European stock markets declined on Monday amid continued uncertainty regarding U.S. tariff policies under President Trump. Major indices such as Germany's DAX and France's CAC 40 experienced losses, reflecting a broader mixed trading session in Asia. Notably, consumer prices in China dropped for the first time in over a year, raising concerns about the country's economic stability. Meanwhile, Japan's trade minister initiated talks in the U.S. to prevent increases in tariffs on Japanese goods, emphasizing the need for mutually beneficial discussions. The S&P 500 also faced fluctuations but managed a slight rise.
In the latest sign of weakness for the world's second-largest economy, consumer prices fell in China in February for the first time in 13 months, the government reported Sunday.
"Taking into account the voices we have heard from the industrial sector, we would like to hold discussions that will be a win-win for both Japan and the U.S.," Muto told reporters late last week.
U.S. Commerce Secretary Howard Lutnick said on NBC's "Meet the Press" that 25% tariffs on steel and aluminum imports will take effect Wednesday.
The S&P 500 climbed 0.6%, storming back from an earlier loss that had reached 1.3%. That followed a punishing stretch where it swung more than 1%, up or down, for six straight days.
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