News when you wanted with Bloomberg News Now, I'm Dan Schwartzman. President Trump says that he quote couldn't care less if car prices are raised by automakers. In response to his planned twenty five percent tariff on auto parts, Trump stated that if carmakers decide to raise prices, people would just start buying American made cars. Imported cars and light trucks accounted for around half of the roughly sixteen million vehicles
sold in the US last year. JP Morgan Chase analysts estimate that car prices will jump eleven percent on average if Trump implements the tariffs. Trump in the interview also went on to say that he's looking at an next screen land and won't take the option of doing so using military force off the table, although he doesn't believe he'll have to resort to that. The president also said he does not plan to fire anyone over the security
leak of planned military action in Yemen. On this signal chat app, the death told Me and mar from the seven point seven magnitude earthquake has passed sixteen hundred, with over thirty four hundred people injured and one hundred and thirty nine still missing, with extensive damage reported in the city of Mandalay. International rescue teams from China, India, and Russia have arrived to assist, while countries including the US have pledged to send aid following the military junta's rare
request for international help. In neighboring Thailand, rescues are searching for dozens of people missing from a collapsed high rise building in Bangkok, and authorities have declared the quake a Level three disaster, with safety audits and temporary shelters set up in response. We're hearing Ukraine plans to ask for changes to President Trump's for post sweeping new economic deal with the US. More details from Bloomberg's Denise Pellegrini.
A draft proposal of this deal seen by Bloomberg News would grant Washington control over all major future infrastructure and mineral investments in Ukraine and with no time limit attached, but sources Saikiev is concerned the deal may undermine its bid to join the European Union and require it to pay US military and economics support provided since the start
of Russia's war with Ukraine. Ukrainian officials, as a result, are seeking clarification and amendments to this deal with the US, and they want to pledge for more US investment as part of a reward.
Vice President Jade Vance raised attempt sture on relations with Denmark, criticizing the European ally for not doing a good job of keeping Greenland safe while under investing in the island's people and security architecture. Danish Foreign Minister Loke Rasmussen says Denmark is willing to discuss a larger American security presence, but we are open to criticism. But let me be completely honest. We do not appreciate the tone in which is being delivered. This is not how you speak to
your close allies. Meanwhile, President Trump believes the US needs to take control of Greenlands for international security, citing the presidence of Chinese and Russian ships in the area. The Trump administration has revoked permits and waivers allowing Western energy firms such as Global Oil Terminals REPSOL and morel et
Prom to operate in Venezuela. President Trump recently gave Chevron a deadline of May twenty seventh to wrap up its operations in the country as a way to pressure Venezuelan President Nicholas Maduro's regime to make democratic reforms as well as accept the return of more Venezuelans who had migrated
to the US. Another near miss a Reagan National Airport in Washington, as a Delta flight was cleared for takeoff at the same time four US Air Force T thirty eight tallon jets were inbound for a flyover of Arlington National Cemetery. The commercial flight received an on board alert of a nearby aircraft, while air traffic controllers issued corrective instructions to both airplanes. The Delta plane was carrying one hundred and thirty one passengers, with two pilots and three
flight attendants. The incident comes just two months after mid air collision above the same airport killed sixty seven people. As the federal government seeks to cut spending, Defense Secretary Pete Hegsith has signed AI a memorandum that aims reduced the Department of Defense's civilian workforce. The DoD announced plans last month to fire between five and eight percent of its civilian workforce, which currently numbers around nine hundred and
fifty thousand employees. The proposed cuts could number seventy six thousand. HEXAI called for the implementation of the Deferred Resignation Program and for offering voluntary early retirement to eligible civilian employees. The NCAA Men's college basketball ellegiate matchups began and today with one seed Florida holding on to beat three seed Texas Tech advance the Final four, while currently one seed
Duke is battling two seed Alabama. Tomorrow's games feature two one versus two matchups, as one seed Houston takes on two seed Tennessee, while one seed Auburn plays two seed Michigan State. That's news when he want it with Bloomberg News. Now, I'm Dan Schwartzman, and this is Bloomberg