European Markets React to US Tariffs

European stock markets experienced a significant downturn in premarket trading this Wednesday, following the implementation of new US tariffs. These tariffs, including a hefty 104% duty on Chinese imports, have sparked widespread concern among investors.

Market Performance Highlights

At 8:00 am CET, the DAX led the decline with a 3.74% drop, closely followed by the FTSE 100 and other major European indices. The euro and pound showed some resilience, gaining against the dollar amidst the market turmoil.

Looking Ahead

Investors are bracing for further volatility as President Trump hints at additional tariffs, particularly on pharmaceuticals, signaling a potentially rocky road ahead for global markets.