Euro Markets: EUAs drop to year-to-date lows amid widespread tariff-related selling

European carbon prices posted their biggest daily loss in a month on Thursday, falling to the lowest price of the year to date after the market gapped lower at the open as traders reacted to Washington's announcement of new import tariffs on all major trading partners, dropped again in mid-morning as early US selling weighed on the market, before stabilising as participants adopted a watching brief ahead of Friday's verified emissions data for 2024.