Shares fall sharply following Donald Trump's renewed tariff threat

Shares tanked across Europe as a result of Mr Trump’s latest threat

In Dublin, shares in AIB, PTSB and Bank of Ireland fell 1.13%, 1.43% and 1.84% respectively.

Stock markets on both sides of the Atlantic fell sharply yesterday as US President Donald Trump resumed his threat of tariffs on EU goods.

It comes just days after share prices had recovered the losses inflicted after his April 2 'Day of Liberation' plan that was to impose tariffs on virtually every country in the world. It also shatters the expectation in some quarters that the overall threat of tariffs had subsided after Trump announced a 90-day stay for the EU and reached deals with the UK and China.