European markets fall and euro soars amid Trump tariff delays
Briefly

European stock markets experienced significant declines following Donald Trump's latest tariff reversal, intensifying investor anxiety regarding the impact on economic conditions. Notably, Germany's Dax dropped 1.6% and France's Cac 40 fell by 1.2%, reflecting deteriorating manufacturing data. This turmoil was exacerbated by a drop in the US S&P 500 index, indicating a global sentiment of instability. The prolonged uncertainty over tariffs with key partners like Canada and Mexico has led to growing concerns about inflation and global economic repercussions, prompting European nations like Germany to reconsider defense spending and fiscal policies in response.
European markets fell sharply amid investor uncertainty following Trump’s second tariff reversal, leading to fears of a trade war that could deeply impact economies.
Investors are trying to decipher the Trump administration's economic policies amidst chaotic tariff cycles, with globalist nations being blamed for market turmoil.
Read at www.theguardian.com
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