After Trump again threatened to tax Europe, European stock markets fell sharply
2025-05-23 12:08:20
On May 23rd, European stock markets fell after US President Donald Trump threatened to impose new tariffs on the European Union. The Euro Stoxx 50 index of blue-chip stocks in the euro zone fell 2.7% and the Euro Stoxx 600 index fell 2%. Among the country indices, Italy's FTSE MIB and France's CAC40 index fell the most, both falling 2.8%. Germany's DAX index fell 2.2%, Spain's IBEX35 index fell 2.6% and the Netherlands' AEX index fell 1.8%. Trump said on Truth Social: "Our discussions with them were fruitless! Therefore, I propose a 50% tariff on the European Union from June 1, 2025."
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