Looks like we're seeing a major shift in trade policy. The administration just signaled that tariffs on several European economies are coming into play—France, Germany, UK, Netherlands, Denmark, Norway, Sweden, and Finland are all in the crosshairs. Here's the kicker: these levies are scheduled to climb to 25% by June. That's a significant move that could reshape global trade dynamics pretty quickly. When tariffs spike like this, it typically triggers broader market volatility. The uncertainty around retaliatory measures and supply chain adjustments tends to ripple across asset classes. Worth keeping an eye on how this develops, especially as we head into summer. Markets don't usually love this kind of protectionist escalation.