The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)
European stock markets, especially that of Paris, reacted clearly on Monday to information from the Washington Post according to which Donald Trump is considering a more limited increase in customs tariffs than expected, which the American president-elect vigorously denied.
In Paris, after jumping by more than 2.2%, the CAC 40 rose by 1.44% around 2:50 p.m. GMT, driven in particular by the automobile group Stellantis (+4.25%), the luxury giants (Kering +3 .67%, LVMH +3.40%) and tech (STMicroelectronics +7.01%). The Dax in Frankfurt gained 0.91% and the FTSE Mib in Milan 1.32%, while the FTSE 100 in London remained timid (-0.09%).
At the same time, the dollar fell sharply against the euro and the pound.
According to the American newspaper, the Republican president-elect’s teams are considering increases in customs tariffs for all countries but limited to certain sectors, a softening compared to Mr. Trump’s declarations during the campaign.
Based on three sources close to the matter, the Washington Post argues that increases in import customs duties would only be applied to certain sensitive sectors, for example linked to national security.
The information, published around 11:00 GMT, launched a marked rise in the stock markets of Paris, Frankfurt and Milan, which were already moving in the green but more timidly.
But Mr. Trump, who is due to be inaugurated president on January 20, vigorously denied the Washington Post article, which he described as “fake news.”
The article “cites supposedly anonymous sources, which do not exist” and “falsely asserts that my policy of increasing customs duties will be reduced,” the president-elect wrote on his Truth Social network. “It’s false. The Washington Post knows it’s false,” he added.
Euronext
CAC40
