The CAC 40 dropped 0.5% to 7,866 on Friday, snapping a four-session winning streak as renewed global trade tensions unsettled investor sentiment. US President Donald Trump announced a sweeping 35% tariff on Canadian imports effective August 1st, alongside a broader plan to impose blanket tariffs of 15% to 20% on most other trading partners. In Europe, the EU is expected to receive formal notification of the new tariff measures later today, raising concerns over potential retaliatory actions and their impact on European exporters. Domestically, the annual inflation rate rose to a five-month high in June 2025 - surpassing both the preliminary estimate and the previous month's reading. On the corporate front, luxury and automotive stocks were among the worst performers. Kering fell 2.6%, Stellantis NV dropped 2.3%, and LVMH declined 2%. Despite Friday's loss, the index is still on track for its third consecutive weekly gain