European Markets Hit by Trump Tariff Uncertainty: Indices Fall Except Italy

Trade War Pressure on Markets European stock markets concluded the first trading day of the week with losses, driven by new US customs tariff decisions and uncertainties regarding trade policies.
Closing Figures According to closing data, Germany's DAX 40 index decreased by 1.09 percent to 24,986.58 points.
In France, the CAC 40 index fell by 0.22 percent to 8,497.17 points, while the UK's FTSE 100 index edged down by 0.02 percent to 10,684.74 points.
Conversely, Italy's FTSE MIB 30 index gained 0.49 percent, rising to 46,699.29 points.
US Supreme Court Ruling and Tariff Uncertainty The selling pressure in the markets was influenced by a significant ruling from the US Supreme Court.
The court ruled that the International Emergency Economic Powers Act (IEEPA), which President Donald Trump cited as the basis for customs duties, does not grant the president direct authority to impose tariffs.
Following this decision, the new 15 percent customs tariffs announced by Trump have escalated uncertainty in the global trade environment.
Retaliation from the EU In response, the European Parliament announced that it has suspended work on trade agreements and planned votes involving the United States.
Economists at ING Think noted that the risks of a trade war are higher than last year, warning that the hardening stance of European leaders could further increase tensions.