Reported about 13 hours ago
European stock markets experienced a significant downturn following the announcement of U.S. President Donald Trump's imposing tariffs, disrupting the strong start to 2025. The STOXX 600 index, which previously showed promising earnings growth, is now down 12%, affecting various sectors, including automakers and luxury goods, as companies brace for potential profit warnings due to unexpected tariff impacts on supplies and finances.
Source: YAHOO