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Shares of EU firms go down as trade dispute threatens to reignite

EU stocks dipped today and yesterday after news that President Trump is preparing additional tariffs on Chinese goods, on the other hand Whitbread jumped following its $5.1 bln agreement to sell Costa Coffee to Coca-Cola.

Photo: Reuters

The STOXX 600 lost 0.5% and is heading towards the steepest slump in two weeks, while the DAX of Germany slid 1%.

As reported, the U.S. President has declined a proposal by the European Union to reject tariffs on cars, saying European trade policies were nearly as bad as China’s. Jean-Claude Juncker commented that the EU would introduce similar measures in case of new car tariffs from the United States.

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