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European Stocks Edge Lower as Traders Mull Trump Metal Tariff Plan

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European equity benchmarks were in the red on Friday morning as traders mulled the prospect of a potential trade war following US President Trump's decision to put tariffs on steel imports into effect and eyed the release of key US economic data.

On Thursday afternoon, President Trump moved to implement a proclamation which would see a 25% tariff on steel imports and a 10% tariff on aluminium from outside the US. Traders were also looking ahead to the release of key non-farm payroll data, due later in the day.

In equities, advertising company WPP (WPP.L) was 2.4% lower on London's FTSE 100 Index, followed by Royal Bank of Scotland (RBS.L), down by 1.3% and engineering company Rolls Royce Holdings (RR.L), 1.2% lower. Airline operator International Consolidated Airlines Group (IAG.L) was 1.0% lower.

On Frankfurt's DAX, automotive manufacturing company Continental (CON.DE) was 2.3% lower, followed by chemical companies Linde (LIN.DE) and BASF (BAS.DE), down by 1.6% and 1.5%, respectively. Commerzbank (CBK.DE) was also down by 1.5%. And, on Paris' CAC-40, automotive supplier Valeo SA (FR.PA) was 1.9% lower, followed by resinurance and insurance provider Axa (CS.PA), down by 1.2% and tire manufacturer Michelin (Compagnie Generale dEtablissements SCPA) (ML.PA), also 1.2% lower.

The pan-European Stoxx 600 Index was 0.09% lower, London's FTSE 100 Index was down by 0.05%, Frankfurt's DAX was 0.52% lower and Paris' CAC-40 was down by 0.19% at the time of writing.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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