Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Global markets slip as Trump unleashes sweeping tariffs on 92 countries

by
August 1, 2025
in Investing
0
Global markets slip as Trump unleashes sweeping tariffs on 92 countries
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Stock markets across Europe and beyond fell sharply this morning following a dramatic escalation in the global trade war by former US President Donald Trump.

On Thursday night, Trump announced a new wave of tariffs on imports from 92 countries, igniting fears of a significant blow to international commerce and a renewed slowdown in global economic growth.

In early trading, Germany’s DAX index dropped by 1.1 per cent, while France’s CAC 40 fell by nearly 1 per cent and Spain’s IBEX lost 0.6 per cent. London’s FTSE 100 was also down 0.5 per cent despite the UK and EU finalising a trade deal with the US earlier this week.

Economists warned the tariffs could damage business confidence and disrupt supply chains just as global trade had started to stabilise post-pandemic.

“This is a huge blow to global commerce,” said Atakan Bakiskan, US economist at Berenberg Bank. “The tariffs distort competition between firms producing in the US and those based abroad.”

However, Bakiskan noted that the blanket nature of the tariffs – a uniform 15 per cent levy applied to all affected countries – might cushion the blow compared to a more targeted approach.

“European, Japanese and South Korean manufacturers tend to compete more with each other than directly with US producers,” he explained. “Since they’re all subject to the same tariff rate, the competitive distortion is less severe than if the US had singled out individual countries with varying tariffs.”

Nevertheless, the financial markets are clearly spooked. Analysts say Trump’s aggressive trade stance risks igniting retaliatory measures, disrupting international supply chains and pushing up prices for consumers and businesses alike.

The announcement comes amid a volatile period for the global economy, with inflation pressures lingering in key markets and central banks walking a tightrope between interest rate cuts and economic fragility.

If sustained, the latest tariffs could also test the strength of recent transatlantic trade agreements, as well as the willingness of major economies to maintain cooperation in the face of mounting protectionist pressure.

Investors will be closely watching the response from affected nations in the days ahead—and whether global markets can absorb yet another shock from the White House.

Read more:
Global markets slip as Trump unleashes sweeping tariffs on 92 countries

Previous Post

Friday freedom: remote workers log off early as broadband data reveals 3pm switch-off

Next Post

Microsoft joins $4tn club as AI-driven growth fuels tech boom

Next Post
Microsoft joins $4tn club as AI-driven growth fuels tech boom

Microsoft joins $4tn club as AI-driven growth fuels tech boom

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021
No, Tariffs Are Not Similar to Consumption Taxes Like a VAT

No, Tariffs Are Not Similar to Consumption Taxes Like a VAT

0

0

0

0
No, Tariffs Are Not Similar to Consumption Taxes Like a VAT

No, Tariffs Are Not Similar to Consumption Taxes Like a VAT

August 1, 2025

2025’s Best Assignment Help Website in the UK: Projectsdeal.co.uk Sets the Gold Standard

August 1, 2025
Aston Martin sells F1 team stake for $146m amid financial struggles

Aston Martin sells F1 team stake for $146m amid financial struggles

August 1, 2025
Trump ends de minimis tariff exemption, hitting UK exporters and global e-commerce

Trump ends de minimis tariff exemption, hitting UK exporters and global e-commerce

August 1, 2025

Recent News

No, Tariffs Are Not Similar to Consumption Taxes Like a VAT

No, Tariffs Are Not Similar to Consumption Taxes Like a VAT

August 1, 2025

2025’s Best Assignment Help Website in the UK: Projectsdeal.co.uk Sets the Gold Standard

August 1, 2025
Aston Martin sells F1 team stake for $146m amid financial struggles

Aston Martin sells F1 team stake for $146m amid financial struggles

August 1, 2025
Trump ends de minimis tariff exemption, hitting UK exporters and global e-commerce

Trump ends de minimis tariff exemption, hitting UK exporters and global e-commerce

August 1, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.