US Tariff Hit to European Stocks Will Be Brief, Strategists Say
President Donald Trump’s latest tariff threats present only a short-term risk to European stocks as the broader corporate earnings outlook remains robust.
That’s the view of strategists at banks including JPMorgan Chase & Co. and Barclays Plc, who said while the escalation in trade tensions could spur profit-taking in regional stocks, they don’t expect a bigger selloff amid forecasts for resilient global economic growth and lower US interest rates.