The German DAX index dropped 2.74% following Trump's tariff threat.
In the crypto space, CoinMarketCap data show that the market declined by 2.4%, with Bitcoin currently down by nearly 2%.
Source: Shutterstock
The simmering trade conflict between the United States
and the European Union escalated sharply when President Donald Trump announced
plans to impose a 50% tariff on all EU goods entering the U.S. starting June 1,
alongside a potential 25% tariff on iPhones not made domestically.
The announcement came just hours before scheduled
trade negotiations, casting a shadow over talks and rattling markets on both
sides of the Atlantic.
Trump’s move marks a significant escalation from his
earlier announcement of a 20% tariff on EU products, which he temporarily
halved to 10% until early July to allow negotiations, the BBC reported.
An Unfolding Trade Standoff
The European Union, one of the United States’ largest
trading partners, has yet to issue a formal response to the tariff threat.
Analysts emphasize that, at this stage, the move remains a warning rather than
a formal policy change.
Still, the EU has signaled its resolve to stand firm
and maintain its course in the talks, with officials emphasizing a preference
for de-escalation while preparing to respond if necessary.
Global markets reacted swiftly to the renewed tariff
threat. U.S. stocks fell, with the S&P 500 declining about 1%, while major
European indexes such as Germany’s DAX and France’s CAC 40 dropped more than
1.5%.
Source: Google Finance
Apple shares, which had recently been exempted from
earlier tariff plans, opened over 2% lower amid the threat of a new 25% import
tax on iPhones made outside the U.S.
Since returning to the office, Trump has used tariffs to bolster U.S. manufacturing and protect domestic jobs. However, these
measures have repeatedly raised concerns worldwide about the potential to
increase costs and disrupt global supply chains.
Trade Deficit and Non-Monetary Barriers
Trump’s grievances focus heavily on what he sees as
unfair trade practices by the EU, particularly the persistent U.S. trade
deficit with the bloc.
Last year, the U.S. recorded a trade deficit of around
$236 billion with the EU, the BBC reported. EU officials have warned that they are prepared to retaliate if the talks collapse.
Earlier this month, the European Commission reportedly
unveiled plans for nearly $108 billion in counter-tariffs on a wide range of
American industrial and agricultural products.
President Trump has also singled out Apple as a
company he wants to see manufacturing more products within the U.S. Despite
meetings with CEO Tim Cook and recent shifts in production away from China,
Apple’s decision to move much of its assembly to countries like India and Vietnam
rather than the U.S. has drawn criticism.
Trump warned that a 25% tariff on iPhones made
overseas could come into effect if this trend continues.
The simmering trade conflict between the United States
and the European Union escalated sharply when President Donald Trump announced
plans to impose a 50% tariff on all EU goods entering the U.S. starting June 1,
alongside a potential 25% tariff on iPhones not made domestically.
The announcement came just hours before scheduled
trade negotiations, casting a shadow over talks and rattling markets on both
sides of the Atlantic.
Trump’s move marks a significant escalation from his
earlier announcement of a 20% tariff on EU products, which he temporarily
halved to 10% until early July to allow negotiations, the BBC reported.
An Unfolding Trade Standoff
The European Union, one of the United States’ largest
trading partners, has yet to issue a formal response to the tariff threat.
Analysts emphasize that, at this stage, the move remains a warning rather than
a formal policy change.
Still, the EU has signaled its resolve to stand firm
and maintain its course in the talks, with officials emphasizing a preference
for de-escalation while preparing to respond if necessary.
Global markets reacted swiftly to the renewed tariff
threat. U.S. stocks fell, with the S&P 500 declining about 1%, while major
European indexes such as Germany’s DAX and France’s CAC 40 dropped more than
1.5%.
Source: Google Finance
Apple shares, which had recently been exempted from
earlier tariff plans, opened over 2% lower amid the threat of a new 25% import
tax on iPhones made outside the U.S.
Since returning to the office, Trump has used tariffs to bolster U.S. manufacturing and protect domestic jobs. However, these
measures have repeatedly raised concerns worldwide about the potential to
increase costs and disrupt global supply chains.
Trade Deficit and Non-Monetary Barriers
Trump’s grievances focus heavily on what he sees as
unfair trade practices by the EU, particularly the persistent U.S. trade
deficit with the bloc.
Last year, the U.S. recorded a trade deficit of around
$236 billion with the EU, the BBC reported. EU officials have warned that they are prepared to retaliate if the talks collapse.
Earlier this month, the European Commission reportedly
unveiled plans for nearly $108 billion in counter-tariffs on a wide range of
American industrial and agricultural products.
President Trump has also singled out Apple as a
company he wants to see manufacturing more products within the U.S. Despite
meetings with CEO Tim Cook and recent shifts in production away from China,
Apple’s decision to move much of its assembly to countries like India and Vietnam
rather than the U.S. has drawn criticism.
Trump warned that a 25% tariff on iPhones made
overseas could come into effect if this trend continues.
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
