European stock exchanges began with sales pressure on the week with concern that US President Donald Trump’s tariff decision on the European Union (EU) and Mexico could re -exacerbate trade wars.
The Stoxx Europe 600 indicator index decreased by 0.5 percent from 544.8 points, the DAX 40 index decreased by 0.8 percent in Germany and the FTSE 100 index in the UK is trading from 8.960 points with 0.2 percent.
The FTSE MIB 30 index in Italy decreased by 0.5 percent, 39.865 points, the IBEX 35 index in Spain has a decrease of 0.7 percent and the CAC 40 index in France is 7.780 points with a loss of 0.6 percent.
President Trump, the US’s important trade partners for weeks after a comprehensive agreement of negotiations on Saturday, said on Saturday, the European Union and Mexico from 1 August, 30 percent of customs duty can be applied.
The European Union said that the process will work to reach a solution through negotiations.
However, the Italian Foreign Minister Antonio Tajani said that if an agreement cannot be reached between the parties, the European Union will apply customs duty to US -based goods of 21 billion euros.
With these developments, especially the automobile sector is under pressure, the Stoxx Europe 600 car and parts index recorded 1.6 percent.
Analysts, the rest of the day in Europe, the data agenda is calm, the focus of investors in the focus of the news flow on tariffs, he said.
