European Markets React to US Tariff Announcements

European stock markets experienced significant declines on Friday, as leaders across the continent deliberated on how to respond to the latest tariff impositions by United States President Donald Trump. The DAX, CAC 40, Euro Stoxx 50, and FTSE 100 all saw substantial drops, reflecting the market's nervousness.

Key Market Movements: The DAX fell by 2.13%, the CAC 40 by 1.76%, the Euro Stoxx 50 by 2.10%, and the FTSE 100 by 1.44%. These movements underscore the immediate impact of Trump's tariffs on European exports.

Currency Fluctuations: The euro and pound sterling also weakened against the dollar, with the euro losing 0.49% and the pound dropping by 0.85%. This currency movement highlights the broader economic implications of the tariff announcements.