European Markets in Uproar as Trump Threatens Eu with 25% Tariffs
European stocks dropped after US President Donald Trump said he would impose 25% tariffs on imports from the European Union. The Stoxx 600 index fell 0.5%, with the retail, tech and auto sectors among the biggest laggards. The euro edged lower as a slew of earnings kept European traders busy.
- This escalating trade war has the potential to disrupt global supply chains and lead to a surge in inflation, which could have far-reaching consequences for economies around the world.
- Will the European Union's economic might be enough to withstand the pressure from Trump's tariffs, or will the EU be forced to make significant concessions to avoid a trade war?