Trump Vows 25% Tariff on Countries Doing Business With Iran | Daybreak Europe 1/13/2026

Posted on 01/13/2026
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.

On today's show, Donald Trump vowed to impose a 25% tariff on goods from any country doing business with Iran, a move that risks upending America’s trade truce with China, the world’s top buyer of Iranian oil.

The Trump administration's probe into the central bank triggers a backlash in Washington, with key Republicans warning Fed independence is being eroded.

The yen weakened to its lowest since July 2024 and stocks soared after Kyodo reported PM Sanae Takaichi intends to call a snap election. The move is aimed at solidifying support for her hawkish political stance and pro-stimulus policies.

Today's guests: Ali Vaez, Iran Project Director and Senior Adviser at International Crisis Group & Cardiff University Politics lecturer, Marta Lorimer.



Chapters:

00:00:00 - Daybreak Europe

00:00:49 - Asia Shares Hit Record on Valuations

00:03:57 - Powell Probe Stirs GOP Concern, Threat to Stop Trump Nominee

00:10:05 - Japan Bonds Slump on Snap Election Report

00:13:09 - Yen Slump Deepens Even After Katayama, Bessent Share Concerns

00:16:01 - Trump Vows 25% Tariff on Countries Doing Business With Iran

00:16:35 - Ali Vaez, International Crisis Group Iran Project Director

00:23:14 - Europe Weighs Minimum Price on Chinese EVs

00:29:02 - Denmark, Greenland Reps in Washington for Talks

00:31:05 - Marine Le Pen Argues Election Ban is Appropriate

00:33:11 - Cardiff University Politics lecturer, Marta Lorimer

00:37:55 - Ermotti: Proposed Banking Regulations in Switzerland go Too Far

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