# AI CEOs Vs Trump, Minutes From Disaster, Swedish Voters In Limbo

An episode of [Bloomberg Daybreak: Europe Edition](https://invisiblenetwork.ai/podcast/1663863397), 14 Sep 2026, 23 min.

Audio: https://podtrac.com/pts/redirect.mp3/tracking.swap.fm/track/UVBrz8bN8aM2Xe47PEPu/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/c1b39a51-1327-40f8-ae83-af80014e0b5c/c3c3da52-ebb5-45db-b207-b4c50060eb2d/audio.mp3?utm_source=Podcast&in_playlist=8a433f03-1a96-430e-a3d0-af80014e0b7d

Your morning briefing. All the news you need to start your day. On today's podcast: (1) OpenAI CEO Sam Altman has stepped up calls to slow the development of the most powerful AI systems, putting him directly at odds with President Trump. Writing on social media this morning, Altman said no amount of American competitive pressure should justify recklessness. (2) Sweden’s election will go down to the wire, the tightest in its history, and one that will hinge on the complete counting in coming days of late-arriving ballots and votes from overseas. (3) Oil pushed higher as Saudi Arabia’s closure of a major crude pipeline following attacks jolted the market, with the move disrupting a route that’s been key to bypassing the Strait of Hormuz during the US-Iran war. (4) The locomotive of a passenger train traveling from Kyiv to Warsaw was hit by a Russian drone just kilometers from the Polish border on Sunday morning. The attack happened minutes after another train carrying European officials including former Swedish Prime Minister Carl Bildt and former UK Prime Minister Boris Johnson left the station on the way back from an annual conference in Kyiv. (5) Prime Minister Andy Burnham says Britain needs a “culture shift” to make it easier to start companies and reward risk-taking, as he sought to quell the concerns of business leaders before next month’s budget. Podcast Conversation: During Political Upheaval, British Cinema Turns to Class War See omnystudio.com/listener for privacy information.

## Transcript

[0:02] Speaker 1: Bloomberg Audio Studios.
[0:04] Speaker 2: Podcasts. Radio. News.
[0:09] Speaker 1: This is the Bloomberg Daybetcure podcast. Good morning. It's Monday,
[0:12] Speaker 1: the 14th of September. I'm Caroline Hepke in London. Coming
[0:16] Speaker 1: up today, a showdown over a slowdown. AICO's push for
[0:21] Speaker 1: greater restraint as Trump warns America cannot afford to come second.
[0:26] Speaker 1: European officials miss a Russian drone strike by minutes as
[0:30] Speaker 1: a train is hit near the Ukraine-Poland border. Plus, the
[0:34] Speaker 1: US president mixes golf with diplomacy as he defends his
[0:38] Speaker 1: call for Irish unity despite an uproar in Britain. Let's
[0:43] Speaker 1: start with a roundup of our top stories. OpenAI CEO
[0:46] Speaker 1: Sam Altman has stepped up calls to slow the development
[0:49] Speaker 1: of the most powerful AI systems, putting him directly at
[0:53] Speaker 1: odds with President Trump. Writing on social media in the
[0:56] Speaker 1: last hour, Altman said no amount of American competitive pressure
[1:01] Speaker 1: should justify recklessness. The comments come after President Trump played
[1:06] Speaker 1: down the need for further guardrails on Sunday.
[1:09] Speaker 3: We're leading China in AI. We're the most sophisticated country
[1:13] Speaker 3: in the world. And frankly, I want to keep it
[1:15] Speaker 3: that way. Because whoever wins, AI wins. And we can
[1:19] Speaker 3: put guardrails. We can do this and that. But I
[1:21] Speaker 3: think you have a lot of negative forces that are
[1:22] Speaker 3: bringing it up that shouldn't be bringing it up. And
[1:26] Speaker 3: they're bringing up things that won't happen.
[1:27] Speaker 2: But whoever wins with AI wins.
[1:30] Speaker 1: Well, in June, President Trump signed an AI cybersecurity executive order,
[1:35] Speaker 1: leaving companies to decide whether to have new models reviewed
[1:39] Speaker 1: by the government. Trump's latest comments followed anthropic CEO Dario
[1:44] Speaker 1: Amadei's call for development of the most advanced AI systems
[1:48] Speaker 1: to slow. In a 3,800-word essay, Amadei warned of catastrophic risks.
[1:55] Speaker 1: and was endorsed by OpenAI CEO Sam Altman and SpaceX
[2:00] Speaker 1: AI CEO Elon Musk. Speaking to ABC's This Week, U.S.
[2:04] Speaker 1: House Minority Leader Hakeem Jeffries also backed stronger safeguards.
[2:10] Speaker 4: We should take decisive action now so that we can
[2:13] Speaker 4: slow down as the CEOs have recently acknowledged. Slow down
[2:18] Speaker 4: the pace of development in order to protect the American
[2:21] Speaker 4: people and ensure that AI is proceeding safely.
[2:25] Speaker 1: Hakeem Jeffries there. The fight over AI safety comes at
[2:29] Speaker 1: a pivotal moment for Anthropic as it prepares to tap
[2:32] Speaker 1: public markets. The Financial Times reports that the company expects
[2:36] Speaker 1: to be profitable this quarter as it prepares for an
[2:40] Speaker 1: initial public offering. Now, AI is already delivering growth, but
[2:45] Speaker 1: a boost to productivity is harder to see. A global
[2:48] Speaker 1: report by Bloomberg Economics shows the GDP gains from an
[2:52] Speaker 1: AI super cycle are concentrated in just a handful of economies.
[2:57] Speaker 1: Bloomberg's James Walcock has more.
[2:59] Speaker 5: Bloomberg Economics estimates 27% of jobs in advanced economies are
[3:04] Speaker 5: meaningfully exposed to AI. Yet so far, there is little
[3:08] Speaker 5: evidence that technology is causing a broad hit to employment. Instead,
[3:12] Speaker 5: the huge sums spent on chips, servers and data centres
[3:16] Speaker 5: are boosting growth in a handful of economies. The US, China,
[3:21] Speaker 5: Taiwan and South Korea are are all seen as macroeconomic winners.
[3:25] Speaker 5: But gains elsewhere have been muted. In London, James Woolcock,
[3:29] Speaker 5: Bloomberg Radio.
[3:31] Speaker 1: Sweden's election remains extremely close after Sunday's vote. According to
[3:35] Speaker 1: the latest data from the election authority, Sweden's centre-left opposition
[3:39] Speaker 1: has a slim lead of three seats, with about 94%
[3:42] Speaker 1: of votes counted. The bloc includes the Social Democrats, Centre Party,
[3:48] Speaker 1: Greens and Left, and it translates into 176 seats in Parliament. Now,
[3:53] Speaker 1: the centre-right governing coalition led by Prime Minister Ulf Christensen
[3:58] Speaker 1: of the moderates has 173 seats, so that in the
[4:00] Speaker 1: Swedish election. Brent crude has topped $ 108 a barrel after
[4:08] Speaker 1: Saudi Arabia shut a major pipeline used to bypass the
[4:12] Speaker 1: Strait of Hormuz. The closure followed attacks on the pipeline
[4:15] Speaker 1: as separate talks on creating a temporary shipping lane through
[4:19] Speaker 1: Hormuz were postponed. Oman says that the meeting between Iran
[4:23] Speaker 1: and Gulf nations was delayed in the interest of consensus.
[4:27] Speaker 1: Hassan al-Hassan of the International Institute for Strategic Studies says
[4:32] Speaker 1: that recent escalation may have disrupted those talks.
[4:36] Speaker 6: The targeting of Saudi Arabia's east-west pipeline, Houthi advances in
[4:42] Speaker 6: Yemen's western coastline, and then the increasingly close coordination we're
[4:46] Speaker 6: seeing between Iran-backed groups in Yemen and Iraq, all of these,
[4:50] Speaker 6: I think, also create, I think, conditions that are not
[4:55] Speaker 6: ideal for a substantive summit to produce a substantive and
[4:59] Speaker 6: clear outcome.
[5:01] Speaker 1: Hassan al-Hassan speaking there, while the Saudi pipeline can carry
[5:05] Speaker 1: about 7 million barrels per day, making it a key
[5:09] Speaker 1: alternative to Hormuz. President Trump says that he is removing
[5:14] Speaker 1: the 10% US tariff on Irish whiskey following his visit
[5:17] Speaker 1: to Ireland over the weekend. The decision follows lobbying from
[5:21] Speaker 1: Irish officials and gives producers the same tariff-free access currently
[5:25] Speaker 1: enjoyed by UK whiskeys. It comes after Irish whiskey exports
[5:30] Speaker 1: to the US fell by 5% in 2025. Andy Burnham
[5:36] Speaker 1: says that Britain needs a culture shift to support entrepreneurs.
[5:40] Speaker 1: The Prime Minister is hosting business leaders in Downing Street
[5:43] Speaker 1: this morning, including the founders of Octopus Energy, Revolut and
[5:47] Speaker 1: Starling Bank. Communities Secretary Angela Rayner says that it's part
[5:51] Speaker 1: of the government's push to get more people into work.
[5:55] Speaker 7: That's his point, it's about actually creating good jobs and
[5:58] Speaker 7: re-industrialising Britain. Give young people opportunity to get these good apprenticeships,
[6:04] Speaker 7: these good jobs, whether it's in defence, whether it's in
[6:06] Speaker 7: the investment in that energy sector, so that that's how
[6:09] Speaker 7: you get young people off benefits.
[6:12] Speaker 1: That was Angela Rayner speaking there. Now, the push for
[6:15] Speaker 1: more risk-taking and growth comes ahead of the autumn budget,
[6:19] Speaker 1: when many expect Labour to raise taxes. Europe has reached
[6:24] Speaker 1: a milestone in the quest to make its stock market
[6:27] Speaker 1: more attractive for investors with the use of a single
[6:30] Speaker 1: unified data feed.
[6:34] Speaker 8: For years, fragmented trading across European markets has fed the
[6:38] Speaker 8: view that the EU is made up of multiple different
[6:41] Speaker 8: markets rather than a singular investment venue. Now, regulators are
[6:46] Speaker 8: hoping that the rollout of a unified feed of prices
[6:49] Speaker 8: and trading across its 29 countries will start changing perceptions.
[6:54] Speaker 8: The content-wide tape will be for professional and retail investors
[6:58] Speaker 8: in a bid to level the playing field between individuals
[7:01] Speaker 8: and large institutions. But whilst today's unveiling marks a landmark,
[7:06] Speaker 8: investors still need to sign up and trust the product.
[7:09] Speaker 8: Only time will tell whether it can shift perceptions of
[7:12] Speaker 8: Europe's capital markets and lead to better outcomes for investors
[7:16] Speaker 8: and companies. In London, Tiwa Adebayo, Bloomberg Radio.
[7:21] Speaker 1: European officials, meanwhile, narrowly avoided a Russian drone strike near
[7:26] Speaker 1: the Polish border after their train left the station minutes beforehand.
[7:30] Speaker 1: The group included the former UK Prime Minister Boris Johnson
[7:34] Speaker 1: and former Swedish Prime Minister Karl Bildt. Polish Foreign Minister
[7:38] Speaker 1: Władysław Sikorski says that the attack marks another escalation by
[7:43] Speaker 1: Vladimir Putin.
[7:45] Speaker 9: It's not just knocking on the door, it's inside the house.
[7:49] Speaker 9: It's not just some nuisance on the internet. We've had
[7:52] Speaker 9: the arson incidents in Poland, we've had attack on the
[7:56] Speaker 9: Leipzig airport, and we've had death squads sent by Putin
[8:00] Speaker 9: to Britain.
[8:03] Speaker 1: That was Poland's foreign minister speaking there. Now, the country's
[8:06] Speaker 1: prime minister, Donald Tusk, says that he cannot rule out
[8:10] Speaker 1: Russian attempts to disrupt Polish border crossings in the coming
[8:13] Speaker 1: weeks or months. And those are our top stories for
[8:16] Speaker 1: you today. Looking at the markets now, tech stocks are
[8:20] Speaker 1: tumbling because of all of this talk around a slowdown
[8:23] Speaker 1: in AI. So, looking to Asia, the KOSPI at the
[8:27] Speaker 1: moment is down 2.9%. SoftBank has also plunged And the
[8:31] Speaker 1: Nikkei is down by 1%. Stock futures for Europe on
[8:35] Speaker 1: the stocks 50 down four tenths of 1%. NASDAQ futures
[8:38] Speaker 1: taking quite a big hit down at the moment 1.2%.
[8:41] Speaker 1: This as crude oil prices have surged. Brent trades above
[8:45] Speaker 1: $ 107 about up by 2.5% this morning. The dollar is strengthening.
[8:50] Speaker 8: U.S.
[8:50] Speaker 1: Treasury is holding at $ 4.
[8:52] Speaker 4: 97.
[8:52] Speaker 1: Those are the markets. And in a moment, we're going
[8:54] Speaker 1: to bring you more on the fallout from President Trump's
[8:57] Speaker 1: trip to Ireland and also on the AI race. Can
[9:00] Speaker 1: it be slowed down? Where are the benefits of the technology, too?
[9:04] Speaker 1: We'll discuss in just a moment. But before that, something
[9:06] Speaker 1: else has caught my attention this morning. Are we at
[9:09] Speaker 1: a historic inflection point in Britain? Does cinema capture the
[9:15] Speaker 1: zeitgeist before maybe others do? Bloomberg's Christian Lorentzen has been
[9:19] Speaker 1: writing about Paul Greengrass's new film, The Uprising. The Uprising
[9:24] Speaker 1: is about the peasants' revolt of 1381 in the UK
[9:28] Speaker 1: and England. It's a film about rulers and those who
[9:31] Speaker 1: are ruled. It stars Andrew Garfield, in case you're wondering.
[9:35] Speaker 1: as a kind of fellow, as a compatriot of Watt Tyler.
[9:39] Speaker 1: This is the leader of the rebels who in the
[9:42] Speaker 1: 14th century rebelled against King Richard II for imposing a
[9:46] Speaker 1: poll tax, a flat tax on all adults. They marched
[9:49] Speaker 1: on London. They got some promises to end serfdom. Only then,
[9:54] Speaker 1: of course, their leaders ended up with their heads on
[9:56] Speaker 1: a spike. But historic plot twist, the king did drop
[10:00] Speaker 1: the poll tax. But I think that it comes at
[10:03] Speaker 1: an interesting moment, as Christian points out, after a decade
[10:07] Speaker 1: of popular discontent again here in Britain, a string of
[10:11] Speaker 1: political leaders, of course, you know about. So he talks
[10:15] Speaker 1: and writes very interestingly about whether Paul Greengrass's film is
[10:19] Speaker 1: a kind of cultural inspiration. hinge point i think maybe
[10:22] Speaker 1: has a point i'm going to put a link to
[10:24] Speaker 1: it into our podcast show notes in case you didn't
[10:27] Speaker 1: know about the peasants revolt of 1381 or poor green
[10:32] Speaker 1: grass so you can read a little bit more about
[10:34] Speaker 1: it Now, semiconductor shares, tech shares in Asia are reacting
[10:40] Speaker 1: negatively this morning after the leaders of OpenAI and Anthropic
[10:43] Speaker 1: called for AI model development to be slowed. Bloomberg Economics
[10:48] Speaker 1: has mapped the current and potential economic impact of AI
[10:52] Speaker 1: across major advanced and emerging markets to try to get
[10:56] Speaker 1: a feel for where it might benefit the most. And
[10:58] Speaker 1: Anna Andrade, who led that research effort, is with us now. Anna,
[11:03] Speaker 1: good to speak to you. Firstly, though, on this big
[11:07] Speaker 1: issue that sort of emerged over the weekend, the essay
[11:10] Speaker 1: from Amadei, the issue of AI safety. Are AI CEOs
[11:16] Speaker 1: really going to be able to slow the momentum of
[11:19] Speaker 1: artificial intelligence?
[11:21] Speaker 10: Well, they didn't receive a very warm response from the
[11:24] Speaker 10: US government. And there's obviously geopolitical considerations to consider, in
[11:29] Speaker 10: particular the competition between US and China on the frontier capabilities.
[11:34] Speaker 10: And I think that can make it hard to deliver
[11:37] Speaker 10: that slowdown. But I think all this episode and all
[11:41] Speaker 10: this safety momentum that AI is having It's also very
[11:45] Speaker 10: interesting from an economic perspective in the sense that it
[11:48] Speaker 10: shows that the capabilities at the frontier and real world
[11:52] Speaker 10: usage can mean two very different things. And it really
[11:55] Speaker 10: speaks to two of the hurdles, I think, that may
[11:59] Speaker 10: slow the deployment of the technology in real life, which
[12:03] Speaker 10: in itself will have big implications for the economy. And
[12:05] Speaker 10: those are the reliability of AI systems. Obviously, they've raised
[12:11] Speaker 10: concerns about you know, human existence and about cybersecurity safety.
[12:16] Speaker 10: But from a business perspective, it also brings its risks
[12:20] Speaker 10: and also regulation. And now we're talking about regulation, about
[12:23] Speaker 10: the slowdown of model frontier capabilities. But there will be
[12:29] Speaker 10: other debates showing up around regulation. And just because AI
[12:32] Speaker 10: can do a task in a certain occupation, we want
[12:35] Speaker 10: it to actually do it. And I just think these
[12:37] Speaker 10: are a few of the broader constraints. Others are profitability,
[12:40] Speaker 10: the know-how of senior management that, you know, will probably
[12:45] Speaker 10: slow the deployment of AI. And that should temper a
[12:48] Speaker 10: bit maybe the expectations, you know, that an economic revolution
[12:53] Speaker 10: and a big bang is just around the corner.
[12:56] Speaker 1: Yeah, okay. Well, how much growth is AI actually delivering
[13:01] Speaker 1: at the moment in terms of nominal GDP when productivity gains?
[13:04] Speaker 1: Because that's been one of the big conundrums, hasn't it,
[13:06] Speaker 1: for economists like you, Anna, about understanding and measuring what
[13:10] Speaker 1: AI is doing?
[13:13] Speaker 2: Yeah, yeah, definitely. And the answer is not straightforward.
[13:16] Speaker 10: I mean, our report brings together analysis for more than
[13:20] Speaker 10: 20 economies to assess the AI's economic footprint so far.
[13:25] Speaker 10: And I would say there are two clear insights that
[13:28] Speaker 10: we can draw at this stage. The first one is
[13:31] Speaker 10: that the gains from the investment phase of the technology,
[13:35] Speaker 10: let's say, so all the money, all the capex that's
[13:38] Speaker 10: needed to create the technology is are much more visible
[13:42] Speaker 10: than any gains in productivity from adopting it, which I
[13:46] Speaker 10: think makes sense and it's not too surprising. And then really,
[13:49] Speaker 10: when you look at the global economy, you see in
[13:52] Speaker 10: terms of those gains, it's a fragmented and uneven story.
[13:58] Speaker 2: So they've been really concentrated here.
[14:00] Speaker 10: In a handful of countries that we sort of separate
[14:04] Speaker 10: into camps. These are either countries that are home to
[14:08] Speaker 10: critical suppliers to the AI infrastructure boom. So think about
[14:12] Speaker 10: chips for Taiwan, South Korea, China as well, and Mexico
[14:17] Speaker 10: more recently for server assembly. or countries where compute demand
[14:22] Speaker 10: is racing ahead. So the US is a leading example,
[14:25] Speaker 10: but there's been recently, even here in the UK, some
[14:28] Speaker 10: signs of an AI-linked pickup in investment. And then elsewhere,
[14:34] Speaker 10: you look at Japan, it has lagged behind.
[14:35] Speaker 2: Its Asian neighbors. And really here in the EU, no matter.
[14:38] Speaker 10: Where you look at the exports and trade data or
[14:41] Speaker 10: the investment data, it just shows a story of an
[14:44] Speaker 10: economy that's lagging behind.
[14:49] Speaker 2: Now, just two very brief caveats on that.
[14:51] Speaker 10: It's really hard, number one, to pinpoint the exact contribution
[14:55] Speaker 10: of AI national accounts because we just don't have the
[14:57] Speaker 10: needed granularity. And number two, just because it's showing up
[15:01] Speaker 10: on GDP and in investment and exports doesn't necessarily mean
[15:05] Speaker 10: that it's contributing on the same scale to the growth impulse.
[15:08] Speaker 10: So here in UK, we find that important. It has
[15:11] Speaker 10: contributed to lift GDP by 1% in terms of investment. But,
[15:16] Speaker 10: you know, that's most certainly an upper range, given we
[15:20] Speaker 10: have yet to net out the import content of that investment.
[15:25] Speaker 1: Yeah, absolutely. And also, part of your work is to
[15:30] Speaker 1: look at specifically what AI does for jobs and the
[15:33] Speaker 1: worries around, you know, whether there's going to be a
[15:36] Speaker 1: major impact on the workforce globally.
[15:39] Speaker 3: Yeah.
[15:41] Speaker 10: Yeah, and here as well, I would say there's two
[15:45] Speaker 10: broad conclusions that we can take. One, we obviously rely
[15:50] Speaker 10: on an exposure-based approach from the academic literature. We use
[15:55] Speaker 10: AI exposure scores from OpenAI researchers at a very, very
[15:58] Speaker 10: granular level. And with that, we're able to estimate exposure.
[16:02] Speaker 10: how much of the employment in the global economy is
[16:05] Speaker 10: at risk from disruption. And what we find is that
[16:10] Speaker 10: for advanced economies, about 27% of employment is meaningfully exposed.
[16:16] Speaker 10: If you consider more advanced AI capabilities, that rises to 50%.
[16:20] Speaker 10: So I think the first broad conclusion is that, yes,
[16:22] Speaker 10: this is a technology that has a very far-reaching and
[16:26] Speaker 10: wide impact across the jobs market. But then actually, when
[16:29] Speaker 10: you look at employment trends since the release of ChatGPT,
[16:32] Speaker 10: we actually struggled to find a clear pattern that AI
[16:35] Speaker 10: is contributing to, you know, this job apocalypse that has
[16:39] Speaker 10: been feared both here in the UK and in Germany.
[16:43] Speaker 2: It is not compelling yet.
[16:45] Speaker 10: And I will just say that, you know, it's still
[16:48] Speaker 10: an open question whether this exposure means automation versus augmentation.
[16:52] Speaker 10: You know, I think the debate has sometimes been a
[16:54] Speaker 10: bit polarized and we're much more likely to end up
[16:57] Speaker 10: somewhere in the middle where, you know, it complements some occupations,
[17:02] Speaker 10: it automates others, but it also creates new opportunities. So
[17:05] Speaker 10: that means that a large macro level disruption maybe is
[17:08] Speaker 10: not necessarily a given.
[17:11] Speaker 1: Yeah, absolutely. So, all of these things must still be monitored. Anna,
[17:14] Speaker 1: thank you so much for being with us. That is
[17:16] Speaker 1: Bloomberg's Anna Andrade there from Bloomberg Economics, who's taking us
[17:20] Speaker 1: through what we know about the impact of AI. This also,
[17:24] Speaker 1: as over the weekend, this long essay that you can
[17:27] Speaker 1: read on the Bloomberg terminal, we've got lots of links
[17:29] Speaker 1: to it, by Dario Amadei, we must pace the frontier.
[17:34] Speaker 1: I think this now is really being evaluated. Amadei saying
[17:39] Speaker 1: that we must slow the pace at which we improve
[17:42] Speaker 1: the capabilities of AI models. Progress will still seem fast
[17:46] Speaker 1: and we must make wise use of the time that
[17:48] Speaker 1: we gain. But I think the most explosive point that
[17:51] Speaker 1: Amadei points to is having embedded evaluators. and democratic coordination
[17:57] Speaker 1: across AI companies, global coordination across companies, so that you actually,
[18:03] Speaker 1: you know, slow things down because of all of the
[18:06] Speaker 1: risks that Amadai mentions and the things that he's worried
[18:09] Speaker 1: about when it comes to AI development. Stay with us.
[18:13] Speaker 1: More from Bloomberg Daybreak Europe coming up after this. Let's
[18:21] Speaker 1: also pivot to another story. President Trump has defended his
[18:25] Speaker 1: comments in support of a united Ireland, calling them fairly routine.
[18:29] Speaker 1: On Sunday, he said that joining Northern Ireland and the
[18:32] Speaker 1: Republic of Ireland was one of the naturals of all
[18:35] Speaker 1: time after an uproar in the UK. Joining us now
[18:39] Speaker 1: is Olivia Fletcher. Olivia, good morning. What did President Trump
[18:43] Speaker 1: say on his visit to Ireland and what has been
[18:45] Speaker 1: the reaction in Dublin, firstly?
[18:49] Speaker 11: Yeah, so he said he doesn't want to cause any problems,
[18:52] Speaker 11: but he would love to see reunification on the island,
[18:55] Speaker 11: like you say, between the Republic of Ireland and Northern Ireland,
[18:58] Speaker 11: which is a UK region. Those comments are quite unprecedented
[19:04] Speaker 11: from a US president to wade in on this, especially
[19:08] Speaker 11: because the US was a key broker of the kind
[19:10] Speaker 11: of 1990s peace agreement that largely ended sectarian violence in
[19:14] Speaker 11: the region between British Unionists who wanted to remain part
[19:17] Speaker 11: of the UK and Irish Nationalists who still want to
[19:19] Speaker 11: reunite with the Republic of Ireland. And as part of
[19:23] Speaker 11: those negotiations, the US remains a co-guarantor of the agreement,
[19:27] Speaker 11: along with Ireland and also the UK. Dublin has kind
[19:30] Speaker 11: of tried to downplay Trump's comments. They don't really want
[19:34] Speaker 11: to get involved in this kind of debate at this time.
[19:38] Speaker 11: There's some very.
[19:40] Speaker 11: Angry British Unionist politicians in Northern Ireland. And meanwhile, the
[19:45] Speaker 11: UK Prime Minister has kind of reiterated on the weekend
[19:47] Speaker 11: that this... conversation is effectively off the table. Yeah.
[19:53] Speaker 1: So then it also puts the US at odds with
[19:56] Speaker 1: the UK, as you say, on this historic and very
[20:00] Speaker 1: sensitive political issue of What does it mean for the
[20:03] Speaker 1: referendum path that is set out in the Good Friday
[20:07] Speaker 1: Agreement that, as you say, the US was instrumental in
[20:11] Speaker 1: bringing about?
[20:13] Speaker 11: Yeah, I mean, in reality, as set out in that
[20:17] Speaker 11: kind of landmark peace agreement, only the UK Secretary of
[20:20] Speaker 11: State for Northern Ireland can give the go-ahead for that
[20:24] Speaker 11: border poll, as it's known. They can only do that
[20:29] Speaker 11: when they... seriously believe that there would be a clear
[20:32] Speaker 11: majority in favour in Northern Ireland to reunite with the Republic.
[20:37] Speaker 11: And while an increasing number of people no longer see
[20:40] Speaker 11: themselves as just British in the region, you know, especially
[20:44] Speaker 11: among the kind of younger population, the numbers just aren't
[20:48] Speaker 11: there yet. And to put that into perspective, if there was...
[20:53] Speaker 11: a vote on reunification now, as Trump kind of appeared
[20:58] Speaker 11: to say that he wanted, it would cause problems. Even
[21:01] Speaker 11: though he said he doesn't want to cause problems, it
[21:02] Speaker 11: will cause a lot of instability and a lot of
[21:06] Speaker 11: upheaval across the region.
[21:08] Speaker 1: Yeah. Meanwhile, of course, President Trump was also there mixing
[21:14] Speaker 1: kind of politics with business, personal and politics. He was
[21:18] Speaker 1: at the Irish Open as well. And at that point,
[21:21] Speaker 1: at a very important moment, he also gave Ireland a
[21:26] Speaker 1: very big trade win in some senses.
[21:29] Speaker 11: Yeah, I mean, on this two-day visit, he had a
[21:31] Speaker 11: little bit of diplomacy in Dublin on Saturday. And then
[21:35] Speaker 11: the rest of it was over to the West Coast
[21:36] Speaker 11: to watch the Irish Open, specifically at his resort. And
[21:40] Speaker 11: he brought a lot of his family over. And, yeah, yesterday,
[21:43] Speaker 11: kind of to great applause on the golf course, he
[21:46] Speaker 11: said that he would remove the 10% tariffs that he'd
[21:50] Speaker 11: put in place on Irish whiskey. This is a huge
[21:53] Speaker 11: relief for the sector. It's, you know, one of Ireland's
[21:57] Speaker 11: largest indigenous and most historic sectors. And, you know, in
[22:01] Speaker 11: recent years, it's been already hit with kind of a
[22:04] Speaker 11: barrage of issues, you know, including high energy costs, waning demand,
[22:08] Speaker 11: increasing labor costs as well. So it's a big relief
[22:12] Speaker 11: for the whiskey sector here. But there are still a
[22:14] Speaker 11: lot of questions that remain over the 10 percent tariffs
[22:17] Speaker 11: that still appear to be in place for other kind
[22:20] Speaker 11: of alcoholic products. products across the EU entering the US. So,
[22:25] Speaker 11: there's still less clarity over that. Although, yeah, definitely a
[22:28] Speaker 11: win for Dublin and for the whiskey sector here. And,
[22:32] Speaker 11: you know, it's clearly something that the Irish government and,
[22:35] Speaker 11: you know, the whiskey lobby here had kind of been
[22:38] Speaker 11: asking for for a while now. So, it's definitely a
[22:40] Speaker 11: win here, but still questions remain.
[22:44] Speaker 1: Thanks for listening to Bloomberg Daybreak Europe. If you're enjoying
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