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European stock markets are expected to fall dramatically at the open Thursday as traders react to U.S. President Donald Trump's trade tariffs announcements.
From NBC Chicago
The tariffs will take effect on April 9 and appeared to target about 60 countries.
From Reuters
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London (UKX) -1.29% to 8,497, touching its lowest level in about three weeks. Germany (DAX:IND) -1.79% to 21,990, hitting its lowest level in nearly two months. Germany's composite PMI rises, services ease in March.
The Trump administration's aggressive global tariff regime against imported goods from some of its closest allies has drawn strong reactions across the board.
European stock markets are taking the Trump-tariff fallout squarely on the chin. Members of the European Union will face a 20% tariff and so Germany's DAX index is down 2.4% as shares of vehicle manufacturers,
The UK and the European Union are expected to work toward linking their carbon markets at a summit next month, a move that would underline improving relations five years after Brexit.
From the Baroque backdrop of Vienna to the medieval charm of Nuremberg, these Easter markets are a celebration of craftsmanship and European heritage.
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In commodities, Brent crude dropped 3.3% to $72.48 a barrel, and WTI crude dropped 3.5% to $69.21 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was down 2.6% to 40.17 euros a megawatt hour.
President Trump’s reciprocal tariffs will lead to job losses, deferred investments and higher prices, a trade group representing Europe’s wine industry said Wednesday. The Brussels-based European Comm
1don MSN
U.S. stock indexes are drifting lower with uncertainty still high about just what President Trump will announce on his “Liberation Day”