sefcovic had this to say.y imposing tariffs, the us will be taxing its own citizens, raising costs for its own business effects for many others, as well as the global trading system as a whole. put simply, it is a lose—lose scenario. we are currently assessing the scope of the measures way by countermeasures. in paris for the ai summit. over the coming weeks to highlight the negative impacts on americans and canadians of these on international trade law — and now a partner at the global law firm steptoe llp here in london. i asked him what prime minister trudeau will be talking the canada—eu trade agreement, which came into force in 2017 and has already seen a 60% increase in trade between the eu and canada. between the two parties. so how to deepen that in the context of a united states that is acting in a capricious and protectionist manner? so that's one of the things they'll be discussing. leader and its retreat from engagement in multilateral and for canada, it's a very tense time for them of those metals

that's according to eu commissioner for trade maros sefcovic.eaking in washington on wednesday, sefcovic warned that the bloc would have to respond firmly if the us followed through on trump's tariff threats. mercedes benz has said it is taking steps to boost its competitiveness after full year group sales fell 4.5% and earnings in its car division came in 40% lower on the year. airbus has delivered on its 2024 guidance and what is it called a testing year for the company, posting a 6% annual increase in full year consolidated revenues to just over ■k769 billion, while incurring a ■k71.3 billion hit from its space program. the planemaker is targeting around 820 commercial aircraft deliveries this year, up from 766 last year. we'll speak with the ceo of airbus, guillaume faury. tune in for that interview coming up later this morning at 1015 gmt. and still ahead on this show, we'll look back at the first month of donald trump's second term and the impact it's had on markets. the impact it's had on markets. we'll be right back. (♪♪) now for somethi

maros sefcovic, who is commissionerfor trade and economic security, told an american enterprise instituteton that he would tell and about 4 of them, outside the million of them, outside the mexico and canada area, so they mostly coming lrom japan. are mostly coming from japan, south korea and germany. so it is really they can keep is really vital they can keep those going. because, those markets going. because. there are for example, there are other markets, such as europe, that are quite heavily regulated and china has been weak for them so tchina' has'heenwea ksfor them so us has tchina' hasheenwea ksfor them so us has a real the us has been a real powerhouse of those german oars makers. could be german sou-smokers. could be any pushback from they could be any pushback from european car—makers or will see this as a positive? l 7 think will... what dgn't think they will. .. what you mean? they will see any do you mean? they will see any of negotiation as a ”if ithi. because 7 i7think. because they positive, i think. because they will want to see those markets he ill”? “ . tr .. 37" 7�*77

. >> commissioner, maros sefcovic, said the eu remains committed to finding mutually beneficial solutions with the trump administration. so there you. >> have. >> on your screens the response. >> from the. eu so far. >> a bit of a placeholder, i would say, in terms of what may come next from the eu. we don't yet know what that will look like. and we also don't know whether these tariffs will in fact come into effect. we have the president of the united states yesterday confirming the plan to impose these 25% levies on steel and aluminum imports. they haven't come into effect yet. >> and will. >> we see any negotiating between. >> now and when they do come into effect? that is one of the key questions. and will this response from the eu trigger negotiations? we will discuss more on the program. for now, though, let's take a look at markets and what the reaction has been to this back and forth on tariffs. we are looking at fairly muted trade at the headline level. it is a mixed bag when. >> you look. >> under the hood in europe, stoxx 600 currently trading around the flat line after moving

eu trade commissioner maros sefcovic is set to meet commerce secretary howard lutnick and other top economic officials in the administration today, with the eu looking to strike a deal with the president. leaders have floated ideas including buying more natural gas and weapons from the states and cutting duties on u.s. auto imports in a bid to avoid high tariff levels. so one to watch, frank. >> julianna, thank you very much. all right. turning back to the u.s. markets, u.s. investors just largely shrugging off president trump's latest tariff threat, apparently viewing it more as a negotiating tactic. let's now bring in ben edmunds, chief market strategist at strategic fortune wealth and a founder at fedwatch. ben, good morning. always good to see you. >> good morning frank. >> good to be back. >> all right. so ben, you, according to your notes, you see reciprocal tariffs is kind of bullish. you think that's okay for the markets. that's understandable. what do you think about this new round of tariffs on autos pharmaceuticals and chips. what's your view on that. >> yeah i think. >> you. >> s

it comes after eu trade commissioner maros sefcovic said the bloc remained committed to finding mutually beneficial solutions with the trump administration. he also warned that the white house could be fueling inflation with its move to resume tariffs, calling the measures a lose lose scenario. now, interestingly, from a markets perspective, the equity market as a whole has largely shrugged off the latest raft of measures. the pan-european stoxx 600 mostly flat in early trade. but those basic resources names are under pressure this morning, underperforming that basket of stocks off about 2% in early trade. frank. >> all right giuliana, thank you very much. >> julianna tatelbaum live in our london newsroom. turning back to the us market. stocks. they may have mostly shrugged off trump's latest tariff move. >> yesterday. >> but today. >> rising trade. >> tensions across the atlantic are injecting some new uncertainty into the markets. >> all this as the fed chair gets set for. >> day one of two days of capitol hill. >> testimony on the. >> economy and. monetary policy. joining me now is al

sefcovic had this to say. by imposing tariffs, the us will be taxing its own partners directly involved, but also risk having disruptive we are currently assessing the scope of the measures and its neighbours should be co—operating against the bigger competitive threat — china. the only way to compete with asia, particularly with china and with other countries, is to stay together. leaders in brussels. he warned they would work together to counter the tariff threat. and if it comes to that, our response, of course, i asked him what prime minister trudeau will be talking the canada—eu trade agreement, which came into force in 2017 between the eu and canada. that is acting in a capricious and protectionist manner? leader and its retreat from engagement in multilateral institutions that we've seen, how, the value of international law and the value of international and for canada, it's a very tense time they're one of the biggest exporters at the moment for tariffs of 25% on all canadian goods, you assume there's