European shares plunge to 16-month low as China retaliates to Trump tariffs
European stocks tumbled on Monday following a collapse of Asian equities as US President Donald Trump refused to back down on sweeping tariffs after China retaliated in an escalating trade war that many fear could spark a global recession
European stock markets plummeted at the start of trading Monday, with Frankfurt slumping as much as 10 percent as a global sell-off intensified on US President Donald Trump's tariffs.
Indices were in freefall, with Paris diving more than six percent, London sliding nearly six percent, losses of more than five percent in Amsterdam and Oslo and Milan down over three percent.
Earlier Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war that many fear could spark a recession.
Keywords
Newer articles
<p>A look at 10 of the men seen as contenders to become the next pontiff.</p>
Saying 'please' and 'thank you' to ChatGPT costs millions of dollars, CEO says
What is the Signal messaging app and how secure is it?
Pope’s cause of death revealed
Pope Francis’ body carried through streets
Why China Can’t Win a Trade War
Hegseth says staffers found leaking ‘will be prosecuted’ amid Pentagon chaos
Who is Cardinal Kevin Farrell, the acting head of the Vatican?
Trump wants direct talks with Xi – Politico
Bieber’s wife intervenes in worrying video