European stocks likely to open lower on Trump's 25% auto import tariff, impacting global markets.

From Nasdaq: 2025-03-27 01:41:00

European stocks are expected to open lower after President Trump announced a 25% tariff on all auto imports, escalating trade tensions. This move is predicted to disrupt global trade and increase inflation. Asian markets reacted mixed, with Chinese and Hong Kong markets rising. Trump also hinted at reducing tariffs on China to expedite the sale of TikTok’s U.S. business. In other news, China’s industrial profits decreased at the beginning of 2025, impacting global markets. Gold prices increased as trade-war concerns grow, while oil prices held steady after a decrease in U.S. crude inventories. U.S. stocks and the dollar faced losses due to tariff concerns and fears of an economic impact. European markets also fell following the auto tariff announcement, with STOXX 600 dropping 0.7%.



Read more at Nasdaq: European Shares Likely To Open On Cautious Note Amid Tariff Worries