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Discussion Paper
U.S. Reciprocal Tariff Announcement and European Bank Stock Performance
European bank equity prices fell sharply following the April 2, 2025, U.S. reciprocal tariff announcement, reflecting investor concerns about rising trade tensions and their potential impact on global growth and financial stability. In this note, we examine how the effects of the tariff announcement on European banks varied with their trade exposure, capital strength, and asset quality.