European Stock Markets React to US Tariffs

Following the announcement of sweeping trade tariffs by US President Donald Trump, European stock markets experienced a sharp decline at Thursday's close. The DAX and EURO STOXX 50 were among the hardest hit, with significant losses across major companies.

Global Economic Fallout

The European Union, France, and Spain are swiftly moving to counteract the potential economic repercussions of these tariffs, which include a 20% levy on EU imports and a 10% charge on UK goods. The impact was not limited to stocks; currencies and major corporations like shipping giant Maersk also felt the strain, with its shares dropping by 10%.

Market Closures and Currency Fluctuations

By the close of trading, the DAX had fallen by 2.93%, the CAC 40 by 3.31%, and the FTSE 100 by 1.59%. Meanwhile, the euro and pound saw gains against the US dollar, highlighting the complex interplay of global trade policies and market reactions.