European shares opened slightly lower on Tuesday, weighed down by planemaker Airbus and its suppliers, which took a hit from proposed US tariffs, while an event-packed week kept investors cautious.[FRANKFURT] European shares opened slightly lower on Tuesday, weighed down by planemaker Airbus and its suppliers, which took a hit from proposed US tariffs, while an event-packed week kept investors cautious.
Shares of planemaker Airbus dropped 2.5 per cent after the US Trade Representative proposed tariffs on a list of European Union products including large commercial aircraft and parts. Washington is seeking to retaliate for more than US$11 billion worth of EU subsidies to Airbus that the World Trade Organization has found cause"adverse effects" for the United States.sentifi.
Merck KGaA dipped on winning the backing of Versum's board for a sweetened US$6.5 billion takeover bid, overturning an agreed merger with rival Entegris as it bets on a recovery in electronic materials markets.
Source: News Formal (newsformal.com)
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