Europe Stock Markets Set for Negative Start to Week After Trump Doubles Steel Tariffs

El Tiempo Latino

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According to the original report, President Donald Trump launched a new offensive in the global trade war by announcing that tariffs on U.S. steel imports will rise to 50%.This measure, which doubles the existing rate, seeks to protect steel workers in the U.S. However, the immediate impact was felt in several markets. Beijing soon reacted, accusing the U.S. of provoking new economic and commercial frictions.Falling in the main indices Trump's a…

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Stock exchanges in Amsterdam and Europe opened slightly lower on the first trading day of June. Chip funds are at the bottom, the loss for steelmakers is limited after President Trump announced he would double import duties on all steel. Investors also assess the narrow victory of Polish nationalist Nawrocki in the elections against an empty business agenda.

CNN Brasil

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European stocks began the month of June with a drop this Monday (2), as markets dealt with the new tariff plans of the President of the United States, Donald Trump, which threatened to rekindle a new wave of global trade tensions. The pan-European STOXX 600 index closed down 0.14% to 547.92 points after rising about 4% in May. Trump said on Friday (30) that he planned to increase tariffs on imported steel and aluminum from 25% to 50%. The Europe…

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18:09 The Bel20 closed flat. A doubling of US import tariffs on steel prompted caution on European stock markets.