FX.co ★ European Markets Set for Lower Open

European stock markets looked set to open lower on Tuesday as investors processed the latest trade developments from the United States. President Donald Trump announced new tariff rates for 14 countries that have yet to secure trade deals with the US, including significant export-oriented economies like Japan and South Korea, both of which will be subjected to 25% tariffs. Furthermore, Trump signed an executive order extending the deadline for reciprocal tariffs from July 9 to August 1, allowing more time for negotiations. In Europe, focus will shift to the most recent trade data from Germany and France, which might provide insights into the possible effects of evolving US-EU trade relations. In early pre-market activity, Euro Stoxx 50 futures declined by 0.1%, while Stoxx 600 futures decreased by 0.2%.