European stocks edged lower Tuesday as investors grappled with the new trade landscape following U.S. President Donald Trump's 10% global tariffs taking effect. The German DAX slipped 0.1%, France's CAC 40 dropped 0.2%, and the U.K.'s FTSE 100 fell 0.2% amid uncertainty about whether pre-existing trade deals remain valid.

The tariff situation remains fluid after the Supreme Court struck down earlier levies, with reports suggesting the White House is considering raising the rate to 15%. An EU assessment found the new policy could increase tariffs on some European exports above previously agreed levels. Trump is expected to address trade during his State of the Union address to Congress Tuesday evening.

Corporate earnings provided some bright spots amid the market weakness. Standard Chartered reported a 16% rise in full-year pretax profit, announced a $1.5 billion share buyback, and increased its dividend by 65%. Telefonica posted a fourth-quarter net loss after €2.8 billion in restructuring charges, while Fresenius Medical Care saw operating income surge on cost savings and favorable reimbursements. Croda International delivered higher adjusted earnings supported by growth in consumer care and life sciences.