Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil, escalating a fight with a key Asian partner and sparking outrage in New Delhi.

(2) Donald Trump declared plans for a 100% tariff on semiconductor imports while promising to exempt companies such as Apple Inc. that move production back to the US, triggering a scramble among trading partners and companies worldwide to make sense of the threat.

(3) Switzerland’s president left Washington without announcing any success in lowering the 39% tariff that US President Donald Trump has put on her country.

(4) Three Federal Reserve policymakers voiced concerns about the US labor market Wednesday with remarks that pointed to a potential interest-rate cut in September.

(5) The Bank of England is set to cut interest rates to the lowest level in over two years, as its policymakers contend with a slowing economy and a jobs market rattled by higher taxes.

Podcast Conversation: A Private Island Fort Off the Coast of Wales Hits the Market

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil, escalating a fight with a key Asian partner and sparking outrage in New Delhi. (2) Donald Trump declared plans for a 100% tariff on semiconductor imports while promising to exempt companies such as Apple Inc. that move production back to the US, triggering a scramble among trading partners and companies worldwide to make sense of the threat. (3) Switzerland&rsquo;s president left Washington without announcing any success in lowering the 39% tariff that US President Donald Trump has put on her country. (4) Three Federal Reserve policymakers voiced concerns about the US labor market Wednesday with remarks that pointed to a potential interest-rate cut in September. (5) The Bank of England is set to cut interest rates to the lowest level in over two years, as its policymakers contend with a slowing economy and a jobs market rattled by higher taxes. Podcast Conversation:&nbsp;<a href="https://blinks.bloomberg.com/news/stories/T0KVT1GPL469" data-destination="https://blinks.bloomberg.com/news/stories/T0KVT1GPL469">A Private Island Fort Off the Coast of Wales Hits the Market</a>

Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

Bloomberg Daybreak: Europe Edition

Tariffs Take Effect, Trump Targets Chips, and A Welsh Island on Sale

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e8706660-32e9-4daf-8189-b332005d810e/transcript

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