Global stocks tumbled and the US Dollar surged as President Trump threatens the start of US tariffs on global trades, beginning with Canada, Mexico and China. He warns the EU is next, calling the bloc an “atrocity” on trade. Trump’s move is the most extensive act of protectionism taken by a US president in almost a century, with knock-on effect on everything from inflation to geopolitics and economic growth. EU leaders are meeting for a retreat to discuss defense spending in the context of Russia’s ongoing war against Ukraine and Trump’s demands that the bloc spend more. On Monday, EU’s foreign policy chief Kaja Kallas said, “If the US and Europe start a trade war, the one laughing on the side is China.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:01:29 – Global stocks decline after Trump slaps tariffs on Canada, Mexico
00:02:24 – Charlotte Ryland, CCLA Investment Mgmt
00:09:07 – Philippe Donnet, Generali CEO
00:18:25 – Trudeau: This will have real consequences for Americans
00:19:48 – Headlines
00:20:40 – Leslie Vinjamuri, Chatham House
00:26:24 – Trump to slap 25% tariffs on Canada, Mexico and 10% on China
00:32:52 – Carol Nakhle, Crystol Energy CEO
00:39:26 – Trump ramps up EU tariff threats
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