Trump fees launch a flurry of losses on European stock exchanges led by car shares

European stocks have fallen after US President Donald Trump imposed 25% of customs on the imports of cars to the United States, which expressed new concerns about the impact of its commercial policy on companies and global economy profits. The European “Stoxx 600” index fell 1.0% at 09:06 Paris time, while the German “DAX” index -which includes some of the largest car manufacturers in Europe -fell 1.5%. European car shares have losses The ‘Stoxx for Car and Parts’ index fell 3.2%, and the shares of “Mercedes-Benz” fell 4.2%, and Volkswagen fell 3.6%, while Styletez shares fell 5.8%, and the Valio parts manufacturer fell 5.2%. Investors are awaiting the imposition of additional customs duties by Donald Trump, who promised to lay up as ‘mutual fees’ on April 2, which could lead to an increase in tension with major commercial partners. Trump approaches, Alexander Haz, head of the investment department at Richelieu group in Paris: “With the announcement of the definitions of cars, it seems to me that the markets must realize that the fees of April 2 will be very important in relation to mutual fees.” He added: “We are still conservative in our short -term recommendations for stock markets, as it has not yet taken this change.” Nevertheless, European stocks are still exceeding their US counterpart in dollars this year, with the support of German spending plans and reducing interest rates, while fears increase over the prospects of the US economy. The US “S&P 500” index fell 1.1% on Wednesday.