Morning Business Report: European allies consider tariffs as markets react to global uncertainty
Several European countries are weighing plans to ramp up their own tariffs against the United States.
(LILAMAX)- Several European countries are weighing plans to ramp up their own tariffs against the United States in what some officials have described as a trade “bazooka” to counter pressure from President Trump.
Germany’s finance minister teased the potential action Monday while speaking alongside his French counterpart in Berlin.
More than half a dozen European countries also warned in a joint statement Sunday that tariff threats over Greenland are undermining transatlantic relations, as the White House seeks to pressure allies into a deal to acquire the Arctic island.
Meanwhile, gold and silver have been on a tear as geopolitical uncertainty drives investors toward safer assets. Both metals hit new record highs Monday.
European auto and luxury stocks sold off, as more tariffs could be on the way.
Stocks ended Friday just below the flatline and posted a losing week overall. Banks were among the biggest losers during the week due to the threat of a 10 percent credit card interest rate cap.
Looking ahead to 2026, many workers are hoping to leave the traditional 9-to-5 schedule behind. Instead, they are interested in a growing practice known as “microshifting.”
The Owl Labs “State of Hybrid Work Report” found that workers feel more in control with this type of schedule, which focuses less on specific hours and more on completing tasks. For example, a worker may work in the morning, run errands in the afternoon, and finish projects in the evening.
The report also found caregivers were roughly three times as likely to try microshifting compared to non-caregivers.
In entertainment news, Disney’s “Zootopia 2” has surpassed “Inside Out 2” as the highest-grossing animated film in Hollywood history, earning $1.7 billion globally, according to Variety. The sequel opened with a record $156 million domestically.
Meanwhile, A24’s “Marty Supreme” has become the studio’s highest-grossing film in North America, dethroning the Oscar-winning “Everything Everywhere All at Once” with $80 million.
