Europe’s Stoxx 600 Index fell hours before President Donald Trump’s tariffs announcement in the White House Rose Garden, with speculation swirling over the details of the proposed trade action. Healthcare stocks were among the biggest losers as mass layoffs at the US Department of Health sowed uncertainty over the outlook for vaccines and gene therapies. Among single stocks, Mercedes fell after Bloomberg reported the automaker could withdraw its least expensive cars from the US if tariffs make their sales unfeasible. Several proposals are said to be under consideration, including a tiered tariff system with a set of flat rates for countries, as well as a more customized reciprocal plan. The White House has said the tariffs would take immediate effect, but that Trump was open to subsequent negotiation.
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:
00:04:04 – Trump Tariff Plan Still in Limbo
00:05:31 – Traders See Tilt to Recession Risk
00:11:03 – Le Pen Presidential Bid Given Lifeline
00:11:46 – Musk-Backed Candidate Defeated in Wisconsin
00:14:02 – Credit Agricole Says ECB OKs Banco BPM Stake Raise
00:15:17 – Fed ‘Sidelined’: Richard Clarida
00:19:16 – UK Expects to Be Hit by US Tariffs
00:23:30 – Von Der Leyen: EU Ready to Retaliate
00:29:27 – Former Director in DG Trade of the European Commission on Tariffs
00:35:29 – Stocks Slip in Countdown to Tariffs
00:45:32 – European Markets Open
01:03:07 – Mercedes Weighs Pulling Some US Models
01:11:36 – Expect 25% US Copper Import Tariff: Citi
01:20:04 – Gold Price on Path for $3200: Citi
01:23:48 – Trump Tariiffs Effect on Asset Allocation
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