European Stocks Sink by Most Since August on Tariff Shock
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European stocks suffered their worst day in eight months after US President Donald Trump announced the steepest tariffs in a century, including a 20% rate for the European Union.
The Stoxx Europe 600 Index sank 2.6% at the close. The major regional stock exchanges were all in the red, with France’s CAC 40 down 3.3%, Germany’s DAX slipping 3% and Denmark’s OMXC25 Index dropping 2.4% into a bear market.