European stocks fall as US-China tariff war escalates

European stocks fell during trading on Tuesday, as the US-China tariff war escalated.

Early Tuesday morning, China announced that it would impose tariffs of up to 15% on some US imports, including crude oil, some vehicles and agricultural equipment, starting on February 10.

The move comes in response to Trump’s decision to impose an additional 10% tariff on Chinese imports starting on Tuesday.

According to CNBC, the European Stoxx 600 index fell by 0.26% to 533.44 points.

The FTSE 100 index in the United Kingdom fell by 0.47% to 8,542.86 points.

The German DAX index fell by 0.07% to 21,413.86 points.

While the French CAC 40 index fell by 0.18% to 7,840.82 points.

Global markets fell on Monday as investors reacted to Trump’s decision to impose tariffs on Canada, Mexico and China, and his threat to impose tariffs on goods from the European Union and the United Kingdom. The pan-European STOXX 600 index fell throughout Monday’s session with all sectors in negative territory. Autos, technology and industrials were the worst performing sectors.