President Donald Trump is poised to unleash his first wave of tariffs Saturday, sending foreign governments and businesses rushing to skirt potential duties and prepare for retaliation.
The targets are unlikely ones: Canada and Mexico, the two biggest buyers of US goods. Trump has pledged 25% tariffs on about $900 billion in goods from both nations, whose trade surpluses with the US have long chafed the president. Trump on Thursday vowed to follow through by his self-imposed Feb. 1 deadline, though the mercurial president has been known to change his mind. 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 Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade
00:03:02 – The Agenda: Trump Tariffs Mexico, Canada, Apple AI Catchup
00:05:36 – Apple Playing Catchup on AI
00:06:18 – Samsung’s AI Chips
00:09:48 – Airplane Crash in DC Investigation
00:14:28 – Trump Tariffs Rattles Stocks
00:23:34 – DeepSeek Transforms AI Assumptions
00:33:09 – How Did Markets Miss DeepSeek?
00:40:01 – Stocks to Watch: Mexico, Chips Stocks, Novartis
00:45:39 – European Open
01:04:56 – Samsung Beats Estimates
01:11:42 – Trump Indicates Tariffs on China
01:25:14 – Eurazeo Co-CEO: Europe Needs Investment Schock
01:29:19 – Bank Bonuses Turn Into ‘Scratch-Off Ticket’
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