{"id":47816,"date":"2025-07-08T04:55:11","date_gmt":"2025-07-08T04:55:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/47816\/"},"modified":"2025-07-08T04:55:11","modified_gmt":"2025-07-08T04:55:11","slug":"european-markets-head-for-a-lower-open-as-traders-digest-trumps-tariffs-announcement-nbc-los-angeles","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/47816\/","title":{"rendered":"European markets head for a lower open as traders digest Trump\u2019s tariffs announcement \u2013 NBC Los Angeles"},"content":{"rendered":"

This is CNBC’s live blog covering European markets.<\/p>\n

Here are the opening calls<\/p>\n

Welcome to CNBC’s live blog covering all the action and business news in European financial markets on Tuesday.<\/p>\n

Futures data from IG suggests regional markets will open lower, with London’s\u00a0FTSE 100<\/a>\u00a0expected to open 0.3% lower, Germany’s\u00a0DAX<\/a>\u00a0and France’s CAC 40 0.1% lower, respectively. Futures tied to Italy’s\u00a0FTSE MIB<\/a>, were around 0.1% lower this morning.<\/p>\n

Global markets are seesawing this week, as traders digest the latest trade tariff news, and any potential trade deals ahead of a July 9 deadline, when higher trade duties are due to come into effect.<\/p>\n

U.S. Treasury Secretary Scott Bessent told CNBC’s “Squawk Box<\/a>” on Monday that there would be several trade announcements over the next 48 hours, adding that he expects “it’s going to be a busy couple of days.” He did not specify which countries were involved.<\/p>\n

Asia-Pacific markets swung between gains and losses overnight, however, as investors assessed Trump’s latest tariff threats on\u00a014 trading partners<\/a>.<\/p>\n

Goods exported to the U.S. from Japan, South Korea, Malaysia, Kazakhstan and Tunisia are now set to face 25% tariffs starting Aug. 1, according to the letters Trump posted on Truth Social.<\/p>\n

Other Asia-Pacific markets facing higher tariffs include Indonesia, which will be hit with a 32% excise duty, Bangladesh, which was slapped with a 35% duty, as well as Cambodia and Thailand, which are set for 36% tariff rates, the president’s letters indicated.<\/p>\n

Meanwhile, imports from Laos and Myanmar will face a 40% duty, Trump’s letters posted on Truth Social showed.<\/p>\n

\u2014 Holly Ellyatt, Amala Balakrishner<\/p>\n","protected":false},"excerpt":{"rendered":"This is CNBC’s live blog covering European markets. Here are the opening calls Welcome to CNBC’s live blog…\n","protected":false},"author":3,"featured_media":47817,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,135,50,67,132,68],"class_list":{"0":"post-47816","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-news","11":"tag-united-states","12":"tag-unitedstates","13":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114815836330434625","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/47816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=47816"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/47816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/47817"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=47816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=47816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=47816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}