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European stocks fall, gold rises as Trump’s auto tariffs hit markets
Gulf Today
|March 28, 2025
European stock markets fell on Thursday and Wall Street was set to open lower, as shares in some of the world’s biggest carmakers tumbled after US President Donald Trump announced new tariffs on auto imports.
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Trump announced 25% tariffs on all vehicles and foreign-made auto parts imported into the United States late on Wednesday, prompting new losses in Japanese and South Korean stocks in Asian trading overnight.
US automakers lost ground after the bell. General Motors slumped 6%, while shares in Ford fell almost 5%, reflecting concerns about the impact on their supply chains across the European markets.
European stocks fell, with shares in Europe’s top carmakers Volkswagen taking a hit, along with BMW and Mercedes-Benz. The STOXX 600 hit its lowest since March 14, and was down 0.8% on the day at 1209 GMT.
Dit verhaal komt uit de March 28, 2025-editie van Gulf Today.
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