Declines on European stock markets and the US futures market deepened following statements from the US Trade Representative. Tariffs could be levied on exports worth €3.1 billion and will impact exports from France, Germany, Spain and the United Kingdom. Among products considered one can find olives, beer, gin or trucks. DE30 dropped below 12,200 pts on the news but has been slowly recovering since.
DE30 dropped towards the 12,200 pts mark after the US Trade Representative hinted on new tariffs (orange circle). Source: xStation5
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