European Stocks Expected to Open Sharply Lower After Trump's Sweeping Tariffs -- Market Talk

Dow Jones04-03

0638 GMT - European stocks are expected to open sharply lower after President Trump announced sweeping tariffs that were greater than market commentators had expected. IG calls the Stoxx Europe 600 index down 1.9%; Germany's DAX index down 1.7%; France's CAC 40 down 1.5%; and the U.K.'s FTSE 100 down 1.2%. The U.S. will impose 10% across-the-board tariffs on all imports and even higher rates for some nations, including 20% for Europe. "Markets have seen a strong risk-off reaction to the tariff announcement," Deutsche Bank's Jim Reid says in a note. "Trump's comments did leave the door open for potential negotiations to lower tariffs but his executive order also left room for further escalation," he says. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

April 03, 2025 02:39 ET (06:39 GMT)

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