India, Feb. 11 -- After opening slightly higher and holding in positive territory for more than an hour Tuesday morning, French stocks pared gains and are mostly subdued now as investors make cautious moves, assessing the likely impact of the Trump administration's new tariff moves.
Investors are also awaiting the congressional testimony from Federal Reserve Chair Jerome Powell.
Trump raised tariffs on steel and aluminium imports to a flat 25% "without exceptions or exemptions." Trump's move is aimed to support the struggling U.S. steel and aluminium companies, but the tariff increases the risk of a multi-front trade war.
A White House official confirmed that the measures would take effect on March 4.
The benchmark CAC 40, which advance...