Kathleen Brooks, research director at XTB, noted that banks and US tech “are at risk from EU tariffs” in response to Trump’s tariff blitz and warned this would hurt US blue chips. ‘Mistake’The move has raised questions about the outlook for last year’s US-EU trade deal, the ratification of which was frozen on Tuesday by the European Union parliament. “The European Union and the United States have agreed to a trade deal last July. US Treasury chief Scott Bessent on Monday said that any retaliatory EU tariffs would be “unwise”. That body was originally conceived to oversee the rebuilding of Gaza but its charter gives it a much broader, global remit, with Trump in charge.

Source: New Zealand Herald January 20, 2026 20:13 UTC