European Markets Decline Amid US Tariff Concerns, ATHENS General Index Rises

European markets are experiencing losses today (4.3.2025) due to the imposition of 25% tariffs by U.S. President Donald Trump on Mexico and Canada, as well as increased tensions with China. These developments have raised concerns that similar tariffs could be imposed on Europe. The pan-European Stoxx 600 index is down 0.73%. London’s FTSE 100 has dropped by 0.52%, Germany’s DAX shows losses of 1.34%, France’s CAC 40 is down 0.88%, Italy’s FTSE MIB has fallen by 1.08%, and Spain’s IBEX 35 is off by 1%. Shares in automotive companies, affected by trade tariffs, have also declined, with Stellantis falling 3.6%, BMW losing 3%, and Porsche dropping 1.6%. Luxury goods firms like Kering, LVMH, and Hermes, which have exposure to China, have seen declines between 1.7% and 2.3% following Trump’s doubling of tariffs on Chinese products to 20%. Conversely, the Athens Stock Exchange General Index is up 0.17% at 11:00 AM.