US Supply chains start to feel the force of President Donald Trump’s tariffs. Since the US raised levies on China to 145% in early April, cargo shipments have plummeted, perhaps by as much as 60%, according to one estimate.
Fast-fashion giant Shein raised US prices of its products from dresses to kitchenware ahead of imminent tariffs on small parcels, in an early sign of the potential effect of the trade war on American consumers. While discount Chinese retail app Temu, appears to be passing on nearly all of Donald Trump’s new import taxes to US consumers, more than doubling the cost of some products.
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 Lizzy Burden.
Chapters:
00:00:00 – The Opening Trade
00:01:19 – Trump: China Wants to Make a Deal
00:05:16 – Gold Price Drops
00:07:11 – US Bond Market Safest in World: Bessent
00:11:40 – Liverpool Premier League Champions
00:12:45 – Merck to Buy SpringWorks
00:13:53 – Spirit, Airbus Deal
00:16:12 – Treasury Markets’ ‘New World Order’
00:25:51 – Tariffs: Shein, Temu, China Supply Chain Shocks
00:40:22 – US Stocks to Move Lower; MLIV
00:43:45 – Doordash Offers to Buy Deliveroo
00:46:58 – Stocks to Watch: Airbus, Monte Paschi, Maersk
00:52:18 – US Recession Chance Rising: BNP Paribas
01:01:02 – European Stocks Rising for 5th Day
01:03:49 – Airbus, Spirit Strike AeroSystems Deal
01:13:40 – Trump Tariffs: Canada Election Today
01:30:18 – US Assets ‘Increasingly’ Risky: SocGen
01:33:52 – Trade War: US-China Cargo Shipments Plummet
——–
More on Bloomberg Television and Markets
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