From Yahoo Finance: 2025-04-09 16:03:00

European governments and companies may sideline American investment banks due to U.S. tariff war. Wall Street bosses brace for client boycotts and restrictions. EU may utilize Anti-Coercion Instrument to limit U.S. banks’ access. French President Macron calls for European companies to suspend U.S. investments. JPMorgan CEO reports loss of bond deals already.

EU countries approve countermeasures against the U.S., potentially sparking a global recession. EU Trade Commissioner ready to consider all retaliatory options. ECB officials ensure euro zone stability. Disentangling U.S. banks from European system could be complex. U.S. banks heavily invested in Europe post-Brexit, dominating securities trading.

U.S. banks face possible restrictions in Europe amid trade tensions. Recent dealmaking highlights U.S. banks’ influence but EU advisers see shift towards local banks. Fear of U.S. finance weaponization shared by European allies. Concerns rise over potential U.S. dollar funding cuts to European financial system. Europe questions reliance on U.S. Federal Reserve for dollar funding.

Restrictions on U.S. financial services could harm Europe. Europe would struggle to fill gap left by limiting U.S. banks. Damage likely from U.S. tariff increases. Nationalizing world may lead to favoring national champions. Emotional anti-Americanism may give way to rational economic interests.

Read more: Wall Street bosses fear anti-American backlash as Trump’s trade war intensifies