European and Asian Markets Continue to Drop After US Tariffs

Trump told reporters on April 6: ‘I don’t want anything to go down. But sometimes you have to take medicine to fix something.’

Employees in the trading room of Nordea Markets follow the turmoil and sharp stock market declines following the tariffs that are affecting markets worldwide, in Oslo, Norway, on April 7, 2025. OLE BERG-RUSTEN/NTB/AFP via Getty Images

Early trading markets in Europe dropped, following stock slumps in Asia on April 7, after U.S. President Donald Trump signaled that he would not back down on his tough tariff policies.

The pan-European STOXX 600, which tracks 600 companies across 17 European countries, slumped by 5.8 percent at 7.22 a.m. GMT, down for the fourth straight session. In London, the FTSE 100 index of blue-chip stocks shed 4.5 percent. Germany’s main stock market index, DAX, fell by 6.1 percent and was among the worst-hit markets in the euro area, while the French stock market index CAC 40 shed 5.7 percent.