President Donald Trump said his administration will start sending out letters to trading partners on Friday setting unilateral tariff rates, which countries would have to begin paying on August 1. Trump stated that about 10 or 12 letters would go out on Friday, with additional letters coming over the next few days, and that countries would be fully covered by July 9.
Trump said that tariffs would range in value from 60 or 70% to 10 and 20%, and that countries would "start to pay on August 1" with the money going to the United States.
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 Valerie Tytel.
Chapters:
00:00:01 – The Opening Trade
00:01:07 – Trump Tariff Letters
00:06:13 – Trump Tax Bill Passes in House
00:10:00 – India Blocks Jane Street Securities
00:10:28 – Israel’s Push in Gaza
00:11:08 – Russian Drone Attack on Kyiv
00:11:48 – Putin, Trump
00:13:56 – US Jobs Report Numbers
00:27:30 – China to Cancel Part of EU Summit
00:38:12 – Scott Bessent on Dollar
00:40:42 – Trump Tariff Letters Out
00:47:33 – Stocks to Watch: Rheinmetall, Astom, Air France-KLM
01:04:17 – OPEC Weighs Massive Oil Hike
01:07:15 – Oasis Band Tours, Burberry
01:18:55 – US-China Chip Restrictions
01:33:15 – Trump, Scotland Golf
01:36:06 – Tour de France, Wimbledon
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