From Bloomberg Markets and Finance.
President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption from 125% tariffs on China as a procedural step in his overall push to remake US trade. The dollar weakened to a six-month low on concern that the confusion around the Trump administration’s tariff policy will drive traders away from US assets. Europe’s Stoxx 600 index rallied, while futures for the S&P 500 and the Nasdaq 100 advanced at least 1.5%. Apple shares jumped in premarket trading. The late Friday tech tariff exemption is temporary and a part of the longstanding plan to apply a different, specific levy to the sector. Trump doubled down on the plan Sunday. “NOBODY is getting ‘off the hook,’” Trump said in a social media post Sunday.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Kriti Gupta.
Chapters:
00:01:27 – Trump: Flexibility on Chip Tariffs
00:07:40 – China Exports Surge
00:11:24 – Iran, US Extend Talks
00:11:43 – UK Rushes to Keep British Steel
00:12:18 – Meta’s FTC Trial Over WhatsApp, Instagram
00:15:51 – Treasuries Rally
00:19:01 – Gold Price to Hit $4,00: Goldman
00:26:21 – Fed Rate Hike, US Recession Chances
00:37:31 – Dollar Extends Drop
00:46:11 – European Stock Market Rally
00:56:52 – Recession Risk ‘Rising’: Charles Schwab
01:04:51 – Chip Stocks Rise After Tariffs Pause
01:09:17 – ‘Stormy Seas’ Ahead: Jamie Dimon
01:12:18 – Trump Tariffs: European Firms Shift Production
01:17:10 – China Exports Surge After Tariffs
01:26:30 – Trump Tariffs: Nouriel Roubini Says China Has Leverage
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