The CAC 40 plunged 2.9% to 7,546 on Friday, extending its weekly loss to a steep 4.1% and marking a one-month low, as sweeping new US tariffs and lackluster earnings rattled investors. President Trump’s executive order introduced a 10% global baseline tariff, punitive duties of up to 41% on countries lacking trade deals, and a 40% levy on goods suspected of circumventing tariffs. While Europe avoided the harshest measures through a last-minute agreement, it now faces a 15% tariff on exports to the US. On the corporate front, Teleperformance plummeted 20.7% after cutting its 2025 growth forecast following weak Q2 results. Axa dropped 7.9% on disappointing H1 profits, Saint-Gobain lost 9.3% after narrowly missing sales expectations, and Schneider Electric extended losses by 6.3% despite record H1 revenue, as warnings of margin pressure and a steep decline in free cash flow overshadowed the results.