---
title: "Wall Street rallies despite US-EU tariff war"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-03-12T14:58:36+00:00"
modified: "2025-03-12T14:58:36+00:00"
date: 2025-03-12
canonical: "https://www.share-talk.com/wall-street-rallies-despite-us-eu-tariff-war/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["BAE Systems", "Bond", "canada", "Chinese imports", "Dassault Aviation", "Dow Jones", "Emmanuel Macron", "EU", "Euronext", "Fed", "FRANCE", "French President", "Goldman Sachs", "investors", "Keir Starmer", "Mexico", "Paris", "tariffs", "trade war", "UK", "Ukraine", "Wall Street"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/01/Wall-Street-28th-jan-25.webp?fit=1200%2C800&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Wall Street rallies despite US-EU tariff war

**Published:** March 12, 2025
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** BAE Systems, Bond, canada, Chinese imports, Dassault Aviation, Dow Jones, Emmanuel Macron, EU, Euronext, Fed, FRANCE, French President, Goldman Sachs, investors, Keir Starmer, Mexico, Paris, tariffs, trade war, UK, Ukraine, Wall Street
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/01/Wall-Street-28th-jan-25.webp?fit=1200%2C800&quality=80&ssl=1)

---

Stock markets surged on both sides of the **Atlantic** as investors brushed off escalating trade tensions between the **US and the EU**.

The **Nasdaq Composite** climbed **1.6% to 17,713.82**, while the **S&P 500** rose **0.6% to 5,607.96** in early trading.

Global markets have experienced **sharp swings this month** as **Donald Trump** warned that the **American economy** is entering a **“period of transition”** while pressing ahead with his **tariff agenda**.

However, despite the **EU’s announcement of retaliatory measures** in response to the **US president’s 25% tariffs** on **steel and aluminium**, which took effect today, investors remained optimistic. The **Dow Jones Industrial Average** dipped **0.3% to 41,294.32**.

Markets jumped after annual **US consumer inflation** slowed more than expected, dropping to **2.8% in February**—the first full month since **Trump’s return to the White House**.

In **Europe**, the **FTSE 100** was up **0.3%**, while **France’s CAC 40** gained **0.7%**, and **Germany’s DAX** surged **1.5%**.

#### **Goldman Sachs Lowers Wall Street Outlook Amid Escalating Trade War**

**Goldman Sachs** has **downgraded its stock market earnings forecasts** as the **U.S. trade war intensifies**.

The investment bank **cut its earnings-per-share growth estimate** for the **S&P 500** from **9% to 7%**, following a downward revision of its **U.S. GDP forecast**.

Earlier this week, **Goldman’s U.S. economics team** reduced its **2024 growth projection** from **2.4% to 1.7%**, citing the economic impact of **President Donald Trump’s latest wave of global tariffs**.

The **S&P 500** has dropped **9% over the past three weeks**, as markets reel from the policy uncertainty.

---

**Original URL:** https://www.share-talk.com/wall-street-rallies-despite-us-eu-tariff-war/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*