European stocks tumble, bonds rally after Trump proposes 50% EU tariff

[WSHazel]

Source: Yahoo Finance

European stocks tumbled, the euro gave back some gains, and euro zone government bond yields fell sharply on Friday after U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1.

Trump's remarks in a series of social media posts, which also targeted Apple, halted investors' expectations that the bulk of tariffs he announced in early April would be negotiated away, a view that had supported stock market gains in the past few weeks.

Read more: https://finance.yahoo.com/news/european-stocks-tumble-bonds-rally-121842926.html

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This is transparent market manipulation. Stocks were drifting up over about 3 weeks, with dropping volatility, making the acquisition of Put Options and taking short positions less expensive. And then he tweets out this.

I am going to go out on a limb and say that Trump is going to announce postponing these tariffs in a week, and the market will go back up.