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 -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts