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Europe’s banks battered as Trump tariffs put U.S. recession on the horizon newsthirst.

Reading, UK – JULY 5, 2021: British High Street Banks stopping account holders buying using or processing crypto related transactions as traditional banking industry declares war on crypto currencies Craig Hastings | Moment | Getty Images European banks have been battered in the wake of U.S. President Donald Trump’s sweeping and more-aggressive-than-anticipated tariffs. The European…

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Trump tariffs are ‘pure madness,’ former Italian PM says newsthirst.

Former Prime Minister Enrico Letta, speaks during ICAM in April 2025. Europa Press News | Europa Press | Getty Images U.S. President Donald Trump’s so-called ‘Liberation Day’ trade tariffs are “madness, pure madness”, according to former Italian Prime Minister and Dean of the IE School of Politics Enrico Letta, who called the reciprocal levies “incomprehensible.”…

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