16:08 7 April 2025
Tusk: we must survive the stock exchange earthquake without making rash decisions
A wave of global stock market declines followed the introduction of sweeping U.S. tariffs. Japanese, Chinese, and other Asian markets fell sharply, with Hong Kong dropping over 13%. European indexes, including Germany's DAX and France's CAC40, also saw significant losses. Poland’s WIG20 fell by over 3.5%. Prime Minister Donald Tusk urged calm, noting that Poland’s political and economic stability would help it weather the storm.
The selloff was triggered by new 10% U.S. tariffs on nearly all imports, excluding some key goods like energy, copper, and cars. More tariffs, targeting 57 trade-surplus countries like China, the EU, and Japan, will follow on April 9, with rates up to 46%, intensifying the global trade war.
(pb.pl)
