(BFM Stock Exchange)-The Parisian index evolves in clear drop at mid-session of this Friday, July 4, bending under the fears of investors on the development of trade negotiations between the United States and its business partners. The CAC 40 evolves without Wall Street, closed for the independence Day.

The Paris Stock Exchange is moving towards a dull weekend. Its star index, CAC 40, restores 0.90% to 7,684.84 points to mid-session of this Friday, July 4.

The day before, the Parisian star index had won just over 0.2%, relieved by a better than expected American employment report. This paved the way for new records for the S&P 500 and the Nasdaq, despite a shortened session. Wall Street will also be closed this July 4 for National Day (Independence Day).

But the atmosphere is gradually increasing as the deadline of July 9 approaches. On this date, all of the customs from customs presented last April by Donald Trump are supposed to come into force.

The American president said that he was going to send a dozen letter to the countries concerned by his customs surcharges which will vary in a range of 10-20% or even can go up to 60-70%.

“We have some other negotiations, but you know, I would tend to send a letter to specify the customs duties they will pay,” he also added.

The European Union is also in this phase of negotiations with the American administration, with a view to finding an agreement before the fateful date of July 9. The president of the European Commission, Ursula von der Leyen, said he wanted a “negotiated solution”.

The United Kingdom and Vietnam reached an agreement with the United States, while Washington and Beijing concluded a truce on customs duties last May.

An expensive BBB

Still on the commercial field, China has decided to carry out its threat to customs duties aimed at European brandy. Beijing announced on Friday to impose taxes on imports from Brandys from the European Union, from Saturday June 5.

Donald Trump also managed Thursday evening to have the American Congress adopted his “One Big Beautiful Bill”, his “big and beautiful law” by the American Congress, which combines massive tax credits and large cuts in expenses.

However, this budgetary mega-law should cause debt debt over 3.400 billion dollars by 2034, according to the budget office of the congress.

Rémy Cointreau finds an agreement with China

Particularly hectic session for groups of spirits on the stock market, after the decision of Beijing on brandies from the old continent. Net sharp in the morning, Rémy Cointreau contains his withdrawal (-0.13%) after confirmed that he had made a “favorable” agreement with the Chinese authorities concerning minimum price commitments in China. Pernod Ricard gives up 0.2%, after dropping more than 4% this Friday morning.

LDC increased by 3.5% after announcing a turnover of the first quarter better than expected thanks to an increase in chicken consumption over the period.

In the other markets, the euro grabbed 0.07% against the dollar at 1.1777 dollars. Oil is decreasing. The September contract on the Brent de Mer of the North gives up 0.9% to 68.19 Dollars a barrel while that of August on the WTI listed in New York loses 0.84% ​​at 66.44 Dollars per barrel.