Trump Says US to Guide Ships Through Hormuz & US-EU Tariffs Dispute | Daybreak Europe 05/04/2026

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, President Trump says the US will begin guiding trapped ships through the Strait of Hormuz, but the details remain unclear.

China has ordered its companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade.

And, EU leaders are meeting after Donald Trump threatened to raise tariffs on EU-made vehicles to 25%, in an escalation of the tariff dispute. The US President has also threatened deeper cuts to the US military presence in Germany.

Today’s guest: Elias Haddad, Brown Brothers Harriman, Vice President & Global Head of Markets Strategy.

Chapters:
00:00:00 – Daybreak Europe
00:01:17 – Oil Steadies With Trump’s Hormuz Plan and Tanker Attack in Focus
00:06:13 – Trump Says US to Start Guiding Trapped Ships Through Hormuz
00:09:43 – OPEC+ Agrees Symbolic Quota Hike as UAE Touts Oil Investment
00:17:54 – Trump Vows 25% Tariff on European Autos
00:21:07 – ECB Warns of Mideast Conflict Impact
00:29:06 – EU Plans to Strike Partnership With Armenia
00:33:33 – Elias Haddad, Brown Brothers Harriman, Vice President & Global Head of Markets Strategy
00:41:20 – GameStop Is Offering to Buy eBay For $56 Billion
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