President Donald Trump floated the idea of a three-way meeting with the leaders of Russia and China in which the countries would agree to cut defense spending in half. Trump, speaking to reporters in the Oval Office Thursday, suggested repeatedly that he’d seek such a deal with Presidents Xi Jinping and Vladimir Putin, saying the money could be spent better elsewhere. “One of the first meetings I want to have is with President Xi of China, President Putin of Russia,” Trump said. “And I want to say, ‘let’s cut our military budget in half.’ Trump also ordered his administration to consider imposing reciprocal tariffs on numerous trading partners, raising the prospect of a wider campaign against a global system he complains is tilted against the US. Trump signed a measure directing the US Trade Representative and Commerce secretary to propose new levies on a country-by-country basis in an effort to rebalance trade relations.
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 – Opening Trade
00:01:21 – Trump: ‘Reciprocal Makes Tariffs Really Fair’
00:03:11 – Trump: EU Absolutely Brutal on Trade
00:04:27 – Trump Wants to Halve US, Russia & China Defense Spending
00:09:40 – Trump Wants to Halve US, Russia & China Defense Spending
00:09:49 – NatWest CEO: High Bar for Acquisitions President: ‘Huge Backlog’ of Orders
00:15:27 – Reciprocal Tariffs Could Come April
00:23:34 – Trump Urges UK, Europe to Buy American Weapons
00:36:08 – Kongsberg Defense & Aerospace
00:45:37 – Europe Stock Markets Open
00:57:06 – SAAB CEO on Global Defense, Security
01:03:05 – Hermès Sales Jump as Label Outperforms During Luxury Slump
01:18:13 – Tiktok Restored on Apple Iphones, Google Play Store
01:19:33 – Reddit Chats Could Soon Drive Investing Bets
01:22:39 – Trump: VAT Will Be Viewed as a Tariff
01:30:38 – US Urges 5% Defense Spending for Europe
01:35:02 – ‘The White Lotus’ is Coming to Thailand
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