European markets were openly lower on Monday after US President Donald Trump imposed commercial prices on several countries and threatened to do the same with the European Union and the United Kingdom
The pan -European Stoxx 600 fell 1.34% at 8:30 am London time, all sectors are firmly in negative territory.
The Autos Stoxx 600 index fell 3.5%, deactivated, while technological, industrial and mining indices each lost around 2%. Germany Dax The index was more than 1.7% lower than the first transactions.
The region’s markets reacted negatively to the decision of President Trump this weekend to slap 25% of prices on imports from Mexico and Canada and a 10% levy on goods from China. Prices are expected to come into force on Tuesday. The United States made around $ 1.6 billion in business with the three countries.
Canada retaliated with its own sanctions against American imports and Mexico threatened to do the same.
Asked on Sunday on the prospect of prices on the goods of the United Kingdom and the European Union, Trump told the BBC that the two were “out of line” but that the EU was worse. He said that an agreement could be “concluded” with the United Kingdom, a country with which the United States has a more balanced commercial relationship, but firmly stood than prices on the EU “will certainly occur” and that they would be imposed “very soon.”
Trump described the American trade deficit with the EU as an “atrocity”, repeating his previous comments that the block had “really benefited” from the United States. An EU spokesperson said that the block would “respond” firmly “to any new American price on its goods.
The markets in Asia-Pacific exchanged a decrease overnight after Trump’s pricing decision, while American actions have dropped on Sunday evening while investors weighed new American tariffs and their potential impact on the economy and business benefits.
