Von Der Leyen: EU open to barter on tariffs however will take ‘agency counter-measures if vital’
European Council President Antonio Costa (left) talking with European Fee President Ursula von der Leyen (proper) and European Parliament President Roberta Metsola earlier than a debate on the conclusions of the European Council assembly of March 20, 2025, as a part of a plenary session on the European Parliament on April 1, 2025, in Strasbourg, jap France.
Frederick Florin | Afp | Getty Pictures
The European Union is open to negotiations with the U.S. on tariffs however will take retaliatory measures if vital, European Fee President Ursula von der Leyen mentioned in a speech Tuesday.
“We’re open to negotiations. We are going to method these negotiations from a place of power. Europe holds a number of playing cards, from commerce to know-how to the dimensions of our market. However this power can also be constructed on our readiness to take agency counter-measures if vital. All devices are on the desk,” she mentioned.
Von der Leyen repeatedly pressured that the EU disagreed with the escalation in commerce disputes triggered by U.S. President Donald Trump, and mentioned nations ought to work collectively to sort out points akin to overcapacity, imbalances, unfair subsidies, denial of market entry and mental property theft.
“However my message to you at this time is we now have every part we have to shield our folks and our prosperity. We now have the biggest single market on the planet, we now have the power to barter, we now have the ability to push again,” she mentioned.
Von der Leyen mentioned the EU’s different approaches to the looming “reciprocal tariffs” can be to strengthen its commerce relationships with different companions and double down by itself single market.
— Jenni Reid
Europe shares open greater
European inventory markets opened greater Tuesday, with the Stoxx 600 index up 1% at 8:08 a.m. U.Okay. time.
The U.Okay.’s FTSE 100 and Germany’s DAX had been each round 1% greater, whereas France’s CAC 40 rose 0.8%.
Stoxx 600 index.
Trump is pondering long term however is enjoying a ‘harmful sport,’ strategist says
U.S. President Donald Trump is relying on a longer-term rebound within the economic system and markets together with his excessive tariff plan, however he’s enjoying a “harmful sport,” in keeping with one strategist.
“The market will take a while to digest what’s taking place tomorrow, I do not suppose we’ll see a giant aid within the sense that Trump will come out and supply sweets to the market, saying tariffs will probably be much less extreme than what’s suspected,” Wolf von Rotberg, fairness strategist at Safra Sarasin Sustainable Asset Administration, informed CNBC’s “Squawk Field Europe” on Tuesday.
“I might suppose that by way of the yr he’ll probably preserve the temperature fairly excessive,” von Rotberg mentioned, including that that is due to Trump’s expertise as president in 2018 to 2019 when the Federal Reserve was in an analogous stage of a cycle of charge hikes and cuts.
“Again then he broke the again of the cycle, he broke the again of the fairness market, however he additionally introduced the Fed to show a lot transfer dovish and he had a significantly better yr in 2019. The cycle recovered, development picked up, was nice within the third quarter of 2019, consumption got here again and the fairness market had rebounded by April … Trump just isn’t occupied with the quick affect however one step additional,” von Rotberg informed CNBC.
U.S. President Donald Trump prepares to signal an govt order associated to the U.S. dwell leisure ticketing trade within the Oval Workplace on the White Home in Washington, D.C., March 31, 2025.
Leah Millis | Reuters
“He will not present a put to the market, the one put which will be offered to the market is the Fed, and in an effort to get the Fed to ease and switch extra dovish from the place they’re he wants to provide some draw back on the cycle and he could have to provide some draw back in the marketplace as nicely.”
Wolf von Rotberg added that this was a “harmful sport,” since inflation stays nicely above goal and may very well be pushed greater by inflation, curbing any Fed pivot — and since the U.S. authorities deficit has widened and would probably improve throughout a downturn, fueling fears within the charges market.
— Jenni Reid
European markets: Listed below are the opening calls
European markets are anticipated to open greater Tuesday as international markets put together for U.S. President Donald Trump’s beforehand introduced commerce tariffs to come back into drive.
The U.Okay.’s FTSE 100 index is anticipated to open 31 factors greater at 8,689, Germany’s DAX up 88 factors at 22,251, France’s CAC 8 factors greater at 7,798 and Italy’s FTSE MIB 77 factors greater at 38,816, in keeping with information from IG.
Information releases embrace the newest EU inflation print.
— Holly Ellyatt
Spot gold crosses $3,130, hitting contemporary document
Spot gold hit a contemporary document excessive of $3,132.17 at 9.15 a.m. Singapore time on Tuesday, after crossing the $3,100 threshold on Monday.
Gold/USD
The worth of the valuable steel has been on the rise as buyers flock to the protected haven asset amid considerations round U.S. President Donald Trump’s contemporary tariffs.
— Amala Balakrishner
