⌨Trump's tariffs officially took effect in the morning, causing European markets to plunge, with the CAC 40 dropping 2.8%. China immediately announced retaliatory measures, increasing duties on American products from 34% to 84%, which further accelerated market losses.
The EU adopted its first countermeasures, imposing 25% tariffs on American motorcycles, soybeans, poultry and cosmetics worth €21 billion. Economists warned about negative impacts on French growth and employment, with approximately 28,000 French businesses affected by Trump's measures.
In a dramatic reversal by evening, Trump announced a 90-day "pause" in tariffs for all countries except China, against which he increased duties to 125%. Wall Street immediately rallied on this news.
Domestically, Lyon's Green Party mayor Grégory Doucet was taken into police custody regarding a financial investigation but released later in the day. President Macron announced France could recognize a Palestinian state as early as June.