{"id":205,"date":"2025-07-14T14:42:33","date_gmt":"2025-07-14T14:42:33","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=205"},"modified":"2025-07-14T14:42:33","modified_gmt":"2025-07-14T14:42:33","slug":"european-stocks-slip-after-donald-trumps-tariff-threat","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=205","title":{"rendered":"European stocks slip after Donald Trump\u2019s tariff threat"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Unlock the White House Watch newsletter for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\">Your guide to what Trump\u2019s second term means for Washington, business and the world<\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=7811a2f7-17e3-4289-b56d-82f91fc30f65&amp;newsletter-id=65b8fec772badb00166eafc6\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>European stocks slipped on Monday in response to US President Donald Trump\u2019s threat of 30 per cent tariffs on the EU, the latest escalation of his trade war.<\/p>\n<p>Germany\u2019s Dax index was down 0.9 per cent by early afternoon, while France\u2019s Cac 40 fell 0.5 per cent. The broad Stoxx Europe 600, which includes non-EU markets such as the UK, was down 0.4 per cent.<\/p>\n<p>The moves came after Trump announced the planned levies on Saturday, pushing the bloc to delay its planned retaliatory tariffs on the US in the hope of coming to an agreement with Washington before the August 1 deadline. <\/p>\n<p>Trump\u2019s announcement marked the latest in a series of trade threats from the US administration over the past week. <\/p>\n<p>The new 30 per cent tariff proposal is significantly higher than the 20 per cent level announced on \u201cliberation day\u201d in April. But market reaction has been limited, with some investors saying they expect him to step back from his steepest threats before August 1. <\/p>\n<p>\u201cAfter a period of relief that tariffs would be manageable amidst a lot of empty threats, some concerns are building that the market performance itself may encourage Trump to push further,\u201d said Guy Miller, chief market strategist at Zurich. <\/p>\n<p>\u201cI think that is legitimate, with a high risk of disruption over the summer, albeit more modest and contained than April.\u201d <\/p>\n<p>A Stoxx 600 sub-index tracking carmakers and other auto companies fell 1.1 per cent. Mercedes-Benz and BMW dropped 1.7 per cent and 2.2 per cent respectively.<\/p>\n<p>Luxury companies that sell into the US also suffered. Hermes shares dropped 1.9 per cent and Kering fell 1.5 per cent. Pandora dropped 2.7 per cent. <\/p>\n<div class=\"n-content-layout\" data-component=\"flourish\" data-component-id=\"24226097\" data-component-type=\"flourish-in-article\">\n<figure class=\"n-content-picture n-content-layout__container\"><picture data-asset-type=\"flourish\" data-flourish-id=\"24226097\" data-flourish-type=\"visualisation\">\n<div id=\"24226097\" class=\"cp-message o-message o-message--inform o-message--notice\" data-o-component=\"o-message\">\n<div class=\"o-message__container\">\n<div class=\"o-message__content\">\n<p class=\"o-message__content-main\">Some content could not load. Check your internet connection or browser settings.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fpublic.flourish.studio%2Fvisualisation%2F24226097%2Fthumbnail%3FcacheBuster%3D973612?source=cp-content-pipeline&amp;fit=scale-down&amp;quality=highest&amp;width=1020&amp;dpr=1\" alt=\"\"\/><\/picture><\/figure>\n<\/div>\n<p>The euro slipped 0.1 per cent lower against the dollar. <\/p>\n<p>US stocks also fell when the market opened on Monday, but the declines were more muted. <\/p>\n<p>Wall Street\u2019s blue-chip S&amp;P 500 slipped 0.1 per cent at the opening bell, and the Nasdaq 100 opened flat.<\/p>\n<p>Peter Schaffrik, chief European macro strategist at RBC Capital Markets, said that the relatively muted market reaction was partly a bet that the 30 per cent threat is a negotiation tactic by Trump. <\/p>\n<p>However, he added: \u201cPersonally I\u2019m a little bit more worried. We\u2019ve been here before. If there\u2019s no negotiated settlement, I can\u2019t see how the EU just takes it lying down \u2014 so they probably will retaliate.\u201d <\/p>\n<p>Analysts say a much larger sell-off is likely if the 30 per cent tariffs \u2014 which Trump also threatened against Mexico on Saturday \u2014 do come into force.<\/p>\n<p>Barclays wrote that \u201cif the US were indeed to increase tariffs on EU goods to 30 per cent, the risk of retaliation and a deeper recession would likely send equities down double digits\u201d. <\/p>\n<p>The Barclays note added that \u201cwe are sceptical tariffs will settle at the high levels threatened by Trump\u201d. Goldman Sachs analysts also said that \u201cscepticism over the odds and durability of potential implementation\u201d is \u201cwell-founded\u201d. <\/p>\n<\/div>\n<p>#European #stocks #slip #Donald #Trumps #tariff #threat<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the White House Watch newsletter for free Your guide to what Trump\u2019s second term means for Washington, business and the world European stocks slipped on Monday in response to US President Donald Trump\u2019s threat of 30 per cent tariffs on the EU, the latest escalation of his trade war. Germany\u2019s Dax index was down [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[109,279,281,280,121,193,192],"class_list":{"0":"post-205","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-donald","9":"tag-european","10":"tag-slip","11":"tag-stocks","12":"tag-tariff","13":"tag-threat","14":"tag-trumps"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=205"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/206"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}