European stock markets fall as Trump renews tariff threats; trade war would be a ‘wrecking ball’ for UK manufacturing, union says | Business
Introduction: Stock markets fall as Trump renews tariff threats
It looks like it will be a rocky start to the week for investors after Donald Trump threatened eight European countries with new tariffs until they support his ambition to acquire Greenland.
The US president is planning to impose new trade levies of 10% on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland from 1 February, rising to 25% on 1 June.
Investors in Europe are spooked: futures for the continent’s European Stoxx 50 index are down 1.51%. Futures for the UK’s FTSE 100 blue chip index are down 0.48%, while the French Cac 40 is posed to fall 2.1% and the German Dax pointing to a 1.35% drop at the open.
In Asia, the picture has…
