From Morningstar: 2025-04-04 08:09:00

European stocks and US stock futures plummeted after China imposed a 34% tariff on all US goods, threatening hopes of a negotiated resolution. Morningstar Europe Index fell over 4%, banks and cyclical industries hit hardest. Societe Generale and Banco de Sabadell led with 12% declines, while Deutsche Bank, UniCredit, and Barclays fell around 10%.

S&P 500 futures dropped more than 3%, pre-market trading saw US mega-caps like Intel, Nvidia, Apple, and Tesla down significantly. China’s tariffs could devastate US crops and seeds exports, pressuring the US to negotiate. Europe faces positives and negatives, with potential retaliatory measures and inflamed global trade war.

Trump’s sweeping tariffs announcement caused mixed global market reactions. China’s steep retaliation sets the stage for a trade war that could stifle growth and drive inflation. Analysts predict further escalation and negative impacts on companies. Morningstar does not own shares in mentioned securities.



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