European Stocks Hold Steady Despite Extended US Tariff Threats

European stock markets have shown resilience in the face of U.S. President Donald Trump's renewed threats to impose steep tariffs on imports from multiple countries, including European nations. Despite Trump's announcement of up to 50% tariffs on copper and higher levies on pharmaceuticals, as well as the extension of tariff deadlines to August 1, European equities remained largely flat or slightly higher, signaling a diminished market shock to these trade tensions. Investors remain cautiously optimistic about ongoing trade negotiations, with the European Union actively seeking exemptions and aiming to finalize a trade deal with the U.S. soon, although no agreement has yet been reached. Economic indicators such as Germany's declining exports highlight concerns over the impact of tariffs on trade flows, while certain sectors like mining have seen gains on hopes of tariff extensions or negotiations. Market analysts suggest that while tariffs have been raised, hopes for a compromise deal have helped stabilize markets, though uncertainties about future tariff adjustments and negotiation capacities persist. Overall, European markets appear to be pricing in a complex but potentially manageable trade dispute scenario with the U.S.