News when you wanted with Bloomberg News. Now, I'm Doug Prisner. We begin in Washington, where earlier today President Trump issued an order allowing a twenty five percent tariff on any nation purchasing oil and gas from Venezuela, and at the same time, Trump doubled down on new levies for lumber, cars, and chips. This was one of many tariff announcements made today, and President Trump also hinted at the possibility of giving some countries a break on impending reciprocal tariffs.
Here is Trump, we may take less than what they're charging because they've charged us so much. I don't think they could take it. In other words, they've charged us so much that I'm embarrassed to charge them what they've charged us. But it'll be substantial and you'll be hearing about that on April second.
Now, these comments sowed further confusion ahead of that scheduled announcement on April the second. Meantime, the President told reporters he's planning to proceed with long threatened auto tariffs over the next few days ahead of a broader package. We got reaction today from josh Win Grove. He has senior White House correspondent for Bloomberg News.
We think that the plan coming on aprilsecond, as of now, is taking shape as a narrower plan than he's mused about in the past, chiefly because he's long since sort of moved off the plan for a global tariff, and now we'll do these reciprocal tariffs, but not necessarily in every country, and that the plan as of now does not firmly include, as we report a couple of days ago, those sectoral tariffs.
That is Bloomberg's josh Win Grove, the editor and chief of The Atlantic. Jeffrey Goldberg was accidentally added to a group text where top US officials discussed plans to bomb Hoothy targets and Yemen. This group included Defense Secretary Pete Hegseth, Vice President J. D. Vance, and Secretary of State Marco Rubio. Heg Seth responded and discredited Goldberg.
You're talking about a deceitful and highly discredited so called journalists who's made a profession of pedaling hoax his time and time again.
That is Defense Secretary Pete Hegseth speaking there. We got reaction today from Bloomberg Politics contributor Genie Shanzeno.
To imagine that the people in charge of our top secret classified information have decided to jump on a you know what they call an encrypted or secure chat, and to add somebody who's a reporter from the Atlanta Goldberg who wrote that piece in twenty twenty after all, and to add him by mistake, and then to discuss classified information. It is mind numbingly stunning, That is.
Bloomberg Politics contributor Genie Shanzeno. By the way, the breach was acknowledged by the White House, However, the significance was downplayed. Officials said the contents did not put anyone in danger and it showed deep and thoughtful policy coordination between senior officials. We go to Business News next. Hondai Motor unveiled plans today to invest five point eight billion dollars in American manufacturing.
Executives from the South Korean automaker joint President Trump and Republican lawmakers Here is Trump.
This will be Hyundai's first ever steel mill in the United States, one of the largest companies in the world by the way, supplying steel for pseudo parts and auto plants, and Alabama and Georgia which will soon produced more than one million American made cars every single year.
Now, Hondai is planning to spend about twenty one billion dollars in the US through twenty twenty eight on vehicle production and other projects. The company also said the investment would strengthen the steel supply chain in the United States. In addition, Hondai is intending to purchase three billion dollars in American liquefied natural gas. Trump touted the investments as
a direct result of his tariff policy. The head of the Atlanta Fed, Rafael Bostik, sees just one rate cut as likely this year rather than two with tariff's impeding progress on disinflation. Here is Bostik speaking earlier to Bloomberg.
So I was a two. I moved to one mainly because I think we're going to see inflation be very bumpy and not moved dramatically and in a clear way to the two percent target, because that's being pushed back. I think the appropriate path for policy is also going to have to be pushed back in getting us to that neutral level.
That is raphae Albostik from the Atlanta Fed. He now sees price growth returning to the Fed's two percent goal at some point in early twenty twenty seven. Now, that is in line with the fed's forecast published last week in September, though officials had estimated they would reach their inflation target in twenty twenty six. Bostik also said given the pause on policy right now, the fed's actions may need to be larger than they would otherwise when rates
are adjusted. Samsung Electronics says it's co CEO, Han Jung he has died. The company did not provide further details, although Cho Sun Biz earlier reported Han died due to a heart attack. Han oversaw the consumer electronics and mobile device division for Korea's largest company. He was sixty three years old old. And that is news when you want it with Bloomberg News. Now, I'm Doug Krisner, and this is Bloomberg