Jun 11th, 2025

Musk Regrets Trump Posts, US-China Trade Plan Awaits Xi & Trump Approval | The Opening Trade 06/11

Elon Musk issued an apology on his social-media platform, X, over how he handled the dispute with President Trump last week. The dispute — which was triggered by Elon Musk’s opposition to the tax-cut bill President Donald Trump is pushing through Congress — posed a threat to Musk’s wealth when the president raised the prospect of retaliating by cutting off his government contracts. After some 20 hours of negotiations in London, US Commerce Secretary Howard Lutnick said the US and China had established a framework for implementing the Geneva consensus that last month brought down tariffs - a framework now awaiting the blessing of Donald Trump and Xi Jinping. 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 Tom Mackenzie.