President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption from 125% tariffs on China as a procedural step in his overall push to remake US trade. The dollar weakened to a six-month low on concern that the confusion around the Trump administrationβs tariff policy will drive traders away from US assets. Europeβs Stoxx 600 index rallied, while futures for the S&P 500 and the Nasdaq 100 advanced at least 1.5%. Apple shares jumped in premarket trading. The late Friday tech tariff exemption is temporary and a part of the longstanding plan to apply a different, specific levy to the sector. Trump doubled down on the plan Sunday. βNOBODY is getting βoff the hook,ββ Trump said in a social media post Sunday. 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 Guy Johnson and Kriti Gupta. Chapters: 00:01:27 – Trump: Flexibility on Chip Tariffs 00:07:40 – China Exports Surge 00:11:24 – Iran, US Extend Talks 00:11:43 – UK Rushes to Keep British Steel 00:12:18 – Meta’s FTC Trial Over WhatsApp, Instagram 00:15:51 – Treasuries Rally 00:19:01 – Gold Price to Hit $4,00: Goldman 00:26:21 – Fed Rate Hike, US Recession Chances 00:37:31 – Dollar Extends Drop 00:46:11 – European Stock Market Rally 00:56:52 – Recession Risk ‘Rising’: Charles Schwab 01:04:51 – Chip Stocks Rise After Tariffs Pause 01:09:17 – ‘Stormy Seas’ Ahead: Jamie Dimon 01:12:18 – Trump Tariffs: European Firms Shift Production 01:17:10 – China Exports Surge After Tariffs 01:26:30 – Trump Tariffs: Nouriel Roubini Says China Has Leverage ——– More on Bloomberg Television and Markets
