India, July 14 -- French stocks are down in negative territory on Monday, weighed down by trade war concerns following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.
Meanwhile, the European Union has reportedly prepared a €21 billion ($24.52 billion) tariff package targeting American goods if trade talks between the two sides collapsed.
The benchmark CAC 40 was down 40.61 points or 0.52% at 7,788.68 a little while ago.
French defense-related stocks are finding some support after President Emmanuel Macron on Sunday called for a massive boost to France's defense spending, citing a greater threat from Russia.
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