European equity markets were on track for a weaker open Monday as investors remained cautious over trade uncertainties.
US President Donald Trump recently announced a 30% tariff on imported goods from the EU, set to take effect on August 1.
While the EU has expressed hope for a trade deal before the deadline, no agreement has been reached.
US Commerce Secretary Howard Lutnick reiterated that August 1 is a “hard deadline” for countries to begin paying tariffs, though he noted that negotiations will continue in the meantime.
With no major economic data or earnings releases scheduled in Europe today, attention remains firmly on trade developments.
In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were down 0.3% and 0.2%, respectively.