Investor confidence in the EU has fallen sharply after Donald Trump\u2019s trade agreement with Brussels, amid mounting concern about the economic hit from the US president\u2019s tariff war.<\/p>\n
The latest snapshot from the Sentix index showed that investor sentiment fell significantly at the start of the month after the deal last week<\/a> between Trump and the European Commission president, Ursula von der Leyen.<\/p>\n The data provider said its weekly survey of thousands of investors in more than 20 countries showed that the pact was a \u201cdeal that dampens the mood\u201d, with Trump and the US viewed as \u201cwinners\u201d at the expense of the eurozone.<\/p>\n \u201cThe result is devastating for the eurozone,\u201d said Manfred H\u00fcbner, the managing director of the Sentix economic index. \u201cThe current situation and expectations are both declining. The wrinkles of concern in the economy are deepening again.\u201d<\/p>\n Financial markets are braced for Washington to introduce sweeping, higher \u201creciprocal\u201d tariffs on imports from dozens of countries from the middle of this week, including Brazil on Wednesday and most other nations from Thursday.<\/p>\n Share prices in Switzerland, which is facing a 39% export tariff from Thursday, plunged on Monday<\/a>, as nations around the world continue to grapple with the fallout from Trump\u2019s erratic global trade war.<\/p>\n Financial markets elsewhere rallied, including in London, Frankfurt, and Paris, after a tariff-related sell-off at the end of last week.<\/p>\n In tangled negotiations, with the threat of tariffs being withheld, escalated and rescinded on an almost daily basis, Washington remains locked in talks with several countries.<\/p>\n A tariff of 40% on US imports from Brazil will begin on Wednesday, and will be topped up to 50% from Thursday.<\/p>\n Canada is pushing for a deal to bring down tariffs of 35%<\/a> on its exports, which was introduced from Friday, while US border taxes on imports from China and Mexico have been paused to allow more time for negotiations.<\/p>\n The latest snapshot from Sentix showed sharp declines in investor confidence in Germany and Switzerland in particular after the agreement reached between Trump and von der Leyen at the US president\u2019s Turnberry golf resort in Scotland.<\/p>\n skip past newsletter promotion<\/a><\/p>\n Sign up to Business Today<\/p>\n Get set for the working day \u2013 we’ll point you to all the business news and analysis you need every morning<\/p>\n Privacy Notice: <\/strong>Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy<\/a>. We use Google reCaptcha to protect our website and the Google Privacy Policy<\/a> and Terms of Service<\/a> apply.<\/p>\n after newsletter promotion<\/p>\n The headline index fell from 4.5 in July to -3.7 in August, according to the survey conducted between 31 July and 2 August.<\/p>\n