Coming just days after Trump re-set his tariff plan with rates on imports from trade partners ranging from 10% to 41%, his latest blast of trade threats and deadlines shows his quest to remake global trade in America’s favor is far from done. That’s even as the latest economic data suggests the US economy is grappling with the fallout.
“We’ll be putting a initially small tariff on pharmaceuticals, but in one year — one and a half years, maximum — it’s going to go to 150% and then it’s going to go to 250% because we want pharmaceuticals made in our country,” Trump said Tuesday in the interview on CNBC.
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 Kriti Gupta, Valerie Tytel and Oliver Crook.
Chapters:
00:00:00 – The Opening Trade
00:00:43 – S&P Futures
00:03:06 – Pharma Tariffs
00:04:14 – Swiss Tariffs
00:04:42 – Glencore Earnings
00:06:26 – Commerzbank CEO Bettina Orlopp
00:11:13 – Commerzbank $1B Share Buyback
00:16:05 – Legal & General CEO
00:24:35 – Trump New Fed Governor
00:27:41 – Swiss President in Washington
00:36:53 – Indian National Bank on Trump Tariffs
00:38:27 – ‘No End’ to Trump Tariffs
00:47:05 – Stocks to Watch: Novo Nordisk, Chips, Banks
00:50:20 – EFG Asset Management Deputy CIO Daniel Murray
01:01:08 – Novo Nordisk Profit Miss
01:04:41 – Siemens Energy Stock
01:10:00 – Glencore New York Move
01:14:36 – Bank Stocks Higher
01:26:41 – Modi, India Tariff Threat
01:33:19 – Switzerland Tariffs 39%
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