European markets set for negative open after US proposes tariffs on EU, China, and Japan over forced labor concerns
By
Chloe Taylor
Properly proved. Has structure, has flavour, has a point.
Summary
European stock markets are expected to open lower after the U.S. Trade Representative proposed new tariffs of up to 12.5% on 60 countries, including China, the European Union, and Japan, over allegations of failing to ban goods made with forced labor. The proposed measures have created uncertainty in European markets, with futures pointing to a negative open.
Key quotes
· 1 pulledThe failure of our most important trading partners to address the importation of goods made with forced labor is unacceptable.
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