Poland’s Prime Minister Donald Tusk on Monday said that the country will “calmly endure” despite being hit by a “ricochet”.
Tusk said this in reaction to the global financial markets tumble following US President Donald Trump’s introduction of sweeping import tariffs on several countries.
In a tweet on X, Tusk called for calm and said that Poland’s stability would act in its favour as markets around the world continued to plummet.
“The reaction to the tariff war was predictable. The stock market earthquake from Japan through Europe to America must be survived without nervous decisions,” Tusk said.
“The Polish stock market also got a ricochet, but political and economic stability are our assets in this difficult time. We will calmly persevere!”
Earlier today, the Warsaw Stock Exchange opened with a massive sell-off of shares as investors rushed to withdraw capital from both blue-chip firms and smaller concerns.
In the first minutes of trading, the WSE’s WIG20 index fell by over 7%, with banks taking the heaviest hits.
