Market Reaction to US Tariffs

European stock markets opened lower on Friday, reacting to the recent announcement of US trade tariffs. The tariffs, which impose a 20% duty on the European Union, have caused significant concern among investors and market participants.

Retaliatory Measures and Political Responses

The European Union has announced plans for retaliatory measures if negotiations with the US fail. French President Emmanuel Macron has advised businesses to pause investments in the US, while Germany's acting economic minister, Robert Habeck, suggests a unified European response could pressure the US to reconsider.

Impact on Major Indices

Major European indices, including the DAX, FTSE 100, CAC 40, and Euro Stoxx 50, all saw declines at the opening bell, reflecting the market's nervousness.

Currency Movements

The euro remained stable against the dollar, while the pound experienced a slight decline, further illustrating the market's reaction to the ongoing trade tensions.