US EditionEuropean stocks plunge at the open as Trump’s reciprocal tariffs take effect
- European stocks fell due to fears linked to US President Donald Trump's tariffs on the global pharmaceutical sector, opening in the red on Wednesday.
- India's Sensex and Nifty indices both dropped as U.S. markets closed lower due to recession concerns. Sensex fell 302 points or 0.41 percent.
- Japan's Nikkei index saw a decline of over three percent as fears regarding the US-China trade war affected market momentum.
- Trump's tariffs have raised concerns over a recession and altered the global trading system, with cumulative tariff increases reaching 104 percent on Chinese goods.
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77 Articles
77 Articles
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Left
18
Center
15
Right
6
On Wednesday, the U.S. President announced that he would standardize reciprocal taxes to 10% with U.S. trading partners for 90 days – except with China, which was affected by a 125% increase in tariffs.
·Paris, France
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Trump's new import tariffs on the EU came into effect on April 9. Against this background, key European stock indices started the day with a significant fall.
·Vilnius, Lithuania
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The escalating trade war between the US, China and the EU is causing stock market prices in Europe to fall massively. The Euro-Stoxx-50 loses almost three percent.
·Vienna, Austria
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Total News Sources77
Leaning Left18Leaning Right6Center15Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 38%
15%
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