India, April 9 -- European stocks ended sharply lower on Wednesday, turning weak once again after having snapped a four-session losing streak on Tuesday. The mood turned bearish U.S. President Donald Trump pushed ahead with higher duties on roughly 60 trading partners that he dubbed the "worst offenders."
The latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, and a 20% levy on European Union imports took effect today. China's finance ministry said it will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced.
Trump also proposed the imposition of a "major" tariff on drug imports in a bid to stimulate domestic drug production and tripled the previously announced tariff rates on low-...