- Title: European shares subdued as investors brace for Trump's tariff deadline
- Date: 7th July 2025
- Summary: FRANKFURT, GERMANY (JULY 7 2025) (REUTERS) TRADING FLOOR AT FRANKFURT STOCK EXCHANGE DEUTSCHE BOERSE LOGO TRADERS WORKING BOARD SHOWING DAX GRAPH VARIOUS OF TRADERS WORKING BOARD SHOWING DAX START AT 23,845.88 POINTS BOARD SHOWING DAX INCREASE OF 87.54 POINTS OR 0.37% VARIOUS OF TRADERS WORKING TRADING FLOOR AND BOARD (SOUNDBITE) (German) HEAD OF PORTFOLIO MANAGEMENT “PLUT
- Embargoed:
- Keywords: Dax Donald Trump European Union Frankfurt stock exchange United States tariffs
- Location: FRANKFURT, GERMANY
- City: FRANKFURT, GERMANY
- Country: Germany
- Topics: Europe,Economic Events,Equities Markets
- Reuters ID: LVA001782507072025RP1
- Aspect Ratio: 16:9
- Story Text: European shares were subdued on Monday, with investors on the lookout for any trade-related headlines in the countdown to U.S. President Donald Trump's tariff deadline.
The pan-European STOXX 600 index was flat at 541.15 points, as of 0835 GMT.
Other major regional indexes were mixed, with Germany's DAX up 0.4%. Carl Zeiss Meditec and Merck KGaA fell 1.7% and 2.1%, respectively, following China's reciprocal curbs on EU medical devices.
President Trump said on Sunday (July 6), the U.S. is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9. The new rates are set to take effect from August 1.
He also said the U.S. will send letters to 12 countries on Monday, detailing the different tariff levels they will face on goods they export to the U.S.
Meanwhile, Trump threatened an extra 10% tariff on countries aligning themselves with the "anti-American policies" of the BRICS group of developing nations.
He added to the confusion by mentioning that some tariffs could reach up to 70% levels far higher than the 10%-50% range he announced in April.
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