PARIS, April 8 (Reuters) - The United States is starting
to resemble an emerging market more than a developed country,
Euronext's CEO Stephane Boujnah said on Tuesday as
financial markets remained volatile after the imposition of
sweeping U.S. tariffs.
"Fear exists all over," the head of the pan-European stock
exchange operator told France Inter radio. "The country (United
States) is unrecognisable and we are living in a transition
period. There is a certain form of mourning, because the United
States that we had known for the most part as a dominant nation
resembled the values and institutions of Europe and now
resembles more an emerging market."
Boujnah said global financial markets were rotating assets
and were trying to adapt to a United States that they do not
recognise after U.S. President Donald Trump announced global
tariffs on imports to the United States.
Trump has said the tariffs - a minimum of 10% for all
U.S. imports, with targeted rates of up to 50% - would help the
United States recapture an industrial base that he says has
withered over decades of trade liberalization.
Boujnah said there was some good news in that oil prices and
long-term rates were down, and that there were flows of money
leaving the United States to be re-invested in Europe.