Markets around the world tumbled on April 3 in response to U.S. President Donald Trump’s global reciprocal tariffs.
The STOXX 600, which covers 600 companies across 17 European countries—where the EU faces 20 percent tariffs—fell 1.5 percent by 7:53 a.m. GMT on Thursday. In Britain—which faces tariffs of 10 percent—the FTSE 100 shed 1.2 percent.
Other stock markets which had opened earlier were hit with similar declines, following Trump’s tariff announcement on Wednesday afternoon.
U.S. futures tracking the S&P 500 fell 3.33 percent by 12:08 GMT, Dow futures dropped 2.73 percent, and Nasdaq 100 e-minis plunged 3.83 percent.
Oil prices sunk by almost three percent.
Meanwhile, the dollar weakened to six-month lows against both the yen and Swiss franc and the euro rallied more than 2 percent against the dollar, its best day in more than nine years....
