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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, The European Commission has launched countermeasures to the new US tariffs on steel and aluminium, with plans to impose duties on American goods worth €26 billion. President Trump has dialled back a threat to double US tariffs on Canadian steel and metal imports to 50%. But he reiterated he wanted the country to become the 51st US state. Meanwhile, Ukraine has accepted a US proposal for a 30-day truce with Russia in exchange for lifting a freeze on military aid. The US will now take the proposal to Russia's President Vladimir Putin to seek his agreement. Today's Guests: Hanna Shelest, Director of the Security Studies Program at the think tank Ukrainian Prism, Marzena Hofrichter, Vice President and Portfolio Manager at Franklin Templeton Investment Solutions & Kusti Salm, CEO of Frankenburg Technologies. Chapters: 00:00:00 - Daybreak Europe 00:01:06 - EU Responds to US Tariffs on Aluminum, Steel 00:04:37 - Trump Walks Back 50% Canada Tariff Threat 00:07:12 - Asia Markets 00:09:19 - Trump Downplays Recession 00:12:51 - Ukraine Accepts Truce In Exchange For Aid 00:17:25 - Hanna Shelest, Director of the Security Studies Program, Ukrainian Prism 00:23:06 - Portugal's Government Collapses 00:23:28 - US House Passes Stopgap Funding Bill 00:25:09 - Rheinmetall Earnings 00:30:53 - Marzena Hofrichter, Vice President and Portfolio Manager, Franklin Templeton Investment Solutions 00:37:13 - Ukrainian President Volodymyr Zelenskiy On Ceasefire Proposal 00:37:38 - Tech Role in Europe's Defense Push 00:38:03 - Kusti Salm, CEO Frankenburg Technologies -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: / bloombergtv Facebook: / bloombergtelevision Instagram: / bloombergtv Connect with Bloomberg Business on: X: / business Facebook: / bloombergbusiness Instagram: / bloombergbusiness TikTok: https://www.tiktok.com/@bloombergbusi... Reddit: / bloomberg LinkedIn: / bloomberg-news More from Bloomberg: Bloomberg Radio: / bloombergradio Bloomberg Surveillance: / bsurveillance Bloomberg Politics: / bpolitics Bloomberg Originals: / bbgoriginals Watch more on YouTube: Bloomberg Technology: / @bloombergtechnology Bloomberg Originals: / @business Bloomberg Quicktake: / @bloombergquicktake Bloomberg Espanol: / @bloomberg_espanol Bloomberg Podcasts: / @bloombergpodcasts