Trump announced a 30% tariff on goods from the European Union and Mexico, starting Aug. 1. Mexico and EU leaders said they would continue to negotiate this month before that date. The EU is now preparing to step up its engagement with other countries hit by Trump’s tariffs,

In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Bavarian Nordic added 5.4% and Anglo American rose 4.1%. On the other hand, Grafton Group slipped 7.5%, and Barry Callebaut lost 7.2%. The FTSE 100 added 0.7%. Other stocks in Europe were up as France's CAC 40 increased 0.4% and Germany's DAX climbed 0.2%.