European stocks head for lower open, with EU tariff letter expected from White House

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European markets caput for little open, with tariffs successful focus

The pan-European Stoxx 600 scale notched a 4th regular summation connected Thursday, but IG futures are pointing to a broadly antagonistic unfastened for large bourses connected Friday.

The large quality overnight is that U.S. President Donald Trump volition lift tariffs connected imports from Canada to 35% from Aug. 1, and warned that the work mightiness beryllium accrued if Ottawa retaliates. The complaint is abstracted from sectoral tariffs placed connected steel, aluminum and autos, and soon copper.

Investors are besides lasting by successful anticipation of the merchandise of a missive from Trump successful which helium is expected to outline tariffs the European Union volition face, aft helium told NBC News that helium would beryllium issuing tariffs "over the adjacent mates of hours" to some the EU and Canada. 

— Jenni Reid, Michael Considine

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