The wide Stoxx Euro-600 decreased by 0.6 percent at the beginning of the bidding, while Germany’s Blue-CHIP DAX Index, which includes several large exporters, decreased by 1 percent.
Trump threatened Wednesday during his first meeting of his office since he took over last month, saying that the EU was “formed to twist the United States.”
“We made the decision and we will announce it very quickly,” Trump said when he asked his EU tariff plans. “It will be 25 percent, as a rule, and it will be on cars and everyone else.”
Germany Volkswagen and Mercedes-Benz both fell by 2 percent and Porsche lost 2.3 percent. The Stellantis Paris Car fell by 2.3 percent.
This year, European actions have risen because the region has still avoided the worst scenario of the trade war.
“The latest tariff titles are a reality check for the Autos and the wide EU market,” said Emanuel Kau, Barclays analyst.
This is a developing story
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2025-02-27 08:39:00
