This paper explores the effect of 26 February 2025 Trumps' tariffs announcement against Europe. As a mean of event-study analysis, we find that the announcement led to a reduction of firms' abnormal return (AR), raw return and cumulative abnormal return (CAR) listed on the EU STOXX 600, and that its effect changes according to firms' operating industry and size. Our results confirm the EU market dependence from US policies, warning about its vulnerability.
Pisera, S., Paltrinieri, A., Galletta, S., Pichler, F., Trump's tariffs: Unpacking the EU's market reaction, <<ECONOMICS LETTERS>>, 2025; 252 (Giugno): 1-5. [doi:10.1016/j.econlet.2025.112380] [https://hdl.handle.net/10807/327216]
Trump's tariffs: Unpacking the EU's market reaction
Paltrinieri, Andrea
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2025
Abstract
This paper explores the effect of 26 February 2025 Trumps' tariffs announcement against Europe. As a mean of event-study analysis, we find that the announcement led to a reduction of firms' abnormal return (AR), raw return and cumulative abnormal return (CAR) listed on the EU STOXX 600, and that its effect changes according to firms' operating industry and size. Our results confirm the EU market dependence from US policies, warning about its vulnerability.
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