• Wed, Mar 4, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

4 April 2025 02:33  |

European Stocks Fall Sharply on Trump’s New Tariffs

European stock markets fell sharply on Thursday after Trump announced higher-than-expected tariffs.

The Stoxx 50 dropped 3.7%, and the broader Stoxx 600 lost 2.7%. Companies with global supply chains were hit hard—Adidas plunged 11%, and shipping giant Maersk fell 9.5%. Auto stocks slid 3.9% as Trump's 25% tariff on imported vehicles took effect, adding to existing steel and aluminum duties.

Banks fell 5.6%, and tech stocks dropped 4.5%, while utilities, seen as safer during market turmoil, gained nearly 3%. Trump’s "reciprocal tariffs" include a 20% tax on EU imports and 10% on UK goods.

In response, EU leaders, including Ursula von der Leyen and Emmanuel Macron, warned of countermeasures and urged companies to reconsider U.S. investments.

Source: Trading Economics

Related News

MARKET UPDATE

Asian Stocks Down, Focus on Korea, Middle East

Asian stocks started the week on a weak note, as investors grappled with South Korea’s political turmoil and awaited fresh ...

9 December 2024 07:43
MARKET UPDATE

Asian Stocks Fluctuate on Hints of Tariff Relief

Stocks remained volatile in Asia after U.S. Commerce Secretary Howard Lutnick suggested the Trump administration may lift som...

5 March 2025 07:32
MARKET UPDATE

Asian Stocks in Narrow Range, Yen Crosses Key Level

Asian stocks traded in a narrow range after U.S. stocks fell from record highs as a disappointing forecast from the world’s...

21 February 2025 07:43
MARKET UPDATE

Asian Stocks Rise Following U.S., China Set to Reopen

Asian stocks rose as traders navigated their way through the U.S.-China trade war and earnings from Wall Street’s big tech ...

5 February 2025 07:24
BIAS23.com NM23 Ai