European Stocks Continue to Decline Due to Escalating Trade Tensions

European stock markets recorded a negative performance during trading on Friday, July 11, affected by escalating fears of global trade conflict following the recent American threats to impose new tariffs on key trading partners.

The European benchmark index, "Stoxx 600," showed a slight decrease to reach 550.75 points, while major markets experienced varying declines. The German DAX index lost some of its gains, while the British FTSE 100 index remained relatively stable.

This volatile performance came in light of statements by US President Donald Trump indicating the intention to officially notify the European Union of tariff modifications, as well as announcing a 35% tariff on Canadian imports starting in August, along with a proposal to raise tariffs on other countries to between 15% and 20%.

The consumer goods and healthcare sectors saw a significant decline, while defense company stocks benefited from this charged atmosphere.

In a related context, British company BP warned of the impact of falling energy prices on its profits, while official data revealed new signs of contraction in the British economy, adding further uncertainty to the European economic landscape.

Investors remain cautious about any new developments that may affect market movements, especially with the ongoing escalation in US trade policies.