A display showing the German Stock Market Index DAX is pictured at the stock exchange in Frankfurt. European stock markets rose in opening trade on Friday despite news that US President Donald Trump has pulled the trigger on a steep increase in tariffs on Chinese goods.[LONDON] European stock markets rose in opening trade on Friday despite news that US President Donald Trump has pulled the trigger on a steep increase in tariffs on Chinese goods.In the eurozone, the Paris CAC 40 index gained 0.
The United States has ramped up punitive duties on US$200 billion in imports from China from 10 to 25 per cent, in a major escalation of the bitter trade war between the world's two biggest economies."This marks a sharp escalation in the trade spat, but it's not gone nuclear yet."