Bloomberg Politics contributor Genie Shanzeno. By the way, the breach
Speaker 1: was acknowledged by the White House, However, the significance was downplayed.
Speaker 1: Officials said the contents did not put anyone in danger
Speaker 1: and it showed deep and thoughtful policy coordination between senior officials.
Speaker 1: We go to Business News next. Hondai Motor unveiled plans
Speaker 1: today to invest five point eight billion dollars in American manufacturing.
Speaker 1: Executives from the South Korean automaker joint President Trump and
Speaker 1: Republican lawmakers Here is Trump.
Speaker 2: This will be Hyundai's first ever steel mill in the
Speaker 2: United States, one of the largest companies in the world
Speaker 2: by the way, supplying steel for pseudo parts and auto plants,
Speaker 2: and Alabama and Georgia which will soon produced more than
Speaker 2: one million American made cars every single year.
Speaker 1: Now, Hondai is planning to spend about twenty one billion
Speaker 1: dollars in the US through twenty twenty eight on vehicle
Speaker 1: production and other projects. The company also said the investment
Speaker 1: would strengthen the steel supply chain in the United States.
Speaker 1: In addition, Hondai is intending to purchase three billion dollars
Speaker 1: in American liquefied natural gas. Trump touted the investments as
Speaker 1: a direct result of his tariff policy. The head of
Speaker 1: the Atlanta Fed, Rafael Bostik, sees just one rate cut
Speaker 1: as likely this year rather than two with tariff's impeding
Speaker 1: progress on disinflation. Here is Bostik speaking earlier to Bloomberg.
Speaker 6: So I was a two. I moved to one mainly
Speaker 6: because I think we're going to see inflation be very
Speaker 6: bumpy and not moved dramatically and in a clear way
Speaker 6: to the two percent target, because that's being pushed back.
Speaker 6: I think the appropriate path for policy is also going
Speaker 6: to have to be pushed back in getting us to
Speaker 6: that neutral level.
Speaker 1: That is raphae Albostik from the Atlanta Fed. He now
Speaker 1: sees price growth returning to the Fed's two percent goal
Speaker 1: at some point in early twenty twenty seven. Now, that
Speaker 1: is in line with the fed's forecast published last week
Speaker 1: in September, though officials had estimated they would reach their
Speaker 1: inflation target in twenty twenty six. Bostik also said given
Speaker 1: the pause on policy right now, the fed's actions may
Speaker 1: need to be larger than they would otherwise when rates
Speaker 1: are adjusted. Samsung Electronics says it's co CEO, Han Jung
Speaker 1: he has died. The company did not provide further details,
Speaker 1: although Cho Sun Biz earlier reported Han died due to
Speaker 1: a heart attack. Han oversaw the consumer electronics and mobile
Speaker 1: device division for Korea's largest company. He was sixty three
Speaker 1: years old old. And that is news when you want
Speaker 1: it with Bloomberg News. Now, I'm Doug Krisner, and this
Speaker 1: is Bloomberg