Key Developments:*

⚠️ The European Union has announced its readiness to respond to Trump's decision, increasing the likelihood of escalating the trade dispute⁽¹⁾.

📉 Shares of European steel companies such as *ArcelorMittal* and *Thyssenkrupp* have declined due to concerns over the impact of new tariffs⁽¹⁾.

📊 Investors are awaiting the *European Central Bank's* decision on interest rates this week, along with statements from Bank President *Christine Lagarde* and *Federal Reserve* Chairman Jerome Powell⁽¹⁾.