(BFM Stock Exchange) – The Parisian index contained its decline at 0.27% this Monday, July 14. Donald Trump’s threat to establish customs duties of 30% on European imports has been highly put into perspective.

Trump’s new customs threats have not created a shock wave on the market. The CAC 40 finished the session on Monday on Monday on a withdrawal ultimately very light from 0.27% to 7,808.17 points. All European markets have done the same. At Wall Street the clues varied little at the time of the European fence. The S&P 500 took 0.03% to 6,262.33 points while the Nasdaq Composite advanced 0.15%.

During the weekend, Donald Trump, announced that he intended to establish customs duties of 30% on imports from the European Union and Mexico from August 1.

“We believe that the Trump administration uses this last climbing customs to maximize its negotiation power and that it will eventually defuse the situation, especially if the volatility of the bond markets and scholarship holders increases again,” said UBS.

For its part, the European Union has, for the time being, has timed as to potential response measures. The president of the European Commission, Ursula von der Leyen, said that Europe still intended to favor “a negotiated solution”.

“Our basic hypothesis remains that the two parties will probably reach an agreement before August 1, or that the administration will repel the deadline again while negotiations continue,” judges UBS.

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Hermès hardly shone

“However, the apparently maximalist and aggressive requirements of the American president – in particular ‘full and open access to the market in the United States, without any customs rights’ – make it difficult to forecast the response of the European Union. There is now a significant risk of climbing commercial tensions between Europe and the United States, which would be harmful for both economies,” said the Swiss bank.

On the values side, Hermès lost 1.1% leaded by a lowering of Jefferies recommendation to “keep” against “buy” previously.

The defensive values have behaved well. Orange took 1.7% and Danone won 0.6%. Defense values, such as Dassault Aviation (+1.7%) and Thales (+1.4%), were somewhat worn by Emmanuel Macron’s announcements. The President of the Republic announced on Sunday, 3.5 billion euros in additional defense expenses for 2026 and 3 billion for 2027.

Excluding CAC 40, Rémy Cointreau returned 3.4%. The group of spirits had experienced a good flight in these last sessions, carried out partly by hopes of agreement between the European Union and the United States which would avoid heavy customs from European alcohols. The threat verbalized by Donald Trump, this weekend, reminds that everything is not won and can push the market to take part of the recent benefits on the title.

Valneva took 4% after the European Health Authority raised its temporary restrictions on the use of the group’s vaccine against chikungunya among those over 65.

Eurazeo won 1.1% after announcing a CPK transfer project, the parent company of several candy brands, to a subsidiary of Ferrero.

In other markets, the euro is almost stable against the dollar at 1.1694 dollars. Oil loses ground. The September contract on the Brent de Mer of the North loses 1.3% at 69.44 Dollars per barrel while that of August on the WTI listed in New York cedes 1.2% to 67.38 dollars per barrel.

The oil prices won after Donald Trump threatened to establish “very severe” customs duties against Russia within 50 days if an agreement to end the war in Ukraine was not established by then.