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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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EU's Balancing Act: Negotiations vs. Tariffs in Trade Dispute with US

The European Union (EU) has taken a significant step in addressing trade tensions with the United States. While emphasizing its preference for negotiations, the EU has proposed its first retaliatory tariffs on U.S. imports. This move comes in response to the U.S. imposing steep tariffs on steel, aluminum, and other goods, which the EU views as unjustified and damaging.

EU Trade Commissioner Maros Sefcovic has expressed hope for a "zero-for-zero" tariff agreement, aiming to eliminate tariffs on industrial goods. However, the EU is prepared to implement countermeasures if negotiations fail to yield results. The bloc plans to impose targeted tariffs on U.S. imports, with some taking effect as early as April 15.

Despite the EU's readiness to retaliate, many member states have urged caution, highlighting the potential economic impact of escalating trade disputes. The EU's Anti-Coercion Instrument, which could target U.S. services or limit American companies' access to EU public procurement, remains a contentious option.

This delicate balancing act reflects the EU's commitment to protecting its single market while seeking a diplomatic resolution to the trade conflict.

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