Germany's DAX index dropped 163 points to 12,230 while France's CAC slipped 80 points to 5,466, according to IG. In the U.K., markets are closed due to a public holiday.
Market participants eyed with caution the latest developments in trade negotiations between the U.S. and China. Trump said overnight that current 10% duties on $200 billion worth of Chinese goods would rise to 25% by Friday, throwing hopes of any near-term resolution into doubt. The president also said he would target a further $325 billion of Chinese imports with a 25% levy "shortly."of trade talks scheduled for this week. Sources told CNBC that Chinese Vice Premier Liu would likely cancel a trip for the final round of trade talks.
Source: Financial Digest (financialdigest.net)
BLAME IT ON POTUS
Trump has failed again.
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