President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies and doubled an existing charge on China, spurring swift reprisals that plunged the world economy into a deepening trade war. Ursula Von Der Leyen spoke at the European Commission in Brussels on Tuesday laying out a Pan-European defense spending plan. Von Der Leyen also said that the EU will propose activating a fiscal escape clause, which could allow countries to use their national budgets to spend an additional €650 billion on defense over four years without triggering budgetary penalties.
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 Lizzy Burden.
Chapters:
00:00:00 – Opening Trade
00:08:35 – TSMC Invests $100B in America
00:08:47 – Arab Leaders’ Gaza Construction Plan
00:09:11 – Oil Price Spike
00:09:43 – Saudi Aramco Cuts Dividend
00:11:57 – Trade War: China Responds to Tariffs
00:16:57 – China NPC 2025 What to Watch
00:23:34 – Bilfinger CEO on EU: ‘We are Talking Too Long’
00:34:02 – Candian Peso, Mexican Dollar Weaken
00:43:34 – Stock to Watch: Auto Sector, Defense Stocks
00:45:37 – European Markets Open
00:59:56 – Trump Tariffs; Car Prices Skyrocket in U
01:10:15 – Von der Leyen: Europe Ready to ‘Massively’ Boost Spending
01:29:06 – STOXX 600 Falls, Still Up This Week
01:37:22 – EU Proposes €150B in Loans for Military Spending
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