Trump Cuts India Tariffs in Russian Oil Deal & Musk's SpaceX-xAI Combine | Daybreak Europe 2/3/2026

Here is a 189-word summary of the news article: The US has reduced tariffs on Indian goods from 25% to 18% after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil. This has resulted in a rally in Indian shares and the rupee. Elon Musk is merging his space company SpaceX with the artificial intelligence firm xAI in an all-stock deal valuing the new company at $1.25 trillion. SpaceX still plans to go public later this year. Former US President Bill Clinton and former First Lady Hillary Clinton have agreed to testify in the congressional investigation into Jeffrey Epstein, avoiding a potential criminal contempt vote. The news is being discussed on Bloomberg's Daybreak Europe program, which features commentary from Bank of America's UK economist Sonali Punhani and BYD Executive Vice President Stella Li. The key points are the US-India trade deal, Musk's SpaceX-xAI merger, and the Clintons' cooperation with the Epstein investigation. The article provides a concise overview of the major news events covered on the Daybreak Europe program.