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Global economy will ‘massively suffer’ from Donald Trump tariffs, Ursula von der Leyen warns – Europe live

European Commission president hopes to move from confrontation to negotiation after Trump attack on ‘pathetic’ EU

European stock markets are now open and they’re reacting exactly as you would expect them to.

The pan-European Stoxx 600 index has fallen 1.5% at the start of trading, to its lowest level in over two months.

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