European equity markets were on track for a weaker open on Monday as renewed tariff uncertainty dampened risk appetite. On Saturday, US President Donald Trump said he would lift the 10% global levy announced a day earlier to 15%, following the US Supreme Court’s decision to strike down his sweeping reciprocal tariffs. The European Parliament’s trade chief said he would propose suspending the ratification process of a trade agreement with the US until greater clarity emerges on Trump’s trade agenda. However, senior US officials indicated that existing trade arrangements with key partners, including China, the EU, Japan and South Korea, would remain intact. On the data front, investors will monitor Germany’s Ifo Business Climate survey for February and Italy’s final January inflation figures. No major corporate earnings releases are scheduled in Europe on Monday. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were down 0.5% and 0.4%, respectively.
