Trump’s tariffs: Unpacking the EU’s market reaction

IF 1.8 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2025-05-05 DOI:10.1016/j.econlet.2025.112380

Stefano Piserà , Andrea Paltrinieri , Simona Galletta , Flavio Pichler

引用次数: 0

Abstract

This paper explores the effect of 26 February 2025 Trumps’ tariffs announcement against Europe. As a mean of event-study analysis, we find that the announcement led to a reduction of firms’ abnormal return (AR), raw return and cumulative abnormal return (CAR) listed on the EU STOXX 600, and that its effect changes according to firms’ operating industry and size. Our results confirm the EU market dependence from US policies, warning about its vulnerability.

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特朗普的关税：解读欧盟的市场反应

本文探讨了2025年2月26日特朗普宣布对欧洲征收关税的影响。通过事件研究分析，我们发现公告导致了欧盟斯托克600指数上市公司的异常收益（AR）、原始收益和累积异常收益（CAR）的降低，并且其效果随公司经营行业和规模的不同而变化。我们的研究结果证实了欧盟市场对美国政策的依赖，并对其脆弱性提出了警告。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.