European markets are expected to open on Friday in negative territory after U.S. President Donald Trump once again threatened to crack down on tariffs on the EU and subsequently put new taxes in Canada and Mexico.
According to IG, London’s FTSE 100 opening rate is expected to drop by 0.6%, while Germany’s DAX index is scheduled to open more than 1%, while France’s CAC 40 is expected to lose about 0.8%.
Regional Market Meetings ending Thursday are lower After Trump Threat to be responsible for 25% of EU importssaid the tariffs will be announced “soon” and apply to “cars and everything else”.
President Confirm also On Thursday, a 25% tariff on goods entering the U.S. from Canada and Mexico will take effect on March 4, while China will face a 10% tariff.
After a meeting with British Prime Minister Keir Starmer on Thursday, Trump hinted that Britain may try to avoid his tariff regime.
“I think these two great, friendly countries are very likely, and I think we’ll have a real trade deal that’s unnecessary,” the president told reporters at a press conference. “We’ll look at it.”
Trump added that Starmer has been “working” to convince him not to impose tariffs on Britain and that he is “very acceptable”.
Company revenue will also continue to be watched on Friday, with numerous European companies preparing to report their financial status. These include Allianz, Sprbank, British Airways owners IAG, Holcim and UCB.
On Friday, economic data for the region will include retail in Germany in January, inflation figures in France and the latest news on the UK’s national housing price index.
