Trump’s new round of tariffs has reignited investor fears about the consequences of a global trade war, sending European stock markets tumbling. Although the initial strong losses were gradually narrowed.

Thus, the pan-European Stoxx 600 was down 0.44% to 546 points with most of its sectors moving lower.

In the region’s major markets, the DAX slipped 0.70% to 22,678 points, the CAC 40 lost 0.51% to 7,990 points, and the FTSE 100 in London fell 0.27% to 8,666 points.

In the periphery, the FTSE MIB in Milan managed to close in positive territory with a 0.10% rise to 39,098 points, and the IBEX 35 in Madrid settled at 13,422 points, down 0.07%.