Wall Street eyes bear market territory as Trump’s tariffs triggered a global selloff. The S&P 500 is projected to drop over 20% from February highs, fuelling recession fears among experts.
Category: 3. Europe
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Wall Street sinks into bear market as Trump tariffs spark global rout
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China accuses US of ‘economic bullying’ as tariff dispute escalates
China has accused the United States of economic bullying, protectionism and unilateralism, following Washington’s imposition of tariffs on Chinese imports.
Beijing also urged American firms, including Tesla, to “take concrete actions” to help resolve the dispute.
Foreign Ministry…
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EU industry chief hopes bourbon will be spared in response to Trump tariffs – POLITICO
Trump then threatened to hit European alcohol products with a massive 200 percent tariff. Such a measure could decimate the industry and would disproportionally hurt France, one of Europe’s largest alcohol exporters.
The French government has been for weeks urging the European Commission…
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As Putin looms, top German lawmaker warns schoolkids must train for ‘disaster situations’ – POLITICO
Students in German schools should undergo crisis training, senior conservative lawmaker Roderich Kiesewetter said Monday, as the specter of war haunts Europe.
“It is absolutely necessary to practice emergency scenarios, as students are particularly vulnerable and…
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5 pro tips for Donald Trump from Liz Truss* amid market bloodbath – POLITICO
2) Keep your team around you when it gets tough
Look, just don’t do what I did here.
After unveiling a debt-funded, tax-cutting mini-budget combined with huge government energy subsidies which hadn’t been scrutinized by the U.K.’s official public spending watchdog, the tofu-eating…
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Week ahead: Investors brace for a major trade war as China retaliates
Global markets remain volatile following last week’s brutal tariff-led sell-offs. China’s retaliation marked a major escalation of a global trade war after the country imposed 34% tariffs on all imports from the United States last Friday. Investors fear that mounting trade…
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Wall Street titans push back on Trump’s trade war
Wall Street’s rule of thumb for President Donald Trump had been that he would curb his aggressive trade policies if markets tanked or the economy began to falter. No more.
With U.S. financial markets poised for another potential selloff and Trump remaining defiant about his sweeping…
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French far right floats toppling government in wake of Le Pen verdict – POLITICO
The timing of their messaging, however, is unlikely a coincidence. Le Pen last week was found guilty of misappropriating European Parliament funds and hit with an immediate five-year ban on running for public office, which will knock her out of the 2027 presidential election unless an appeals…
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UK house prices drop in March linked to change in stamp duty rules
The average property price fell by an average of £1,575 (€1,843) month-on-month, although the total recorded a 2.8% annual rise.
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Boris Johnson criticises plans to show hit Netflix show ‘Adolescence’ in secondary schools
With all the insanity of current events, one figure who had been blissfully absent from headlines was former UK Prime Minister Boris Johnson.
“Had been”… because Johnson has decided to pop up once more and deliver a statement that has been described online as “pitifully…
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