US equity futures sink as investors react to President Trump’s latest round of tariffs – a general 10% global levy as well as higher, specific duties for around 60 countries. China and the EU – who receive an updated 54% and 20% US tariff rate respectively – vow responses. A 25% levy on the autos sector kicks off, and a 46% levy on Vietnam hits US retailers that manufacture there. Finland’s Foreign Minister Elina Valtonen tells Bloomberg she hopes for fruitful negotiations to start as a result of the imposition of tariffs. Jane Foley of Rabobank picks Euro-Dollar as the most interesting currency pair to watch post-tariffs and sees the Euro strengthening. Investors should brace for more changes and flip-flopping on tariff rates, says Frank Monkam of Buffalo Bayou.“Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
Chapters:
00:00:01 – Cold Open
00:02:10 – First Look Movers
00:07:45 – Jane Foley, Rabobank Head of FX Strategy
00:10:50 – Elina Valtonen, Finland Minister of Foreign Affairs
00:22:24 – Front Page News
00:31:16 – Frank Monkam, Buffalo Bayou Holdings Head of Macro Trading
00:45:01 – What to Watch
——–
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