Global Stock Markets Surge as US-EU Finalize Landmark Trade Agreement
Reporting by Joseph Okafor and Rita Uzuh for SpringNewsNG
Washington D.C./Brussels — A new trade agreement between the United States and the European Union has triggered a positive surge across global financial markets. Under the deal, tariffs on most EU exports to the U.S. will be capped at 15%, averting an earlier threat of 30–35% tariffs from the U.S.
The news sent U.S. and European stock indices higher on Monday morning. The FTSE 100 rose 1.3%, Germany’s DAX gained 1.7%, and the Dow Jones opened nearly 2% up.
“This is a win-win for both sides,” said U.S. Trade Representative Linda McCarthy. “We are promoting fair trade while keeping markets stable.”
Economists expect the deal to reduce inflationary pressures and restore investor confidence, especially in export-driven industries such as automobiles, pharmaceuticals, and machinery.
