Global Markets React to US-China Tariff War: European and Asian Shares Dip

European and Asian shares experienced declines following the implementation of tariffs by the U.S. and retaliatory measures by China. Germany's DAX fell by 1.8% to 22,733.26, while France's CAC 40 decreased by 1.1% to 8,108.71. The UK's FTSE 100 dropped by 0.4% to 8,837.92. In Asia, Tokyo's Nikkei 225 declined by 1.2% to 37,331.18, and Hong Kong's Hang Seng lost 0.4% to 22,922.16. The Shanghai Composite edged up slightly by 0.2% to 3,324.21. China's response included higher duties on U.S. farm exports. The S&P 500 and Dow Jones Industrial Average futures showed slight gains. Oil prices also declined, with U.S. benchmark crude oil losing 93 cents to $67.44 per barrel. Bitcoin fell to approximately $83,900.