European Markets Plunge Amid Trump’s 25% Tariff Announcement on Imported Cars

All major European stock indices opened in negative territory today (March 27, 2025), following announcements by U.S. President Trump regarding the imposition of a 25% tariff on car imports to the USA. Specifically, Trump stated yesterday at the White House that “what we will do is impose a 25% tax on all cars not manufactured in the United States. We will charge countries that operate in our country and take our jobs, take our wealth, and take many things they’ve taken over the years.” In particular, London’s FTSE 100 lost 0.71%, Germany’s DAX dropped 0.95%, France’s CAC 40 fell 0.69%, Italy’s FTSE MIB declined 0.58%, Spain’s IBEX 35 fell 0.55%, and the Stoxx 600 decreased by 0.76%. Conversely, Greece’s Athens Stock Exchange General Index closed at a new 15-year high yesterday (March 26, 2025), rising 1.17%, while it saw an increase of 0.53% on Tuesday (March 25, 2025).