š European Stocks Plunge as China Retaliates with Tariffs
š Markets Bleed | š£ Banks Crash | š Global Trade Under Threat
š» 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: āBanks are least prepared for global macro troubleā
ā ļø China Hits Back
šØš³ Retaliatory tariffs of 34% on ALL U.S. goods starting April 10
ā”ļø U.S. tariffs now hit 180+ countries, total rate on China: 54%
š„ Worst-Hit Sectors
š Luxury Retail: Stoxx Luxury 10 index down 5.2% ā worst in 4 years
š¢ Shipping Giants: Maersk & Hapag-Lloyd both down over 9%
š Auto Industry: Trumpās 25% vehicle tariff in effect
š© Steel & Aluminum duties adding fuel to fire
š¶ Currency Moves
š¹ Euro surges to 6-month high vs. USD
ā Traders pricing in global economic shift
š§ Economic & Political Reaction
š Global Recession Fears Spike
š El-Erian: U.S. recession risk now āuncomfortably highā
š«š· Franceās Macron urges halt on U.S. investments
š©šŖ Germanyās Habeck: āTrump will buckle under pressureā
š EU Plans to Retaliate
šØ If talks fail, EU ready with countermeasures
š Goldman Sachs cuts UKās GDP forecast from 0.8% ā 0.7%
š Switzerland, Norway, Sweden also face growth downgrades
š CryptoPulsee Insight:
Trade wars = economic turbulence = investor fear.
š” Watch
#bitcoin and Gold as hedges rise in demand.
Stay Informed. Stay Ahead. Stay Sharp. š¹
#EUStocks #ChinaTariffs #USATradeWar #stockmarketupdate