European stocks are showing weakness on Monday amid renewed concerns about tariffs after U.S. President Donald Trump threatened that he will hike levies on European cars and trucks to 25% from the existing 15% rate, saying the European Union had failed to fully comply with a trade agreement negotiated with the US.
Lingering concerns about the situation in the Middle East weigh as well on sentiment. Iran’s navy has reportedly said that it has prevented US ships entering the Strait of Hormuz, after Trump said the US military would help guide stranded vessels today.
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European Markets Lose Ground On Tariff, Geopolitical Concerns
2026-05-04 11:53:08
