🔁Mario Nawfal:
🇪🇺🇺🇸EUROPE PANICS AFTER TRUMP’S 50% TARIFF THREAT
European markets tanked today after Trump threatened a 50% tariff on goods from the European Union starting June 1.
Investors had been betting he’d ease off earlier tariff plans. He didn’t. Stocks fell fast.
Europe’s main stock index dropped 2%, with car and bank stocks falling over 3%.
U.S. stock futures also dropped 1.5%, as traders worried this could hurt the global economy.
Investors rushed to safer places. German bond yields fell sharply—meaning people were desperate to hold something stable.
The Japanese yen, a classic “safe” currency, surged. The euro, which had been up, gave back some gains.
Why does this matter?
The U.S. and EU together make up nearly 40% of the world economy.
If a trade war explodes between them, everyone feels it—from car prices to job markets to global growth.
Source: Reuters
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
🇪🇺🇺🇸EUROPE PANICS AFTER TRUMP’S 50% TARIFF THREAT
European markets tanked today after Trump threatened a 50% tariff on goods from the European Union starting June 1.
Investors had been betting he’d ease off earlier tariff plans. He didn’t. Stocks fell fast.
Europe’s main stock index dropped 2%, with car and bank stocks falling over 3%.
U.S. stock futures also dropped 1.5%, as traders worried this could hurt the global economy.
Investors rushed to safer places. German bond yields fell sharply—meaning people were desperate to hold something stable.
The Japanese yen, a classic “safe” currency, surged. The euro, which had been up, gave back some gains.
Why does this matter?
The U.S. and EU together make up nearly 40% of the world economy.
If a trade war explodes between them, everyone feels it—from car prices to job markets to global growth.
Source: Reuters
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
7 hours ago
