The FTSE MIB tumbled 9% to around 39,720 in early trading on Monday, marking a third consecutive session of losses, as President Donald Trump’s new tariff threats kept investors on edge. Trump on Saturday announced a 30% tariff on products from the EU, effective August 1, after trade negotiations failed to yield a comprehensive deal. The bloc criticized the move as unfair and disruptive but stated it would extend its suspension of retaliatory tariffs on US goods until early August while continuing to push for a negotiated settlement. EU trade ministers are meeting today to discuss the bloc’s response. On the corporate front, Stellantis (-4.6%), Moncler (-1.9%), and STMicroelectronics (-1.7%) were among the notable laggards.