Trump's latest tariff measures have affected European stock markets, with the Euro Stoxx 600 index falling by 1%.

date
12/07/2025
After President Donald Trump threatened to impose tariffs of 15% to 20% on most trading partners, the Stoxx 600 index fell 1.0%, seemingly ending a four-day streak of gains. In an interview with NBC, Trump warned that EU member states and Canada could receive their tariff notification letters as soon as today. US stock futures also declined, with S&P 500 and Nasdaq 100 index futures both falling by about 0.5%. The Bloomberg Dollar Index rose by 0.2%. The Japanese yen was the weakest performer among G-10 currencies, falling by 0.5% against the dollar. The pound dropped by 0.3% after UK GDP unexpectedly shrank in May, hitting an intraday low. Spot gold rose by $12 to around $3335 per ounce. Bitcoin rose by over 4%, setting a new high above $118,000. US Treasury bonds fell, with long-term bonds leading the decline as the 10-year bond yield rose by 4 basis points to 4.39%. The borrowing costs for UK and Germany's 10-year bonds rose by 2-3 basis points. Oil prices remained stable, with West Texas Intermediate crude oil approaching $66.60 per barrel.