The Donald Trump administration is weighing a dramatic tariff reduction during weekend talks with China to de-escalate tensions and temper the economic pain both are already starting to feel.
People familiar with preparations for the talks, which are due to begin in Geneva on Saturday led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, say the US side has set a target of reducing tariffs below 60% as a first step that they feel China may be prepared to match. Progress in two days of scheduled discussions could see those cuts being implemented as soon as next week, they said.
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 Lizzy, Guy Johnson and Kriti Gupta.
Chapters:
00:00:00 – The Opening Trade
00:00:13 – US-UK Trade Deal
00:05:56 – Tariffs: US, China Begin Saturday
00:10:20 – India, Pakistan Blame for More Strikes
00:11:12 – Pope: Cardinal Elects Leo XVI, First American
00:14:43 – ‘Buy Stocks Now: Trump
00:15:33 – Dollar Rises Most in a Month
00:27:15 – US Dollar Selloff
00:27:58 – Euro Price
00:35:36 – VE Day Parade: Putin Welcomes Leaders
00:39:35 – US, China Tariff Talks Expectations
00:47:38 – Stocks to Watch: IAG, Commerzbank, Campari
01:03:53 – Commerzbank Beats Estimates
01:13:16 – US, UK Reach Trade Deal
01:17:25 – Trump Tariffs: Boeing
01:31:54 – Americanizing the Premier League
01:32:52 – El Clasico: Real Madrid vs Barcelona
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