From Bloomberg Markets and Finance.
China retaliated against President Donald Trump’s latest tariffs by hiking duties on all US goods, while calling the administration’s actions a “joke” and saying it no longer considers them worth matching. Beijing will raise tariffs on all US goods from 84% to 125% starting April 12, the Ministry of Finance said on Friday, after the White House clarified that levies on Chinese goods rose to 145% this year. Britain’s economy posted the strongest growth in almost a year in February as factories ramped up production ahead of Trump’s wave of tariffs. While the figures are a major boost for the Labour government and puts the economy on course for a positive first quarter, the respite could be fleeting as the White House started to upend the global economic order with a slew of tariff announcements in March and April.
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:
00:00:00 – The Opening Trade
00:02:04 – US Dollar Value Drop
00:07:20 – Spain’s PM to Meet Xi in China
00:11:32 – Hudson River Helicopter Crash
00:11:54 – Russia, US, Prisoner Swap
00:18:09 – Dollar, Treasuries Trade Like Risk Assets
00:21:38 – Gold Price Move
00:25:25 – China; Spain’s Sanchez Sees China as EU Partner
00:30:27 – Trump Tariffs: Ireland’s Donohoe on EU Retaliation
00:41:22 – Trump on Making China Deal
00:45:51 – European Stocks Extend Thursday Gain
01:06:44 – China’s Xi to Host EU Leaders
01:15:47 – ‘Don’t Believe’ We’ll Be in a Recession: Marathon CEO Bruce Richards
01:28:32 – Former MI6 Chief Dearlove on Trump
01:33:28 – Dearlove: This is Not the Cold War
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