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Trump Waits For Iran Response, US-EU Trade Deal Stumbles Again

5/7/202617 min

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) The Trump administration is waiting on Iran to respond to its proposal to reopen the Strait of Hormuz and end a war that’s killed thousands of people and triggered a surge in energy prices. Iran is expected to give an answer in the coming days, though its leaders have previously shown little sign of yielding on their nuclear program and accepting a moratorium on enriching uranium.
2) The European Union failed to finalize a US trade deal during overnight talks, despite warnings from President Donald Trump that he would soon impose fresh tariffs. Negotiators will continue talks in the coming weeks, with officials committed to moving swiftly, according to Cypriot Energy Minister Michael Damianos. The EU is under pressure from the US to ratify the trade pact, with Trump threatening to increase duties on EU cars and trucks to 25% if the EU doesn't make substantial progress.
3) Secretary of State Marco Rubio leaves for Rome today, reprising his role as a more Euro-friendly voice of the administration. He’ll visit with the pope and Italian leader Giorgia Meloni, who have clashed with President Donald Trump, but the stakes go beyond that. Rubio will land amid wider tension with Europe as the president chose to 5,000 troops out of Germany and threatens to do similar in Italy and Spain, while reupping his attacks on Pope Leo XIV for good measure.

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First 90 seconds
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  6. Speaker 20:58

    [upbeat music] Bloomberg Audio Studios. Podcasts. Radio. News.

  7. Nathan Hager· Host1:06

    [upbeat music] Good morning, I'm Nathan Hager.

  8. Alexis Christoforous· Co-host1:10

    And I'm Alexis Christopher. Here are the stories we're following today.

  9. Nathan Hager· Host1:14

    Alexis, the ceasefire between the US and Iran has reached the one-month mark, and this morning, both sides are circling around a new proposal to end their nearly 10-week war. The way President Trump puts it, he already has.

  10. Donald Trump· Soundbite1:27

    Their leaders are all dead, so I think

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