European stocks mixed after Trump imposes fresh tariffs

European markets were trading flat on Tuesday morning, paring earlier gains as investors digested the latest raft of tariffs introduced by U.S. President Donald Trump.

The region’s major bourses and the pan-European Stoxx 600 index were little changed at 11:05 a.m. London time, with London’s FTSE 100 and the French CAC 40 reversing the rallies they enjoyed at the opening bell.

Investors around the globe are monitoring updates to U.S. trade policy, after Trump followed through with his promise to slap blanket duties on two key metals. The president signed the order on Monday evening to impose 25% tariffs on steel and aluminium imports from March 4.

Over the weekend, Trump also threatened to impose reciprocal tariffs on any country that taxes imports originating from the United States. He told reporters that he would make an announcement on this front on Tuesday or Wednesday, adding: “if they charge us, we charge them.”

Traders are also awaiting key inflation prints out of the U.S., with the consumer price index reading for January scheduled for release on Wednesday, and the producer price index slated for publication on Thursday.

Overnight in Asia, stocks were in mixed territory as investors digested Trump’s latest tariffs. On Wall Street, stock futures edged lower ahead of Tuesday’s opening bell.