International Economic

Trump sends markets plunging with 50% tariff threat on EU

By Frank Prenesti

Date: Friday 23 May 2025

(Sharecast News) - Stockmarkets slumped on Friday after US President Donald Trump said he wanted a 50% tariff on the European Union from June 1and complained that the 27-nation bloc had been "very difficult" to deal with.
The pan-regional Stoxx 600 index was down more than 2% to 538, erasing morning...

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