European stocks tumble, bonds rally after Trump proposes 50% EU tariff
LONDON (Reuters) -European stocks tumbled, the euro gave back some gains, and euro zone government bond yields fell sharply on Friday after U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1. Trump's remarks in a series of social media posts, which also targeted Apple, halted investors' expectations that the bulk of tariffs he announced in early April would be negotiated away, a view that had supported stock market gains in the past few weeks.
Reuters
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1 hour ago
