European markets opened in negative territory on Friday, after U.S. President Donald Trump threatened once again to slap tariffs on the EU and followed through with new levies on Canada and Mexico.
The pan-European Stoxx 600 index was 0.5% lower during early trade, with almost every sector losing ground. All major bourses saw losses, with France's CAC 40 and the German Dax both down more than 0.5%.
Regional markets ended Thursday's session lower after Trump threatened to impose 25% duties on imports from the EU, saying the tariffs would be announced "very soon" and apply to "cars and all other things."
The president also confirmed on Thursday that sweeping 25% tariffs on goods entering the U.S. from Canada and Mexico would come into effect on March 4, while China will face additional 10% tariffs from that date.
Source: CNBC
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