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SSEEII-S.FTSE Gbl Conv.Bd U.E.R

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China imposes tariffs on US imports triggering sell-off in European markets

European markets experienced a significant sell-off on April 4, 2025, following China's announcement of 34% retaliatory tariffs on US imports, raising fears of a global trade war. Major UK banks and global mining companies saw sharp declines, with Barclays, NatWest, and Lloyds down over 7%. The oil price also plummeted to its lowest since August 2021, prompting Goldman Sachs to lower its forecasts for crude prices amid escalating tariff tensions. Defensive stocks like SSE and British American Tobacco managed to rise amidst the turmoil.
@SHARESmag
Chinese Yuan United States Dollar British Pound Sterling Diageo plc Barclays PLC SSEEII-S.FTSE Gbl Conv.Bd U.E.R Glencore plc Lloyds Banking Group plc British American Tobacco p.l.c. Rolls-Royce Holdings plc Antofagasta plc NatWest Group plc CHN USA Sabuhi Gard Tom Siebert Russ Mould Show more
Finance & Economy, Market Report
14:17 04.04.2025
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