Trump 104% China Tariffs Kick In, 'Fire Sale' on US Treasuries | The Opening Trade 04/09

Trump 104% China Tariffs Kick In, 'Fire Sale' on US Treasuries | The Opening Trade 04/09

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For your information, you can find below the description of the video Trump 104% China Tariffs Kick In, 'Fire Sale' on US Treasuries | The Opening Trade 04/09 published by the Youtube channel Bloomberg Television:

President Donald Trump is pushing ahead with tariffs on roughly 60 trading partners that he dubbed the “worst offenders” that took effect after midnight New York time. Most critically, the president plans to forge ahead with what would amount to a 104% levy on many Chinese goods. A selloff in longer-dated US Treasuries accelerated, worsening the slump in bond equivalents across the globe, as an escalation in the trade war sowed doubts over the haven status of US government debt. Every sector in Europe was down at the market open, but drugmakers are the biggest decliners so far after Trump’s comments that the US would be “announcing very shortly a major tariff on pharmaceuticals”. The Stoxx 600 Health Care Index has dropped to the lowest since October 2022. Weight-loss and diabetes drugmaker Novo Nordisk slumped along with AstraZeneca, GSK stocks also falling.

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 Kriti Gupta

Chapters:
00:00:01 - The Opening Trade
00:01:37 - Trump: China is Paying 104% Tariff
00:07:12 - Oil Price Down
00:08:15 - Meloni, Trump Negotiate Tariff Relief
00:11:16 - Bond Markets Skyrocket
00:12:03 - iPhone Price to Rise
00:15:12 - Treasury Markets 'Fire Sale'
00:24:31 - European Bonds Fall at Open
00:27:00 - SailPoint CEO on Market Selloff, Tariffs
00:40:15 - Gold Price
00:46:40 - S&P Futures
00:48:46 - European Stocks Drop at Open
01:08:11 - Trump Tariffs: EU Hit with 20% Tariffs
01:15:00 - Pharma Stocks Down
01:28:22 - EM Stocks Erase 2025 Gains
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