Elon Musk’s time leading DOGE is expected to wind down soon, but his stamp on the federal government will endure because he pulled dozens of people tied to his private-sector enterprises to work in Trump’s administration.

Read more: https://www.bloomberg.com/features/2025-elon-musk-trump-admin-network/?srnd=undefined&embedded-checkout=true&sref=omvmmwIg

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US President Donald Trump shocked the world -- and global markets -- with tariffs that exceeded expectations last week. But there was one region that was hit harder than most: Asia. Exporting powerhouses like China and Vietnam were slapped with some of the highest levies of any country, with China now facing an additional 50% tariff, bringing the total rate of its levies to more than 100%.

On today's Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg's John Liu in Beijing and John Boudreau in Ho Chi Minh City to discuss the reactions from Asian economies and how the tariff onslaught may upend the trading world order https://trib.al/E8lNpYT

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The National Transportation Safety Board said it isn’t ruling anything out as it probes the deadly crash of a New York City tourist helicopter.

“Everything is on the table,” NTSB Chair Jennifer Homendy said Friday during a media briefing on the accident, in which a sightseeing helicopter plunged into the Hudson River.

The aircraft was carrying a senior executive at Siemens AG, as well as his wife and three children. All six people aboard the helicopter, including the pilot, were killed.

The crash, involving a Bell 206 L-4 helicopter operated by tour company New York Helicopter, is the latest in a series of aviation accidents that have sparked public concern about the safety of flying. Earlier in the year, a US military helicopter collided with an American Airlines Group Inc. regional jet, killing 67 people in the worst US civil aviation disaster in decades.

The NTSB sent a team of investigators to the helicopter crash site Thursday evening, hours after the crash. The agency is reviewing a range of information as it tries to determine what caused the deadly accident, including reports of a large flock of birds in the area, the pilot’s qualifications and helicopter maintenance logs, Homendy said.

Read more: https://www.bloomberg.com/news/articles/2025-04-11/-everything-is-on-the-table-in-nyc-helicopter-probe-ntsb-says?srnd=phx-latest&sref=omvmmwIg

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President Donald Trump said his tariffs may cause “transition problems” but expressed confidence in his plan, after the White House clarified US tariffs on China rose to 145%.

“There’ll be a transition cost, and transition problems, but in the end it’s going to be a beautiful thing,” Trump said Thursday during a Cabinet meeting. “We’re in very good shape.”

The staggering US tariffs on the world’s second largest economy have triggered a tit-for-tat trade war that has unnerved global financial markets.

Trump is imposing a 125% charge designed to both counter America’s trade deficit with China and punish Beijing for retaliating against US import taxes. The number, published in a White House memo Thursday, comes in addition to a 20% levy put into place earlier this year over China’s role in fentanyl trafficking.

Read more: https://www.bloomberg.com/news/articles/2025-04-10/trump-tariffs-on-china-now-at-least-145-as-trade-war-ramps-up?sref=omvmmwIg

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The National Transportation Safety Board said it isn’t ruling anything out as it probes the deadly crash of a New York City tourist helicopter.

“Everything is on the table,” NTSB Chair Jennifer Homendy said Friday during a media briefing on the accident, in which a sightseeing helicopter plunged into the Hudson River.

The aircraft was carrying a senior executive at Siemens AG, as well as his wife and three children. All six people aboard the helicopter, including the pilot, were killed.

The crash, involving a Bell 206 L-4 helicopter operated by tour company New York Helicopter, is the latest in a series of aviation accidents that have sparked public concern about the safety of flying. Earlier in the year, a US military helicopter collided with an American Airlines Group Inc. regional jet, killing 67 people in the worst US civil aviation disaster in decades.

The NTSB sent a team of investigators to the helicopter crash site Thursday evening, hours after the crash. The agency is reviewing a range of information as it tries to determine what caused the deadly accident, including reports of a large flock of birds in the area, the pilot’s qualifications and helicopter maintenance logs, Homendy said.

Read more: https://www.bloomberg.com/news/articles/2025-04-11/-everything-is-on-the-table-in-nyc-helicopter-probe-ntsb-says?srnd=phx-latest&sref=omvmmwIg

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The White House is urging Americans concerned by global tariff battles to "trust" President Donald Trump as China retaliates.

Asked at Friday's news briefing about the falling consumer sentiment, White House press secretary Karoline Leavitt said that the public should trust in Trump as he executes his tariffs plan.

“As he said, this is going to be a period of transition,” she said. “He wants consumers to trust in him, and they should trust in him.”

China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown.

While Trump paused import taxes this week for other countries, he raised tariffs on China and they now total 145%. China has denounced the policy as “economic bullying” and promised countermeasures. The new tariffs begin on Saturday.

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Ukraine President Volodymyr Zelenskiy said the nation is willing to buy the next tranche of military assistance from the US while it still awaits a reply from the White House on the prospects of it sending vital future war-aid lifelines.

Ukraine has requested aid from Washington worth $30 billion to $50 billion, and it’s willing to pay for it — either directly to US or as a contribution to the joint mineral deal fund which is yet to be created, Zelenskiy told reporters on Wednesday in the capital Kyiv.

“We did not ask for next package free of charge,” Zelenskiy said.

US President Donald Trump is pushing Ukraine for a deal to share future profits from Ukrainian minerals, which he sees as compensation for the tens of billions of dollars in assistance given to the nation since the start of Russia’s full-scale invasion three years ago. Kyiv seeks a larger US investment as part of any agreement amid concerns that giving Washington vast privileges could complicate its bid to join the European Union.

Read more: https://www.bloomberg.com/news/articles/2025-04-09/zelenskiy-says-ukraine-is-ready-to-pay-for-new-war-aid-from-us?sref=omvmmwIg

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Spanish Prime Minister Pedro Sanchez called on the European Union to review its relationship with China amid the global turmoil sparked by the US move to set tariffs on most countries.

What US President Donald Trump is doing to global trade must push Europe to revise its willingness to find other new partners and open new markets, Sanchez said in a conversation with journalists on arriving in Vietnam for a three-day visit. The situation with the US means everybody needs to adapt, and this includes Europe changing its position toward China, but also China toward Europe, he said.

“A trade war is in no one interests. Nobody wins with a trade war,” Sanchez said in Vietnam on Wednesday as he started official talks. “Every country loses, especially workers and the middle class,” he said.

Sanchez is set to meet Vietnam’s President Luong Cuong and Prime Minister Pham Minh Chinh and take part in a business event the following day. It’s the first visit to Vietnam by a Spanish prime minister.

Read more: https://www.bloomberg.com/news/articles/2025-04-08/spain-s-sanchez-calls-on-eu-to-rethink-relationship-with-china?sref=omvmmwIg

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China retaliated against Donald Trump’s latest tariffs by hiking duties on all US goods, while calling the administration’s actions a “joke” and saying it no longer considers them worth matching.

Beijing will raise tariffs on all US goods from 84% to 125% starting April 12, the Ministry of Finance said on Friday, after the White House clarified that levies on Chinese goods rose to 145% this year.

“Given that American goods are no longer marketable in China under the current tariff rates, if the US further raises tariffs on Chinese exports, China will disregard such measures,” according to the statement.

Read more: https://www.bloomberg.com/news/articles/2025-04-11/china-raises-tariffs-on-us-goods-to-125-in-retaliation?sref=omvmmwIg

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US President Donald Trump ramped up pressure on Russia in his bid to secure a ceasefire over its war in Ukraine on the same day that an American envoy was meeting with Russian President Vladimir Putin.

“Russia has to get moving,” Trump wrote in a post to his social media platform on Friday, bemoaning the death toll and calling it a “terrible and senseless war.”

Putin has begun talks with US special envoy Steve Witkoff in St. Petersburg, the state-run Tass news service reported, citing the Kremlin’s press service.

Kremlin spokesman Dmitry Peskov said earlier the meeting with Witkoff was a good opportunity to communicate Russia’s positions to Trump, though he cautioned against expectations for a breakthrough, the Interfax news service reported.

This is the third time that Putin has held talks with Witkoff, who’s become a key intermediary in Trump’s attempts to bring an end to Russia’s war in Ukraine. Both previous visits were followed by phone calls between the two presidents.

Read more: https://www.bloomberg.com/news/articles/2025-04-11/kremlin-says-trump-aide-witkoff-arrived-in-russia-tass-reports?sref=omvmmwIg

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