India, April 4 -- European stocks plunged sharply and several market tumbled to fresh multi-month lows on Friday as U.S. President Donald Trump's sweeping tariff moves, and the retaliatory action by China raised fears of a global trade war and recession, prompting investors to press sales across the board.
Bank, mining, energy, realty, pharmaceuticals, retail and fashion jewellery - stocks from across all these sectors tumbled on sustained selling pressure.
Trump's moved prompted several European leaders to warn of retaliatory measures. French President Macro reportedly called on companies to suspend planned investments in the U.S.
Criticizing Trump's decision to impose 34% of additional reciprocal levies on China, which raises total U.S...