๐ European Stocks Plunge as China Retaliates with Tariffs
๐ Markets Bleed | ๐ฃ Banks Crash | ๐ Global Trade Under Threat
๐ป 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: โBanks are least prepared for global macro troubleโ
โ ๏ธ China Hits Back
๐จ๐ณ Retaliatory tariffs of 34% on ALL U.S. goods starting April 10
โก๏ธ U.S. tariffs now hit 180+ countries, total rate on China: 54%
๐ฅ Worst-Hit Sectors
๐ Luxury Retail: Stoxx Luxury 10 index down 5.2% โ worst in 4 years
๐ข Shipping Giants: Maersk & Hapag-Lloyd both down over 9%
๐ Auto Industry: Trumpโs 25% vehicle tariff in effect
๐ฉ Steel & Aluminum duties adding fuel to fire
๐ถ Currency Moves
๐น Euro surges to 6-month high vs. USD
โ Traders pricing in global economic shift
๐ง Economic & Political Reaction
๐ Global Recession Fears Spike
๐ El-Erian: U.S. recession risk now โuncomfortably highโ
๐ซ๐ท Franceโs Macron urges halt on U.S. investments
๐ฉ๐ช Germanyโs Habeck: โTrump will buckle under pressureโ
๐ EU Plans to Retaliate
๐จ If talks fail, EU ready with countermeasures
๐ Goldman Sachs cuts UKโs GDP forecast from 0.8% โ 0.7%
๐ Switzerland, Norway, Sweden also face growth downgrades
๐ CryptoPulsee Insight:
Trade wars = economic turbulence = investor fear.
๐ก Watch #bitcoin and Gold as hedges rise in demand.
Stay Informed. Stay Ahead. Stay Sharp. ๐น
