The US and China will temporarily lower tariffs on each other’s products, in a move to cool trade tensions and give the world’s two largest economies three more months to resolve their differences. Treasury Secretary Scott Bessent and the US Trade Representative Jamieson Greer spoke in Geneva following the weekend’s trade talks. The combined 145% US levies on most Chinese imports will be reduced to 30% including the rate tied to fentanyl by May 14, while the 125% Chinese duties on US goods will drop to 10%, according to the statement and officials in a briefing Monday in Geneva.
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 Kriti Gupta.
Chapters:
00:00:00 – The Opening Trade
00:00:19 – Trump Tariffs: US, China Geneva Talks
00:03:31 – US Dollar Price to Chinese Yuan
00:06:20 – Trump Targets Drug Prices
00:11:31 – Hamas to Free Last American Hostage
00:12:24 – Zelenskiy, Putin to Talk
00:13:02 – Kurdish PKK Disbanded
00:26:00 – Spain Power Outage: EDP Ceo on Power Market
00:36:23 – CATL Begins Taking Orders
00:44:15 – Pharma Stocks Drop, Trump Drug Prices
00:47:00 – US, China Tariffs: European Stock Markets Up
00:53:53 – Scott Bessent Speaks on US, China
01:06:53 – US to Cut China Tariffs to 30%: Bessent
01:24:16 – Euro Price Headed for Worst Day of Year
01:34:22 – US 10-Year at Month High
01:38:22 – UK’s Starmer on Immigration White Paper
01:43:27 – Trump May Accept Qatar Jet as Gift
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