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Published April 2, 2025last updated April 2, 2025On what he has dubbed “Liberation Day,” US President Donald Trump is set to impose sweeping new reciprocal tariffs on many countries, the details of which are still unknown. DW has more.
https://p.dw.com/p/4sZuW
For weeks now, Donald Trump has been trumpeting the imposition of reciprocal tariffs on a global scale (FILE: March 7, 2025) Image: Leah Millis/REUTERSSkip next section What you need to knowWhat you need to know US President Donald Trump is set to impose sweeping new reciprocal tariffs The European Union has warned that it has a “strong plan” to retaliate against the US trade measures
European stocks fall as investors get nervous ahead of possible global trade war
Here is a roundup of events related to the reciprocal tariffs set to be announced by US President Donald Trump on Tuesday, April 2.
Skip next section European stocks fall as investors get nervous before US tariffsApril 2, 2025
European stocks fall as investors get nervous before US tariffsEuropean markets were lower on Wednesday as investors were nervous ahead of tit-for-tat tariffs from the United States, which are feared to usher in an era of slow global growth and higher inflation.
The pan-European STOXX 600 index was down 0.5% as of 0712 GMT.
A lack of clarity over the size and scope of the tariffs and the response from other countries has rattled sentiment, pushing the STOXX 600 to more than two-month lows this week and about 4.6% below its all-time high in March.
Eurozone bond yields, however, were little changed.
German 10-year bond yield, the benchmark for the eurozone bloc, was unchanged at 2.685, having dropped for five straight sessions. Italy’s 10-year yield was also steady at 3.796%, and French 10-year bond yields held at 3.404%.
Meanwhile, Asian stocks were mixed on Wednesday, with benchmarks little changed.
Japan’s Nikkei 225 was up 0.3% at 35,725.87. Hong Kong’s Hang Seng was down 0.1% at 23,176.47, while the Shanghai Composite was down less than 0.1% at 3,346.66. Australia’s S&P/ASX 200 was up 0.1% at 7,934.50. South Korea’s Kospi fell 0.7% to 2,504.86.
New Trump tariffs cause nervousness in the US and abroadTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
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Skip next section Major world economies vow retaliation against US tariffsApril 2, 2025
Major world economies vow retaliation against US tariffsIn anticipation of the announcement of new US reciprocal tariffs, the world’s major economies have vowed to retaliate.
The European Union has a “strong plan” to retaliate against tariffs imposed, and set to be imposed, by US President Donald Trump, but it would prefer to negotiate a solution, EU Commissin President Ursula von der Leyen said on Tuesday.
“We are going to be very deliberate in terms of the measures we take, to fight for Canada,” Canadian Prime Minister Mark Carney said on Tuesday.
Australian Prime Minister Anthony Albanese and his rival in May’s election, Liberal Party leader Peter Dutton, said they would stand up for the country’s national interests in the face of looming US tariffs.
Meanwhile, other top exporters are trying to build alliances to counter the US, with China, Japan and South Korea accelerating talks on a free trade agreement.
And Vietnam, in an effort to appease Trump, said it would lower tariffs on a number of goods.
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Skip next section Welcome to our coverageUS President Donald Trump was poised to impose sweeping new reciprocal tariffs on Wednesday, a day he has dubbed “Liberation Day.”
An announcement ceremony in the White House Rose Garden is scheduled for 4 pm local time (2000 GMT).
We will be following the events surrounding the announcement, as well as how markets and other countries react to the new US tariffs.
https://p.dw.com/p/4sa0I
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