September 13, 2025: Tariffs Face Legal Threat Risking Deficit Plan, China’s US Probes, More

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Episode Transcript

Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I
made Cutleggi. President Trump's tariff hikes have generated a new
stream of cash for the Treasury, but that makes them
potentially riskier when it comes to the President's deficit plans.
We get more from Bloomberg's Denise Pellegrini.

Speaker 2 (00:17):
Treasury Department figure show American importers and others have paid
one hundred and sixty five billion dollars in customs duties
in the first eleven months of this fiscal year, ninety
five billion dollars more than a year ago. But the
legality of President Trump's use of the International Emergency Economic
Powers Act to impose tariffs has been called in question
by a federal appeals court ruling that could lead to

(00:38):
the Treasury Department being forced to pay out a large
refund if the Supreme Court rules against the White House,
an economists warn that could lead to a significant increase
in the budget deficit and rattle bond investors. Denise Pelgriney
Bloomberg Radio.

Speaker 1 (00:53):
China launched two investigations targeting the US semiconductor sector ahead
of planned talks between the two nations on trade and
other issues. The Ministry of Commerce said in a statement
on Saturday that it's opened an anti dumping probe relating
to certain American made analog ic chips, the sort of
products sold by Texas instruments and analog devices. At the

(01:14):
same time, the Ministry also kicked off an anti discrimination
investigation into US moves against the Chinese chip sector. The
probes come shortly after the US added twenty three more
China based companies to its Entity List, which imposes restrictions
on businesses deemed to be acting contrary to the national
security or foreign policy interests of the US. President Trump

(01:36):
says he's prepared to move ahead with major sanctions on
Russian oil if NATO countries do the same. Trump, a
day after he said he was losing patients with President
Vladimir Putin over the war in Ukraine, said he's ready
to do major sanctions on Russia when all NATO nations
have agreed and started to do the same thing, and
when all NATO nations stopped buying oil from Russia, posting

(01:58):
this on truth social early Saturday. Bloomberg reported Friday that
the US planned to urge allies in the Group of
Seven to impose tariffs as high as one hundred percent
on China and India for their purchases of Russian oil
as part of an effort to convince Putin to end
Russia's invasion of its neighbor. Poland's Operational Command set in

(02:18):
a post on x that Poland deployed air force jets
for the second time in a week, alerted residents enclosed
Lublin Airport near the Ukrainian border because of drones flying
in its neighbour's airspace. Separately, Romanian fighter jets were launched
as Russia attacked Ukrainian territory near the nation's shared border
near the Danube River. The Defense Ministry set a UAV

(02:39):
was detected inside Romania's airspace. Prime Minister Donald Tusk sat
in a separate post that the action was preventative and
that Poland's air defense systems were placed on the highest
alert amid the threat of Russian drones over Ukraine. Punch
Bowl News reports the Trump administration is asking Congress for
an extra fifty eight million dollars to bolsters secure urity

(03:00):
for the executive and judicial branches following the fatal shooting
of Conservative figure Charlie Kirk. This, according to a White
House official. The request to include the extra funding and
an upcoming stopgap bill comes ahead of a September thirtieth
deadline when the current federal spending law runs out. The
administration also signaled support for expanding resources to safeguard lawmakers

(03:21):
that had left the specifics of that decision to the
legislative branch. NATO's Baltic members are looking for a little
help from Congress in keeping a military financing initiative in place.
Bloomberg's Amy Marris reports from Washington.

Speaker 3 (03:36):
They're asking for a key military financing initiative to be
preserved after the Pentagon set it planned to cut funding
for European nations bordering Russia. The cuts would affect hundreds
of millions of dollars and in particular impact the Baltic
Security Initiative for Estonia, Latvia and Lithuania. The plan to
dial back US support as part of President Trump's shifting

(03:57):
priorities to focus away from Europe and towards checks in Washington,
Amy Moore as Bloomberg Radio.

Speaker 1 (04:02):
A massive London march organized by far right activist Tommy
Robinson became unruly Saturday as a small group of his
supporters clashed with police who were separating them from counter protesters.
Several officers were punched, kicked, and struck by bottles tossed
by people at the fringes of the Unite the Kingdom rally.
The Centers for Disease Control is putting more funding into

(04:23):
studying links between vaccines and autism. Bloomberg's Nathan Hager reports
from Washington.

Speaker 4 (04:29):
The CDC plans to fund a study at rensala Or
Polytechnic University into the theory that has become a cornerstone
of the anti vaccine movement. Health and Human Services Secretary
Robert F. Kennedy Junior has said the links deserve further study.
The National Institutes of Health has announced fifty million dollars
in grants to look into vaccine links to autism. Kennedy
has promised to report on autism's causes this month in Washington.

(04:53):
I'm Nathan Hager, Bloomberg Radio.

Speaker 1 (04:55):
That's news when you want it with Bloomberg News Now.
I'm Ad Koleggy. This is Bluebird