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(Reuters) – European stock indexes lost up to 2% early trading on Friday as US President Donald Trump warned against the imposition of new tariffs on China, which would lead to global stock markets and trade-affected sectors such as the extractive industries and automotive manufacturing.
During a sudden break in the temporary trade cease between the United States and China, Trump announced that it would impose a 10% tax on Chinese imports, worth $ 300 billion $ as of September 1st.
Investors were also worried about Bloomberg's report that Trump would make a statement on trade with the EU at 17:45 GMT on Friday.
At 7:11 GMT, the European equity index was down 1.6%, the core materials index down 4.3%, followed by the auto and auto sectors. of technology, which have lost more than 2.5% each.
The German index, often among the markets most affected by trade, fell by 2% and the French index fell at a similar rate.
The Italian company Pirelli Tire fell 4.7% after the company reduced its revenue forecast for the second time this year.
(Prepared by Abdel Moneim Darar for publication in Arabic)
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