India, July 22 -- European shares were subdued on Tuesday, with disappointing earnings and trade anxiety keeping investors on edge.
Media reports suggest that the European Union is preparing to respond with a suite of retaliatory measures under its Anti-Coercion Instrument (ACI) following U.S. President Donald Trump's threat to impose a 30 percent tariff on EU goods from 1 August.
Elsewhere, the prospect of an interim trade deal between the U.S. and India before the August 1 deadline have dimmed due to persistent disagreements over key agricultural and dairy products.
In economic releases, the U.K. budget deficit widened sharply in June, data from the Office for National Statistics showed.
Public sector net borrowing rose by GBP 6.6 bil...