Brief by Shorts91 Newsdesk / 07:08am on 08 Apr 2025,Tuesday International
Top executives from Bank of America, Barclays, HSBC, Citi, and JP Morgan held emergency talks after Donald Trump's new tariffs caused sharp global market declines. The call, organized by the Bank Policy Institute, aimed to address escalating financial volatility. UK’s FTSE 100 fell 5%, Germany’s DAX dropped 6.5%, and France’s CAC 40 lost 5.3%. Asian stocks also plunged. Trump defended his policies, saying, “Sometimes you have to take medicine to fix something.” UK PM Sir Keir Starmer urged “cool heads” and called for trade unity, as the UK auto sector faces a 25% US tariff under Trump’s new rules. (PC: Daily Mail)
