India, Feb. 11 -- European stocks may drift lower at open on Tuesday as the U.S.-China tariff battle intensified, threatening key industries and global economic stability.
China has rolled out selective tariffs on U.S. goods in response to the new 10 percent U.S. tariffs on Chinese goods.
While the new U.S. duties on aluminum and steel are unlikely to cause significant disruption, it is feared that upcoming reciprocal tariffs, potentially taking effective on February 11 or 12, could target the pharma, semiconductor chips, and auto industries.
Asian markets held largely steady, though mainland Chinese and Hong Kong stocks traded lower on tariff-related concerns.
U.S. stock futures fell, while the dollar and bullion rallied amid a broader...