The biggest winners and losers in Europe as Trump announces sweeping tariffs

Global markets and businesses were thrown into disarray following U.S. President Donald Trump’s tariff policy, with the European Union hit by 20% duties and the U.K. by 10%. Policymakers’ responses and the potential escalation of conflict are now under scrutiny. Analysts predict economic slowdown and trade disruptions, with few winners expected, despite some positive and negative movements in European assets on Thursday.

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