Major European indices are closing lower to start the new trading week
The major European indices are not cheering on the tariff deal with the US, though price action was up and down.
The new agreement sets a 15% base tariff on most European Union exports to the U.S., including cars, semiconductors, and pharmaceuticals, while the EU has committed to purchasing $750 billion worth of U.S. energy and military equipment.
Though many European leaders welcomed the added clarity and stability, some expressed concern over the deal’s alignment with President Trump’s “America First” trade agenda. Final terms remain under negotiation, leaving key details still unresolved.
The German DAX was the worst performer. Italy’s FTSE MIB closed unchanged
- German DAX -1.13%
- France’s CAC -0.43%
- UK’s FTSE 100 -0.43%
- Spain’s Ibex -0.12%
- Italy’s FTSE MIB unchanged
This article was written by Greg Michalowski at investinglive.com.
