Trump Takes Aim at Musk, EU to Accept US Universal Tariff | The Opening Trade 07/01

President Donald Trump lashed out at Elon Musk on Tuesday, accusing the Tesla and SpaceX chief executive officer of benefiting excessively from government electric vehicle subsidies. Tesla shares tumbled.

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates on key sectors. The EU is also pushing the US to effectively lower Washington’s 25% tariff on automobiles and car parts as well as its 50% tariff on steel and aluminum, according to people familiar with the matter.

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 Guy Johnson and Kriti Gupta.

Chapters:
00:00:00 – The Opening Trade
00:02:10 – EU to Accept Trump Tariffs
00:05:51 – Musk Fumes at Trump Tax Bill
00:09:33 – Apple Weighs Using Outside AI
00:09:37 – Boeing Replaces CFO
00:10:03 – Starmer Judgment Day
00:14:22 – Bundesbank President Joachim Nagel
00:25:29 – Starmer Welfare Vote
00:34:16 – Labour Welfare Bill
00:36:26 – ECB Vice President de Guindos
00:47:49 – Stocks to Watch: Banks, Sainbury’s
01:06:03 – Apple, Siri AI Decision
01:11:03 – Tesla Stock Down After Trump Truth
01:13:17 – Bessent: ‘Confident’ on Trump Tax Bill
01:27:52 – Renk CEO Alexander Sagel
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