European shares edge lower as US tariff deadline looms
The pan-European STOXX 600 index (.STOXX), opens new tab fell 0.4% to 541.61 points, as of 0704 GMT, and was on track to log a weekly decline. Other major regional indexes also traded lower.
Trump said on Thursday that Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States.
With Trump's 90-day pause on higher U.S. tariffs ending next week, investors have taken a cautious stance as several large trading partners, including the European Union, are yet to clinch trade deals.
The EU is pushing for an "agreement in principle" with the U.S. before the deadline.
Mining-related stocks (.SXPP), opens new tab led sectoral declines with a 1.1% fall, while technology stocks (.SX8P), opens new tab lost 0.8%.
Meanwhile, Trump's tax-cut legislation cleared its final hurdle in the U.S. Congress on Thursday. Trump will sign it into law later in the day.
French train maker Alstom (ALSO.PA), opens new tab rose 1.1% on a 2 billion euro ($2.4 billion) contract from the New York Metropolitan Transportation Authority.
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