Donald Trump's push to reshape global trade is driving investors to Europe

US equity-index futures slumped after Nvidia Corp. said the government was setting new limits on its exports to China and President Donald Trump ordered a probe into potential tariffs on critical minerals.

Oil steadied after a modest decline on Tuesday as expectations for a glut, and the trade war between the world’s two biggest economies weighed on the demand outlook.

China’s economy expanded at a faster pace than expected in the first three months of 2025, though its outlook is deteriorating rapidly due to Donald Trump’s massive tariffs.

President Donald Trump’s administration pressed forward with plans to impose tariffs on semiconductor and pharmaceutical imports by initiating trade probes led by the Commerce Department.

Die Zollpläne von US-Präsident Donald Trump sorgen für Turbulenzen an den Finanzmärkten – und das wirkt sich auch auf Investments in den USA aus. Große Pensionsfonds ziehen Geld aus den USA ab oder bewerten ihre Engagements neu, US-Staatsanleihen stehen zunehmend unter Druck.

House prices in London will suffer more than any other part of the UK from US President Donald Trump’s trade war, real estate agents warned, as a global demand slowdown risks hitting the city’s already struggling market.

Over the last four years, Dubai property prices have surged 70% and outperformed other major cities. That relentless boom now faces its biggest threat since the pandemic as US President Donald Trump’s tariffs roil markets.

The European Union plans to outline steps to phase out Russian fossil fuels in early May, seeking to reconcile its political objective of reducing import dependence on Moscow with the need to lower energy costs for industry.

President Donald Trump’s tariff exclusions for smartphones and other tech products have added to a growing set of confusing signals for companies and trading partners digesting how to engage a White House still promising to negotiate dozens of new deals in America’s favor.

The euro’s fastest rally in a decade and a half is gaining traction, with traders betting on a move to $1.20 and strategists scrambling to update their forecasts.

The Swiss National Bank will avoid cutting its interest rate below zero this year in its struggle to contain the strength of the franc, according to economists.

Federal Reserve Governor Christopher Waller laid out two scenarios for how President Donald Trump’s trade policy could affect the US economy, but said the inflationary impact of either would likely be temporary.

China’s government said the US decision to exempt certain consumer electronics from its so-called reciprocal tariffs is a small step toward rectifying its wrongdoings and urged Washington to do more to revoke the levies.

Euro-area inflation will turn out slower than previously forecast because of higher US tariffs, according to a Bloomberg survey that supports the case for the European Central Bank to cut interest rates this week.

Spanish Prime Minister Pedro Sanchez said his country will work to build “solid and balanced” relations between China and the European Union, as their ties come under strain from an intensifying trade war started by Donald Trump.

The selloff in Treasuries intensified as investors continued to pull back from US assets, sending longer-dated yields toward the biggest weekly surge since the 1980s.

Officials from the US and Iran are set to meet Saturday in Oman for the highest-level talks on the Islamic Republic’s advancing nuclear program since 2022, a sign of Tehran’s eagerness for sanctions relief and to avoid the crippling military attack that President Donald Trump has threatened.

Top European Union officials are making plans to visit China for a meeting with President Xi Jinping , the South China Morning Post reports — a sign Brussels may be keen to develop better ties with Beijing amid the Trump administration’s tariff onslaught.

Gold rose to a fresh record above $3,200 an ounce as concerns about the impact of tariffs on the global economy pushed investors to the safe haven.

China will raise tariffs on all US goods from 84% to 125% with effect from April 12, according to the Finance Ministry.

Deutschland steuert auf eine Regierung von CDU/CSU und SPD zu. Nach der Einigung am Mittwoch sind Fachleute und Medien nach Durchsicht des 144-seitigen Koalitionsprogramms aber skeptisch, dass es für eine „Wende“ mit konservativer Handschrift reicht. So sah die „Süddeutsche Zeitung“ („SZ“) am Donnerstag denn auch „weniger ein Bündnis für Fortschritt als eines, das bewahren will“.

Mari Shor was deep into a firm-wide presentation on what President Donald Trump’s tariffs meant for the dozens of consumer companies she analyzes at Columbia Threadneedle when someone interrupted her. Mari, the tariffs are paused, the colleague said, the stocks you cover are soaring.

Stocks and bonds resumed a selloff and the dollar extended losses after its biggest plunge in three years as a worsening global trade war eroded an already fragile appetite for risk.

The spectacular stock market rebound came with a lack of any real conviction as a look beneath the surface reveals aggressive short covering and very low liquidity despite massive trading volumes.

US President Donald Trump may have announced a delay in some of his tariff plans, but the first signs of an economically-damaging slowdown in global trade are already emerging as companies around the world hit their own pause button on orders and he continues to escalate his trade war with China.

The European Union will delay for 90 days the implementation of its counter tariffs against the US over the 25% duties President Donald Trump imposed on the bloc’s steel and aluminum exports last month.