President Donald Trump said he would put an additional 10% tariff on any country aligning themselves with “the Anti-American policies of BRICS,” injecting further uncertainty into global trade as the US continues to negotiate levies with many trading partners.

President Donald Trump derided Elon Musk’s announcement that the Tesla and SpaceX chief executive officer is starting a new political party, saying the US has “always been a two-party system.”

“Third parties have never worked, so he can have fun with it, but I think it’s ridiculous,” Trump told reporters on 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 Tom Mackenzie, Kriti Gupta and Valerie Tytel.

Chapters:
00:00:00 – The Opening Trade
00:02:12 – Trump Tariffs Delayed
00:04:10 – Tariffs: China Hits EU Medical Devices
00:06:10 – OPEC Surprise Boost
00:08:39 – Fed Minutes
00:08:43 – Texas Flood Deaths Rise
00:09:17 – BRICS Countries’ Leaders Condemn Iran Attacks
00:09:56 – Elon Musk ‘America Party’
00:16:18 – Amundi CIO Vincent Mortier
00:27:25 – BRICS Countries Tariffs
00:31:01 – Oil Price, OPEC Accouncement
00:37:55 – US Stocks to Climb: MLIV
00:45:24 – Japan Bonds Fall
00:47:30 – Stocks to Watch: Shell, Medical Device Makers, Kapgemini
01:08:04 – Tariffs: Luxury Stocks
01:17:29 – Tariff Deadline: Supply Chains
01:23:44 – BRICS Summit
01:29:13 – Tariff Letters
01:34:57 – Bessent Hints at Trade Extension
——–
More on Bloomberg Television and Markets

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