European equity markets were poised for a lower open on Friday as investors weighed the latest round of trade escalations from Washington.
US President Donald Trump announced a 35% tariff on Canadian imports starting August 1 and signaled plans to impose blanket tariffs of 15% to 20% on most other trading partners.
He also suggested that new tariffs on the European Union could be announced as early as today or Monday, adding to market uncertainty.
Traders will also be closely watching key economic releases, including UK monthly GDP data, German wholesale inflation, and French consumer price figures, for further insight into the region’s growth and inflation outlook.
In premarket trade, Euro Stoxx 50 futures dipped 0.2%, while Stoxx 600 futures slipped 0.1%, indicating a cautious start to the session.