Mon Jul 14 09:28:56 UTC 2025: **Summary:**

European stock markets experienced significant losses on Monday following President Trump’s announcement of potential 30% tariffs on EU goods, set to take effect on August 1st. Major indices like the DAX, CAC 40, FTSE MIB, and IBEX 35 all saw declines, while the FTSE 100 in the UK showed slight gains. Asian markets were mixed, and US futures also dipped. The market jitters stem from the impending deadline and the lack of comprehensive trade deals with the US beyond those reached with the UK, China, and Vietnam. The EU is considering retaliatory tariffs and is seeking further negotiations.

**News Article:**

**European Markets Plunge as Trump’s Tariff Threat Looms; EU Considers Response**

**Brussels, Belgium** – European stock markets took a hit on Monday as investors reacted to President Donald Trump’s latest threat of imposing 30% tariffs on European Union goods, effective August 1st. The news sent major European indices spiraling downward, with Germany’s DAX dropping nearly 0.9% and France’s CAC 40, Italy’s FTSE MIB, and Spain’s IBEX 35 all experiencing declines between 0.7% and 0.8%. The pan-European STOXX 600 index also dipped approximately 0.5%.

The United Kingdom’s FTSE 100 was the exception, showing a modest rise of about 0.2%. In Asia, market performance was mixed, with Japan’s Nikkei 225 falling slightly and Hong Kong’s Hang Seng edging up. US futures also saw pre-market losses, signaling potential volatility when US markets open.

The market unease is fueled by President Trump’s August 1st deadline for trading partners to reach trade agreements or face substantial tariffs. Despite ongoing negotiations, the Trump administration has only secured deals with the UK, China, and Vietnam thus far.

EU ministers are slated to meet today to discuss their response to the proposed tariffs. The EU, the US’s largest trading partner, has threatened to retaliate with tariffs on US goods worth approximately 100 billion euros ($117 billion) if a mutually agreeable resolution cannot be reached.

European Commission President Ursula von der Leyen announced on Sunday that the bloc would delay implementing retaliatory tariffs until August, providing more time for negotiations with the Trump administration. “We have always been very clear that we prefer a negotiated solution,” von der Leyen stated.

The standoff highlights the growing tension in global trade relations and the potential impact on both the European and US economies. All eyes are now on Brussels and Washington as both sides attempt to avert a full-blown trade war.

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