Trump's tariffs: Unpacking the EU's market reaction

S Pisera; Andrea Paltrinieri; S Galletta; F Pichler

doi:10.1016/j.econlet.2025.112380

Trump's tariffs: Unpacking the EU's market reaction

S Pisera
, Andrea Paltrinieri^*
, S Galletta
, F Pichler

^*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in rivista › Articolo

Abstract

This paper explores the effect of 26 February 2025 Trumps' tariffs announcement against Europe. As a mean of event-study analysis, we find that the announcement led to a reduction of firms' abnormal return (AR), raw return and cumulative abnormal return (CAR) listed on the EU STOXX 600, and that its effect changes according to firms' operating industry and size. Our results confirm the EU market dependence from US policies, warning about its vulnerability.

Lingua originale	Inglese
pagine (da-a)	1-5
Numero di pagine	5
Rivista	Economics Letters
Volume	252
Numero di pubblicazione	Giugno
DOI	https://doi.org/10.1016/j.econlet.2025.112380
Stato di pubblicazione	Pubblicato - 2025

All Science Journal Classification (ASJC) codes

Finanza
Economia ed Econometria

Keywords

Abnormal returns
Donald Trump
Equity markets
Event study

Accesso al documento

10.1016/j.econlet.2025.112380

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KW - Equity markets

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Trump's tariffs: Unpacking the EU's market reaction

Abstract

All Science Journal Classification (ASJC) codes

Keywords

Accesso al documento

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