European Shares Plummet as Trump's Fresh Tariffs Come Into Effect
European shares joined a global market selloff on Tuesday after U.S. tariffs on Canada, Mexico and China took effect, raising concerns that similar levies could be imposed on Europe. The pan-European STOXX 600 index was down 0.8% at 0933 GMT, retreating from the previous session's record high. Germany's blue-chip index also came off record peak, falling about 1.6%.
- The ongoing trade tensions between the US and European nations may have a lasting impact on global economic growth, as firms in both regions reassess their investment strategies and supply chains.
- What potential measures could be implemented by European policymakers to mitigate the effects of tariffs on businesses and consumers alike?