Stoxx 600, FTSE, DAX, CAC, Trump tariffs latest
This photo shows flags of European countries waving in front of the European Parliament building in Strasbourg, eastern France, on June 6, 2024. (Photo: SEBASTIEN BOZON / AFP) (Photo: SEBASTIEN BOZON/AFP via Getty Images)
Sebastien Bozon | Afp | Getty Images
LONDON — European stocks fell Tuesday as investors assessed the new global trade environment following U.S. President Donald Trump’s latest tariff move.
Pan-European shortly after the opening bell Stoxx 600 It fell 0.3%, with all major regional bourses in negative territory.
Regional stocks closed lower on Monday as global markets reacted to Trump’s decision to impose a new, 15% global tax on imports to the United States.
European officials have expressed concern about the action, signaling it could pose a threat to trade agreements with the United States. The European Parliament then announced on Monday that it was pausing efforts to ratify the US-EU trade deal agreed last summer.
US markets also felt the heat from the tariff move; Stocks fell on Monday as investors grappled with new trade policy and persistent fears of AI disrupting the industry.
Trump continued to defend his ability to raise tariffs on Monday, warning of higher tariffs for countries willing to “play the game” after the Supreme Court struck down “reciprocal” tariffs last week.
Trump said over the weekend that the new 15% tax would go into effect immediately, but it is unclear whether any official documents have been signed outlining its timing. He also said additional taxes would be coming in the next few months.
In corporate news, British lender Standard Rented It announced full-year earnings on Tuesday, and although pre-tax profit rose 16% year-on-year, it came in at a weaker-than-expected $6.96 billion. Net interest income rose 1% from the prior year to $11.2 billion, beating the consensus estimate compiled by LSEG.
The bank said it expects reported operating income in 2026 to be at the low end of its 5% to 7% growth forecast. In 2025, operating income increased by 6% annually to $20.9 billion, in line with forecasts.
Shares were last down 0.8%.
— CNBC’s Sean Conlon and Sarah Min contributed to this market report.
