EU recalibrates response to US tariffs after ‘black day’ for markets

This article discusses the impact of Donald Trump’s trade war on European markets, with significant losses seen in Germany, France, and Poland. The EU is planning retaliation measures and seeking negotiations to soften the blow on the economy, with the possibility of ECB rate cuts and fiscal support. Additionally, central Europe is facing border closures due to a foot-and-mouth disease outbreak, prompting countries like Hungary, Slovakia, and Austria to take preventive measures.

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