LONDON, March 4 (Reuters) - Euro zone bond yields fell in early trading on Tuesday as traders reacted to U.S. President Donald Trump's new 25% tariffs on imports from Mexico and Canada taking effect and duties on Chinese goods doubling.
Monday saw a sharp rise in longer-dated yields triggered by expectations of a rise in European defence spending.
Germany's 10-year bond yield DE10YT=RR, the euro zone's benchmark, fell 5 basis points (bps) to 2.437%.
Germany's 2-year bond yield DE10YT=RR fell 6 basis points (bps) to 2.01%.
The yield on the 30-year bond DE30YT=RR, which on Monday rose nearly 12 bps, was last down 2 bps at 2.781%.