European Markets React to Upcoming US Tariffs

As the clock ticks down to the imposition of new tariffs by United States President Donald Trump, major European stock markets opened lower on Wednesday. The anticipation of how these tariffs will escalate the ongoing trade war has left investors on edge.

Market Performance at a Glance

The DAX saw a decline of 0.46% at the opening bell, with the FTSE 100 not far behind, decreasing by 0.36%. France's CAC 40 and the Euro Stoxx 50 also felt the pressure, dropping by 0.32% and 0.47%, respectively.

EU's Stance on Retaliation

European Commission President Ursula von der Leyen has been vocal about the EU's preparedness, claiming a "strong plan to retaliate" against the new trade duties. This statement comes as the euro traded flat against the dollar, selling for $1.07914 and $1.29143 at 8:58 am CET.

With tensions rising, the global market watches closely to see how this trade war will unfold.