EUStocks

🌍 European Stocks Plunge as China Retaliates with Tariffs

📉 Markets Bleed | 💣 Banks Crash | 🛑 Global Trade Under Threat

🔻 European stock markets dropped sharply Friday

Stoxx 600 down 4.4%

Banking sector plunges 8.2% after a 5.5% drop Thursday

Bank of America warns: “Banks are least prepared for global macro trouble”

⚠️ China Hits Back

🇨🇳 Retaliatory tariffs of 34% on ALL U.S. goods starting April 10

➡️ U.S. tariffs now hit 180+ countries, total rate on China: 54%

💥 Worst-Hit Sectors

👜 Luxury Retail: Stoxx Luxury 10 index down 5.2% – worst in 4 years

🚢 Shipping Giants: Maersk & Hapag-Lloyd both down over 9%

🚗 Auto Industry: Trump’s 25% vehicle tariff in effect

🔩 Steel & Aluminum duties adding fuel to fire

💶 Currency Moves

💹 Euro surges to 6-month high vs. USD

→ Traders pricing in global economic shift

🧠 Economic & Political Reaction

📉 Global Recession Fears Spike

🔍 El-Erian: U.S. recession risk now “uncomfortably high”

🇫🇷 France’s Macron urges halt on U.S. investments

🇩🇪 Germany’s Habeck: “Trump will buckle under pressure”

🔁 EU Plans to Retaliate

🔨 If talks fail, EU ready with countermeasures

📉 Goldman Sachs cuts UK’s GDP forecast from 0.8% → 0.7%

📉 Switzerland, Norway, Sweden also face growth downgrades

📊 CryptoPulsee Insight:

Trade wars = economic turbulence = investor fear.

💡 Watch #bitcoin and Gold as hedges rise in demand.

Stay Informed. Stay Ahead. Stay Sharp. 💹

#EUStocks #ChinaTariffs #USATradeWar #stockmarketupdate