Trade War: China Vows to Ready Emergency Plan, Policy Tools

25-04-2025

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, China has vowed to 'fully prepare' emergency plans for increasing external shocks, as a deepening trade war with Donald Trump puts pressure on the world's No. 2 economy. The decision-making Politburo led by President Xi Jinping also pledged to set up monetary tools and policy financing instruments to boost tech, consumption and trade, according to the official Xinhua News Agency. The Politburo readout said interest rates and banks' reserve equipment ratio will be cut when needed. Today's Guests: Hetal Mehta, Head of Economic Research at St James's Place & Tommy Stadlen, Co-Founder and General Partner of Giant Ventures. (Source: Bloomberg)

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