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European stocks rise higher as global markets shrug off Trump's latest tariffs
Tuesday, 11 February 2025 16:54 WIB | MARKET UPDATE |

European markets opened in positive territory on Tuesday as investors digested the latest raft of tariffs introduced by U.S. President Donald Trump.

While the pan-European Stoxx 600 index and Germany's Dax were mostly flat, the U.K.'s FTSE 100 was up by 0.22%. France's CAC also opened higher by 0.35%.

Global markets started the week on a positive note, appearing to shrug off Trump's announcement over the weekend that he would impose a blanket 25% tariff on all steel and aluminum imports on Monday.

Since the announcement was made yesterday evening, however, markets have taken a downturn, with those in Asia-Pacific seeing mixed trade overnight and U.S. stock futures trending lower.

The steel and aluminum levies will take effect March 4.

Source: CNBC

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