00:00It's Benzinga bringing Wall Street to Main Street
00:02Bank chiefs urged calm on Tuesday after global stocks fell following Trump's threats of
00:07new tariffs, according to CNBC.
00:09The pan-European stock's 600 dropped about 1.2 percent in morning trade after Trump
00:14floated a potential 200 percent levy on French wine and champagne.
00:18U.S. stock futures declined, with the Dow Jones Industrial Average down nearly 1.5 percent,
00:24the S&P 500 down 1.6 percent, and the Nasdaq nearly 2 percent lower, while Asian markets
00:30also closed lower.
00:32European bank CEOs said tariff rhetoric is fueling volatility and raising concerns about indirect
00:37effects on trade, investment, and economic stability.
00:41Markets were already under pressure after Trump outlined plans to impose 10 percent tariffs
00:45on European countries starting February 1, rising to 25 percent from June 1, if they
00:51continue to oppose his bid to annex Greenland.
00:53For all things money, visit Benzinga.com.
