European Stocks Fall From Record as Trump Ramps Up Tariff Threat
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European stocks fell from a record high on worries that the region could be caught in a trade spat with the US. Automakers sank as President Donald Trump threatened 25% tariffs.
The Stoxx 600 index dropped 0.5% by the close after Trump made a series of apparently contradictory comments about his plans to enact levies on the European Union. He said Thursday tariffs on Canada and Mexico are on track to go into place on March 4, and that he would impose an additional 10% tax on Chinese imports.