India, July 11 -- French stocks are notably lower on Friday, weighed down by losses in automobile and luxury sectors. The mood in the market is a bit bearish, in line with other major markets in Europe, amid renewed worries about tariffs.
The U.S. President Donald Trump announced a 35% tariff on Canadian imports, starting Aug. 1, in a dramatic escalation of a trade war with the United States' closest ally over the country's alleged role in fentanyl flows.
Trump also talked about blanket tariffs of 15% to 20% on most of America's trading partners and announced plans to make a 'major statement' on Russia, denting investors' appetite for riskier assets.
Investors also waited for a word on tariffs for the European Union. The U.S. currently i...