Cryptoeu

US Trade Representative Jamieson Greer says he expects the European Union to keep "its side of the trade deal" that was agreed to in July. The EU has not ratified the package yet. Greer also says President Donald Trump will discuss China's purchases of Iranian oil when he meets with Xi Jinping next week. Greer speaks on "Bloomberg Surveillance."

US Ambassador to the EU Andrew Puzder says President Donald Trump could go ahead with a 25% tariff on European cars and trucks "relatively soon" if there is no progress on the bloc's ratification of a a trade deal that the two sides initially reached last July. Puzder talks with Bloomberg's Oliver Crook in Brussels.

French Trade Minister Nicolas Forissier discusses the trade relationship between the European Union and the US as President Donald Trump threatened to raise tariffs on cars and trucks from the EU to 25%. EU officials have said all options will be on the table if Trump follows through with the threat as the two sides work to implement the agreement. "There was an agreement last July, and so now we have to implement it," Forissier tells Bloomberg Television.

President Donald Trump says he will increase tariffs on cars and trucks from the European Union to 25%, claiming the bloc is not complying with a trade agreement.

Romanian President Nicușor Dan tells Bloomberg's Oliver Crook that Bucharest backs the NATO transatlantic alliance, as he highlights US-Romanian economic ties with the country aiming to boost domestic natural gas production.

Ifo President Clemens Fuest says Germany could be "at the beginning of a stagflationary shock" after the institute's expectations index dropped to 83.3 in April from a revised 85.9 the previous month the lowest level since August 2023. He speaks on Bloomberg Television.

Ukrainian accession is at the forefront of the agenda at April's informal leaders summit in Nicosia, Cyprus, where EU leaders are talking about how Kyiv can accede to the bloc. Estonian Prime Minister Kristen Michal speaks to BTV's Oliver Crook in Larnaca, Cyprus.

Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as the Iran war weighs on consumers. The Composite PMI compiled by S&P Global declined to 48.6 in April from 50.7 the previous month, dropping below the 50 threshold separating growth from contraction. In the UK PMI data showed that the private sector quickly bounced back from a slowdown caused by the Iran war as firms rushing to secure supplies and price pressures mounting. Hugh Gimber, Global Market Strategist, JP Morgan joined Stephen Carroll on Bloomberg Radio to discuss. he says business costs are 'rising sharply.'

Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as the Iran war weighs on consumers. Bloomberg's Zoe Schneeweiss reports.

The European Union proposed "AccelerateEU" to navigate the Iran war-driven crisis, which it says it could reverberate for years. The plan aims to curb energy prices and address potential fuel shortages without undermining the bloc's climate ambitions or triggering damaging competition between nations. EU leaders are set to discuss the plan at a meeting in Cyprus. Bloomberg's Oliver Crook reports from Nicosia.