From Bloomberg Markets and Finance.

“It will come down substantially but it won’t be zero,” President Donald Trump said Tuesday in Washington, following earlier comments from Treasury Secretary Scott Bessent that the standoff was unsustainable. Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, adding that he didn’t see the need to say he’d “play hardball” with Chinese leader Xi Jinping — a sign he may be backing down from his tough stance on Beijing amid market volatility. After complaining that the Fed was not cutting interest rates quickly enough, Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank.

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 Anna Edwards, Guy Johnson and Kriti Gupta.

Chapters:
00:00:00 – The Opening Trade
00:01:03 – Trump: No Intention to Fire Fed Chair Powell
00:05:15 – Trump Tariffs: Musk Says He Wants Lower Tariffs
00:06:42 – SAP Profits Surge
00:09:28 – European Inflation
00:10:44 – France Snap Election Talks
00:11:26 – Pope Francis Funeral Saturday
00:16:03 – US Treasuries Yield Higher
00:17:23 – BlackRock on Exposure to Healthcare Stocks
00:25:16 – Trump Tariffs: Akzo Nobel CEO on Sector Impact
00:33:57 – Dollar Rallies Most in 2-Weeks
00:47:06 – Stocks to Watch: SAP, Volvo, Reckitt
01:11:00 – Tesla Earnings Surprise
01:12:53 – German PMIs
01:22:29 – SAP Stock Rises Most Since 2019
01:26:50 – Trump Tariffs: Tech Stocks
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts