European stocks are set to open mixed Thursday morning after the U.S. announced it would impose tariffs on exports from the European Union.
is expected to open up 8 points at 5,430, according to IG. Germany's stock market index will be closed on Thursday.it plans to target with tariffs on Wednesday, intensifying the Trump administration's global trade battles.
Washington will impose 10% charges on Airbus planes and 25% duties on French wine, Irish and Scotch whiskies and cheese from across the continent.EU manufacturers are already facing EU levies on steel and aluminum and a threat by Trump to penalize EU cars and car parts. The prospect of the EU responding in kind to the U.S. is likely to fuel concerns about slowing global growth.
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