Vidostream | News, sport and opinion from the Vidostream's US Edition

https://vidostream.com

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

A TV screen below a display showing the German DAX stock index on the Frankfurt stock exchange, Germany, on April 3, 2025. © Daniel Roland, AFP

A TV screen below a display showing the German DAX stock index on the Frankfurt stock exchange, Germany, on April 3, 2025. © Daniel Roland, AFP

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.

Read More (...)

Author: Editors Desk

Source: France 24

We are using cookies to give you the best experience on our website. By continuing to browse, you are agreeing to our Cookie Policy.
You did not use the site, Click here to remain logged. Timeout: 60 second