Trump Tariffs: China, UK, Europe Among US Trade Partners Targeted | Daybreak Europe 06/03/2026

Watch on YouTube ↗  |  June 03, 2026 at 06:57  |  47:05  |  Bloomberg Markets
Speakers
Neil Campling — Tech/TMT Analyst
Winnie Hsu — Bloomberg Reporter (Asia Markets)

Summary

The episode covers US President Trump's proposal of new tariffs of at least 10% on imports from 60 trading partners, escalating geopolitical tensions between the US and Iran, and a continued AI-driven rally pushing Asian and US stocks to record highs. Key stock stories include SpaceX's massive IPO plans, Marvell and Broadcom surging on AI demand, and Inditex earnings. Japan equities see strong foreign inflows amid AI trade broadening.

  • US proposes new tariffs of at least 10% on imports from 60 nations over forced labor allegations.
  • US and Iran exchange strikes, putting a fragile ceasefire under strain.
  • AI optimism drives the S&P 500 to its ninth straight gain, matching longest streak since 1995.
  • SpaceX reportedly plans to set IPO terms at $135 per share, aiming to raise $75 billion.
  • Marvell surges after Jensen Huang predicts it could be the next $1 trillion company.
  • Broadcom expected to report nearly 50% revenue growth, a key AI chip partner for Google.
  • Japan stocks see record foreign inflows of $74 billion year-to-date, benefiting from AI supply chain exposure.
  • Inditex posts first-quarter earnings slightly above estimates, with gross margin improvement.
Trade Ideas
Winnie Hsu Bloomberg Reporter (Asia Markets) 7:58
Japan equities attract strong AI-driven inflows
Japanese stocks are seeing net inflows of $74 billion year-to-date, on track for the largest annual inflow since 2013. Japan is less concentrated and volatile, and offers good exposure to the AI supply chain as the AI trade broadens out.
EWJ MED
Neil Campling Tech/TMT Analyst 15:55
Marvell benefits from AI infrastructure expansion
Marvell is a key part of NVIDIA's ecosystem, sitting in the infrastructure layer, and expanding the addressable market for AI. The endorsement from Jensen Huang and the stock's surge highlight strong investor demand for AI-related plays beyond NVIDIA.
MRVL HIGH
Neil Campling Tech/TMT Analyst 17:58
Broadcom is a key AI chip partner
Broadcom is the third biggest contributor to S&P gains this quarter, is a key partner for Google's TPU chips as an alternative to NVIDIA, and is expected to report nearly 50% revenue growth. High expectations but strong position in the AI ecosystem.
AVGO HIGH
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This Bloomberg Markets video, published June 03, 2026, features Winnie Hsu, Neil Campling discussing EWJ, MRVL, AVGO. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Winnie Hsu, Neil Campling  · Tickers: EWJ, MRVL, AVGO