European and US markets continue to drop after Trump's global tariffs
Global markets continue to experience sharp decline after Trump announced blanket tariffs on US imports of products from more than 180 countries and territories, ranging in severity from 10% to more than 50%.
READ MORE : http://www.euronews.com/2025/04/05/european-and-us-markets-continue-to-drop-after-trumps-global-tariffs
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Global markets continue to experience sharp decline after Trump announced blanket tariffs on US imports of products from more than 180 countries and territories, ranging in severity from 10% to more than 50%.
READ MORE : http://www.euronews.com/2025/04/05/european-and-us-markets-continue-to-drop-after-trumps-global-tariffs
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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NewsTranscript
00:00Markets are continuing to feel the jitters of Trump's aggressive global tariffs.
00:05Trump unveiled his global reciprocal tariff policy, which imposes customs duties on imports
00:09from more than 180 countries, ranging from 10 to over 50 percent.
00:14This was exacerbated after China also imposed its own counter tariffs on the US.
00:20European markets experienced a sharp decline on the first day after the announcement.
00:24The German DAX fund closed the week with a drop of more than 1000 points, roughly 5 percent,
00:29setting a new daily low for the index.
00:32Spain's largest stock market, the Iberian Index, or IBEX 35, also experienced similar
00:38decline.
00:39France's CAC 40 dropped about 4.3 percent.
00:42Trump's policy also recorded some significant blows to US stock markets.
00:47The S&P 500 fell by roughly 6 percent, a record low since the COVID-19 pandemic.
00:53The Dow Jones Index reported a 5.5 percent decline, while the Nasdaq Composite also saw
00:58a fall of almost 6 percent.
01:01Trump seems unfazed by the market reaction to his policies, instead noting that the decline
01:05will only be temporary.