President Donald Trump unveiled a wave of letters posted letters to various nations on social media on Monday, starting with his intent to impose 25% levies on goods from Japan and South Korea. The European Union is seeking to conclude a preliminary trade deal with the US that would allow it to lock in a 10% tariff rate beyond an Aug. 1 deadline.
Trump said he’d ship more weapons to Ukraine, a reversal after the Pentagon halted flows of some air-defense missiles and artillery shells to the country. He didn’t specify what the US would provide except to say the armaments would be “defense weapons primarily.”
“I’m disappointed, frankly, that President Putin hasn’t stopped,” Trump said on Russian attacks in Ukraine. “I’m not happy about it.”
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, Kriti Gupta and Valerie Tytel.
Chapters:
00:00:00 – The Opening Trade
00:01:19 – Trump: “We’ll Adjust Tariffs a Little”
00:04:21 – EU Rushes for Trade Deal
00:06:49 – Trump to Send Ukraine New Weapons
00:08:19 – Chinese Firms Supply Russia With Drones
00:10:19 – Macron UK State Visit
00:10:38 – Texas Floods
00:15:18 – Trump New Tariff Rates
00:26:26 – Thailand Tariffs, Apparel Stocks Down
00:32:31 – Trump Tariff Letters
00:39:10 – Dollar Decline Further: MLIV
00:47:39 – Stocks to Watch: Chips, Apparel, Daimler Truck
01:06:13 – Oil Prices
01:09:39 – BofA’s Francisco Blanch
01:14:39 – Spain’s Arancha Gonzalez
01:21:49 – Spain Exempt on NATO Spending Goal
01:30:09 – Macron UK State Visit
01:34:17 – Schroders Faces Sale or Breakup
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