1 00:00:00,920 --> 00:00:04,120 Speaker 1: News when you want it with Bloomberg News Now, I 2 00:00:04,200 --> 00:00:07,680 Speaker 1: made Cutleggi. President Trump's tariff hikes have generated a new 3 00:00:07,720 --> 00:00:10,600 Speaker 1: stream of cash for the Treasury, but that makes them 4 00:00:10,640 --> 00:00:14,160 Speaker 1: potentially riskier when it comes to the President's deficit plans. 5 00:00:14,480 --> 00:00:16,920 Speaker 1: We get more from Bloomberg's Denise Pellegrini. 6 00:00:17,040 --> 00:00:20,560 Speaker 2: Treasury Department figure show American importers and others have paid 7 00:00:20,560 --> 00:00:23,480 Speaker 2: one hundred and sixty five billion dollars in customs duties 8 00:00:23,520 --> 00:00:26,120 Speaker 2: in the first eleven months of this fiscal year, ninety 9 00:00:26,160 --> 00:00:28,840 Speaker 2: five billion dollars more than a year ago. But the 10 00:00:28,920 --> 00:00:32,519 Speaker 2: legality of President Trump's use of the International Emergency Economic 11 00:00:32,640 --> 00:00:35,880 Speaker 2: Powers Act to impose tariffs has been called in question 12 00:00:35,960 --> 00:00:38,680 Speaker 2: by a federal appeals court ruling that could lead to 13 00:00:38,720 --> 00:00:41,559 Speaker 2: the Treasury Department being forced to pay out a large 14 00:00:41,600 --> 00:00:44,640 Speaker 2: refund if the Supreme Court rules against the White House, 15 00:00:44,880 --> 00:00:48,479 Speaker 2: an economists warn that could lead to a significant increase 16 00:00:48,600 --> 00:00:52,720 Speaker 2: in the budget deficit and rattle bond investors. Denise Pelgriney 17 00:00:52,720 --> 00:00:53,800 Speaker 2: Bloomberg Radio. 18 00:00:53,840 --> 00:00:57,960 Speaker 1: China launched two investigations targeting the US semiconductor sector ahead 19 00:00:57,960 --> 00:01:00,400 Speaker 1: of planned talks between the two nations on trade and 20 00:01:00,600 --> 00:01:03,520 Speaker 1: other issues. The Ministry of Commerce said in a statement 21 00:01:03,560 --> 00:01:07,080 Speaker 1: on Saturday that it's opened an anti dumping probe relating 22 00:01:07,080 --> 00:01:10,640 Speaker 1: to certain American made analog ic chips, the sort of 23 00:01:10,680 --> 00:01:14,319 Speaker 1: products sold by Texas instruments and analog devices. At the 24 00:01:14,319 --> 00:01:17,240 Speaker 1: same time, the Ministry also kicked off an anti discrimination 25 00:01:17,360 --> 00:01:21,640 Speaker 1: investigation into US moves against the Chinese chip sector. The 26 00:01:21,720 --> 00:01:24,720 Speaker 1: probes come shortly after the US added twenty three more 27 00:01:24,840 --> 00:01:28,720 Speaker 1: China based companies to its Entity List, which imposes restrictions 28 00:01:28,760 --> 00:01:32,000 Speaker 1: on businesses deemed to be acting contrary to the national 29 00:01:32,000 --> 00:01:36,640 Speaker 1: security or foreign policy interests of the US. President Trump 30 00:01:36,640 --> 00:01:39,200 Speaker 1: says he's prepared to move ahead with major sanctions on 31 00:01:39,280 --> 00:01:42,360 Speaker 1: Russian oil if NATO countries do the same. Trump, a 32 00:01:42,440 --> 00:01:45,240 Speaker 1: day after he said he was losing patients with President 33 00:01:45,319 --> 00:01:48,320 Speaker 1: Vladimir Putin over the war in Ukraine, said he's ready 34 00:01:48,360 --> 00:01:51,160 Speaker 1: to do major sanctions on Russia when all NATO nations 35 00:01:51,200 --> 00:01:54,040 Speaker 1: have agreed and started to do the same thing, and 36 00:01:54,120 --> 00:01:58,200 Speaker 1: when all NATO nations stopped buying oil from Russia, posting 37 00:01:58,200 --> 00:02:01,960 Speaker 1: this on truth social early Saturday. Bloomberg reported Friday that 38 00:02:02,000 --> 00:02:04,600 Speaker 1: the US planned to urge allies in the Group of 39 00:02:04,680 --> 00:02:07,600 Speaker 1: Seven to impose tariffs as high as one hundred percent 40 00:02:07,920 --> 00:02:11,080 Speaker 1: on China and India for their purchases of Russian oil 41 00:02:11,480 --> 00:02:13,960 Speaker 1: as part of an effort to convince Putin to end 42 00:02:14,040 --> 00:02:18,239 Speaker 1: Russia's invasion of its neighbor. Poland's Operational Command set in 43 00:02:18,280 --> 00:02:21,360 Speaker 1: a post on x that Poland deployed air force jets 44 00:02:21,360 --> 00:02:24,519 Speaker 1: for the second time in a week, alerted residents enclosed 45 00:02:24,639 --> 00:02:28,360 Speaker 1: Lublin Airport near the Ukrainian border because of drones flying 46 00:02:28,400 --> 00:02:32,440 Speaker 1: in its neighbour's airspace. Separately, Romanian fighter jets were launched 47 00:02:32,480 --> 00:02:36,320 Speaker 1: as Russia attacked Ukrainian territory near the nation's shared border 48 00:02:36,360 --> 00:02:39,519 Speaker 1: near the Danube River. The Defense Ministry set a UAV 49 00:02:39,760 --> 00:02:44,239 Speaker 1: was detected inside Romania's airspace. Prime Minister Donald Tusk sat 50 00:02:44,320 --> 00:02:47,120 Speaker 1: in a separate post that the action was preventative and 51 00:02:47,160 --> 00:02:50,080 Speaker 1: that Poland's air defense systems were placed on the highest 52 00:02:50,080 --> 00:02:54,040 Speaker 1: alert amid the threat of Russian drones over Ukraine. Punch 53 00:02:54,040 --> 00:02:57,280 Speaker 1: Bowl News reports the Trump administration is asking Congress for 54 00:02:57,320 --> 00:03:00,320 Speaker 1: an extra fifty eight million dollars to bolsters secure urity 55 00:03:00,400 --> 00:03:04,000 Speaker 1: for the executive and judicial branches following the fatal shooting 56 00:03:04,000 --> 00:03:07,160 Speaker 1: of Conservative figure Charlie Kirk. This, according to a White 57 00:03:07,200 --> 00:03:10,200 Speaker 1: House official. The request to include the extra funding and 58 00:03:10,240 --> 00:03:13,280 Speaker 1: an upcoming stopgap bill comes ahead of a September thirtieth 59 00:03:13,320 --> 00:03:16,680 Speaker 1: deadline when the current federal spending law runs out. The 60 00:03:16,760 --> 00:03:21,480 Speaker 1: administration also signaled support for expanding resources to safeguard lawmakers 61 00:03:21,639 --> 00:03:24,320 Speaker 1: that had left the specifics of that decision to the 62 00:03:24,440 --> 00:03:29,120 Speaker 1: legislative branch. NATO's Baltic members are looking for a little 63 00:03:29,160 --> 00:03:32,919 Speaker 1: help from Congress in keeping a military financing initiative in place. 64 00:03:33,320 --> 00:03:36,120 Speaker 1: Bloomberg's Amy Marris reports from Washington. 65 00:03:36,200 --> 00:03:39,440 Speaker 3: They're asking for a key military financing initiative to be 66 00:03:39,520 --> 00:03:42,520 Speaker 3: preserved after the Pentagon set it planned to cut funding 67 00:03:42,600 --> 00:03:46,600 Speaker 3: for European nations bordering Russia. The cuts would affect hundreds 68 00:03:46,600 --> 00:03:49,680 Speaker 3: of millions of dollars and in particular impact the Baltic 69 00:03:49,760 --> 00:03:54,080 Speaker 3: Security Initiative for Estonia, Latvia and Lithuania. The plan to 70 00:03:54,160 --> 00:03:57,080 Speaker 3: dial back US support as part of President Trump's shifting 71 00:03:57,120 --> 00:04:01,360 Speaker 3: priorities to focus away from Europe and towards checks in Washington, 72 00:04:01,400 --> 00:04:02,760 Speaker 3: Amy Moore as Bloomberg Radio. 73 00:04:02,960 --> 00:04:06,280 Speaker 1: A massive London march organized by far right activist Tommy 74 00:04:06,360 --> 00:04:09,200 Speaker 1: Robinson became unruly Saturday as a small group of his 75 00:04:09,280 --> 00:04:12,960 Speaker 1: supporters clashed with police who were separating them from counter protesters. 76 00:04:13,400 --> 00:04:17,000 Speaker 1: Several officers were punched, kicked, and struck by bottles tossed 77 00:04:17,040 --> 00:04:20,680 Speaker 1: by people at the fringes of the Unite the Kingdom rally. 78 00:04:21,240 --> 00:04:23,920 Speaker 1: The Centers for Disease Control is putting more funding into 79 00:04:23,960 --> 00:04:28,240 Speaker 1: studying links between vaccines and autism. Bloomberg's Nathan Hager reports 80 00:04:28,279 --> 00:04:29,120 Speaker 1: from Washington. 81 00:04:29,200 --> 00:04:31,640 Speaker 4: The CDC plans to fund a study at rensala Or 82 00:04:31,680 --> 00:04:35,240 Speaker 4: Polytechnic University into the theory that has become a cornerstone 83 00:04:35,279 --> 00:04:38,720 Speaker 4: of the anti vaccine movement. Health and Human Services Secretary 84 00:04:38,760 --> 00:04:42,159 Speaker 4: Robert F. Kennedy Junior has said the links deserve further study. 85 00:04:42,440 --> 00:04:45,559 Speaker 4: The National Institutes of Health has announced fifty million dollars 86 00:04:45,640 --> 00:04:48,760 Speaker 4: in grants to look into vaccine links to autism. Kennedy 87 00:04:48,760 --> 00:04:53,040 Speaker 4: has promised to report on autism's causes this month in Washington. 88 00:04:53,120 --> 00:04:54,960 Speaker 4: I'm Nathan Hager, Bloomberg Radio. 89 00:04:55,160 --> 00:04:57,880 Speaker 1: That's news when you want it with Bloomberg News Now. 90 00:04:58,120 --> 00:05:00,800 Speaker 1: I'm Ad Koleggy. This is Bluebird