Trump Rebuilds Tariff Wall With Global Levies | The Opening Trade 7/24/2026
The US will collect duties of between 10% and 12.5% on imports from most major trading partners, its biggest move yet to reconstruct President Donald Trump’s tariff wall that was struck down by the Supreme Court.
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 and Guy Johnson.
Chapters:
00:00:00 – The Opening Trade
00:00:54 – Market Check
00:02:04 – New Trump Tariffs
00:04:55 – Oil Rebounds
00:06:59 – Global Tech Stock Selloff, Mag-7 Stocks
00:11:39 – Brent Crude Price
00:17:52 – ECB Monitoring Oil Price Impact
00:25:08 – SAP Stock
00:26:41 – SAP CEO Christian Klein
00:38:36 – Geopolitics and Tech Weakness a Headwind for Risk: MLIV
00:46:30 – Stocks to Watch: VW, SAP, UK Retailers
00:52:19 – Volkswagen CFO Arno Antlitz
01:04:53 – Vontobel Co-CEO Christel Rendu de Lit
01:16:25 – SAP Stock Gains
01:23:53 – Trump Tariffs
01:29:06 – Intel Shatters Earnings Estimates
01:31:36 – Mag-7 Sheds $797B in Market Cap
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