European stocks may face selling pressure due to trade war fears, impacting global markets.

From Nasdaq: 2025-03-04 00:33:09

European stocks may face selling pressure after Trump pauses military aid for Ukraine and confirms tariffs on Mexico, Canada, and China, sparking fears of inflation and recession. Canada imposes 25 percent tax on American goods, while Beijing threatens countermeasures. Asian markets lower on trade war fears. Trump warns Japan and China on currency devaluation. Canadian dollar and Mexican peso near one-month lows, gold prices steady, oil prices fall. US stocks tumble, dollar rises, bond yields drop. Trump plans reciprocal tariffs, flags new tariffs on farm products. Economic data shows slowdown fears. European markets hit record high on defense stock boost. STOXX 600 gains 1.1 percent.



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