02-04-2025
European Stocks Fall as Trump Tariff Announcement Looms Over Markets
Europe's Stoxx 600 Index fell hours before President Donald Trump's tariffs announcement in the White House Rose Garden, with speculation swirling over the details of the proposed trade action. Healthcare stocks were among the biggest losers as mass layoffs at the US Department of Health sowed uncertainty over the outlook for vaccines and gene therapies. Several proposals are said to be under consideration, including a tiered tariff system with a set of flat rates for countries, as well as a more customized reciprocal plan. The White House has said the tariffs would take immediate effect, but that Trump was open to subsequent negotiation. 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. (Source: Bloomberg)
