India, July 22 -- European stocks may drift lower at open on Tuesday as investors react to the latest tariff updates and look forward to earnings from several big-name companies this week, including Google parent Alphabet, Tesla, General Motors and Intel.
As U.S. President Donald Trump pushes for higher tariffs, the European Union is said to be readying its counterattack.
EU member states are pushing for new and stringent measures to retaliate against U.S. companies, according to a Wall Street Journal report. EU officials are meeting this week to draw up a plan for reprisals, Bloomberg said.
U.S. Treasury Secretary Scott Bessent on Monday said the Trump administration is "more concerned with high quality deals than getting these deals do...