"European stock markets are set to open lower as Trump's threat of a 30% tariff on EU imports affects market confidence, leading to a drop in the EUROSTOXX 50 index."
"The euro is weakening after Trump announced a 30% tariff on EU goods, effective from August 1, impacting trade relations and European markets."
"The EU expressed disappointment over Trump's decision to impose tariffs, as they hoped for a trade deal reducing tariffs similar to the UK's agreement."
"Ursula von der Leyen announced a delay on the EU's retaliatory tariffs against US exports, preparing countermeasures while seeking a negotiated solution."
European stock markets are expected to decline in response to Donald Trump's announcement of a 30% tariff on EU imports starting August 1. The EUROSTOXX 50 lost 0.72% in futures trading, while DAX futures decreased by 0.84%. The euro weakened by 0.17% to $1.1669. The EU, disappointed by the lack of a trade deal, has delayed its own counter-tariffs on US exports. Ursula von der Leyen confirmed the extension of the suspension until early August while preparing countermeasures.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]