Trump announces Liberation Day tariffs

President Trump hails his tariff blitz on Liberation Day. U.S. markets fall in extended trade as investors rush to safe havens, fearing the swathe of levies imposed by Washington could spark a global trade war. In Asia, the Nikkei slumps to an 8-month low and the tariff effects are felt across South-East Asian markets. China slams the move as ‘unilateral bullying’ and Canada pledges retaliation. The EU’s response is measured for now. EC President Ursula Von Der Leyen says the bloc is still committed to negotiation. We hear from TotalEnergie CEO Patrick Pouyanné and Leonardo CEO Roberto Cingolani who remain upbeat that the trade conflict could be beneficial to Europe.

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