Markets fall after Trump threatens 50% tariff on EU imports

 

4h ago

13.02 BST

https://www.theguardian.com/business/live/2025/may/23/energy-price-cap-cut-great-britain-retail-sales-stock-markets-bonds-business-live-news?filterKeyEvents=false&page=with%3Ablock-6830643c8f08fb88c85e3530#block-6830643c8f08fb88c85e3530

 

Markets fall after Trump threatens 50% tariff on EU imports

European stock markets are sliding after Donald Trump threatened the EU with a 50% tariff on its goods from the start of June (see previous post).

 

Germany’s DAX has fallen by 1.9% as investors digest Trump’s announcement, while Italy’s FTSE MIB has lost 2%.

 

The Stoxx 600 Banks Index, which tracks bank shares in Europe, is down 1.7%.

 

In London, the FTSE 100 index of blue chip shares has now dropped by 101 points, or 1.1%, as trade war fears sweep the City again. Bank stocks are among the big fallers.