European stock exchanges are expected to open sharply lower on Thursday, after the announcement of tougher customs measures than expected by the Trump administration.

The President of the Republic, Emmanuel Macron, will receive on Thursday afternoon the representatives of the sectors affected by the tariff measures announced by the United States, AFP reported.

Around 7:40 a.m., the CAC 40 futures contract lost 2%, according to data from broker IG.

European equity markets are expected to fall at the open, while Asian stock markets and Wall Street index futures fall after the announcement of new high tariffs by the American President, Donald Trump, by the American President, Donald Trump, for some major trading partners of the United States.

At around 7:40 a.m., the DAX 40 futures contract in Frankfurt fell by 2.2%, while the FTSE 100 in London fell by 1.5%, according to data from broker IG.

In Asia, the Nikkei index on the Tokyo Stock Exchange fell by 3.3% on Tuesday at the end of trading. The Shanghai Composite Index lost 0.6%, while the Hang Seng on the Hong Kong Stock Exchange dropped

On the New York Stock Exchange, the Dow Jones Index (DJIA) futures contract lost 2.2%, while the S&P 500 lost 3%. For its part, the Nasdaq 100 futures contract, rich in technological stocks, dropped

American President Donald Trump announced Wednesday evening that he had made the choice to impose semi-reciprocal tariffs on goods imported from most of the United States' trading partners.

The Trump administration will proceed in two stages. A new customs tariff of 10% on all products imported into the United States will come into force on April 5, before the introduction of higher customs duties on April 9, in particular for China, the European Union and Japan. China is among the countries whose products will be taxed the most, at 34%

The European Union will be charged a general tariff of 20%, compared to the 39% taxes it would levy on its side, Donald Trump said, without however explaining what this last figure covered.

The rate will be 24% for Japan, 26% for India, 32% for Taiwan, and 31% for Taiwan and 31% for Switzerland.

Donald Trump justified these protectionist measures by putting forward his ambition to reindustrialize the United States. “There is no customs tariff if you build your factory in the United States,” he said

China will be among the countries whose products will be taxed the most, at 34%, but this figure must be compared to the 67% tariffs that China would apply to American products, “including currency manipulation and trade barriers”, assured Donald Trump.

“They charge us, we make them pay less. How could they be upset? “, pleaded the American president. “They will be, because we've never charged anyone for anything, but now we're going to do it,” he added.

Donald Trump confirmed the imposition of 25% tariffs on motor vehicles imported from around the world, as of Thursday.

For Wedbush analyst Dan Ives, the new round of tariffs is “worse than the worst-case scenario” that Wall Street feared.

Around 7:40 a.m., the 10-year US Treasury bond yield lost 7 basis points, to 4.06%. That of the two-year stock fell by 6 basis points, to 3.81%

Around 7:40 a.m., the euro rose by 0.9% to 1.0946 dollars. The greenback lost 1.5% against the Japanese currency, to 147.09

Oil prices fell on Thursday in Asia, as President Donald Trump's announcement of new tariffs sparking fears of a global economic downturn that could reduce oil demand.

Around 7:40 a.m., the June contract for North Sea Brent traded in London fell by 1.83 dollars, or 2.4%, to 73.12 dollars per barrel. The May contract for mild light crude (WTI) listed on Nymex lost $1.86, or 2.6%, to