India, Feb. 3 -- European stocks may face heavy selling pressure on Monday amid concerns that U.S. President Donald Trump's tariff war and possible retaliatory measures by the U.S.'s main trading partners may create unnecessary economic disruption, drive inflation higher and keep interest rates elevated for longer.
Soon after Trump on Saturday followed through with his threats to impose stiff tariffs on Mexico, Canada and China, Mexican President Claudia Sheinbaum said her country would impose retaliatory tariffs.
Outgoing Canadian Prime Minister Justin Trudeau announced "far-reaching" retaliatory levies and China said it would "take corresponding countermeasures," instigating a trade war that's set to reshape global supply chains.
A spo...