Skip to content
Subscriber Only

European Stocks Slide After Trump Drops Mexico Tariff Bombshell

European equities tumbled after U.S. President Donald Trump announced tariffs on Mexican products, with the White House’s latest attempt to stem immigration from the Latin American country risking jeopardizing a new North American trade agreement.

Companies with large exposure to Mexico fell, including Spanish banks BBVA and Banco Santander SA, carmakers like Fiat Chrysler Automobiles NV, and brewers such as Sol lager-producer Heineken NV. The Stoxx Europe 600 benchmark slipped 1.1% to bring its decline for the month to 5.9%, the worst such period this year.