Panic,alarmism can do more damage than tariffs says Meloni

Don't panic, says the Minister of Economy Giancarlo Giorgetti who, however, soon after, combines the effect of the tariffs decided by the US with that caused by the pandemic. It therefore 'causes' Brussels by asking to suspend budgetary constraints in order to intervene to support the economy. If this is not a panic, we are close to it. “We are engaged in a de-escalation with the Trump administration. The message is that we should not press the …

After a black Friday for European stock exchanges due to the tariffs imposed by President Donald Trump, the premier tries to restore some calm among investors who today saw the Milan Stock Exchange close at

Panic,alarmism can do more damage than tariffs says Meloni

Panic and alarmism can do more damage than tariffs, Premier Giorgia Meloni said Friday. "It is too early to evaluate the actual consequences of this new situation on our GDP and our economy," Meloni told cabinet about 20% US tariffs towards the EU. (ANSA)

Paris. The European stock exchanges collapsed this Friday, burdened by panic after China announced that it would respond to the tariffs imposed by the United States, fueling the fear of a total trade war between the world’s two largest economies. CAC 40 in Paris recorded its worst day since March 2022 and yielded 4.26%, Frankfurt and London fell 4.95%. In Madrid, Ibex 35 closed with losses of 5.83 % and Milan fell 6.53%.Trump’s tariffs, harder t…

This Friday, April 4, 2025, will go down in history as a “Black Friday” for the financial markets. European stock exchanges record strong losses following the announcement by US President Donald Trump of imposing generalized tariffs on their main trading partners. Fear of a global trade war has unleashed a massive sale of assets, dragging stock indices, oil and currencies. READ ALSO: The US is the biggest loser after Trump’s global tariffs The I…

China is responding to US tariffs with countermeasures. As of April 10, the Treasury announced that a 34 percent duty will be due on all US goods. The stock exchanges reacted immediately and clearly: the ATX did not fall as strongly on Friday as it has been for two years. Analyst Salah-Eddine Bouhmidi of the broker IG even spoke of a "Black Friday" on the markets: "The announcement of new tariffs by President Trump has shaken market confidence m…