European markets move lower as Trump's sweeping tariffs take effect
European and US markets moved lower on Wednesday as Donald Trump's sweeping new country-specific tariffs start to take effect.
READ MORE : http://www.euronews.com/2025/04/09/european-markets-set-to-open-lower-as-latest-us-tariffs-take-effect
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European and US markets moved lower on Wednesday as Donald Trump's sweeping new country-specific tariffs start to take effect.
READ MORE : http://www.euronews.com/2025/04/09/european-markets-set-to-open-lower-as-latest-us-tariffs-take-effect
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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00:00European markets moved lower on Wednesday morning as U.S. President Donald Trump's sweeping new country-specific tariffs started to take effect.
00:09Germany's leading stock market index, the DAX, dropped 2.99% and London's FTSE 100 declined 2.55%.
00:18The sea of red across key European indexes comes as Trump levied a total import tariff of 104% on Chinese goods.
00:27U.S. stocks also dropped after a second day of stunning reversals.
00:32The S&P 500 fell 1.6% on Tuesday after wiping out an early gain of 4.1%, which had it on track for its best day in years.
00:42Analysts have attributed the global market's reaction to uncertainty about what Trump will do with his trade war.
00:49Meanwhile, U.S. Customs and Border Protection confirmed on Tuesday it was preparing to collect the country's specific tariffs from 86 nations.
00:59While the U.S. President has indicated he remains open to negotiations, he has also confirmed that the planned tariffs on Chinese imports would proceed.
01:08For now, his