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European stocks hit a two-week low on Thursday after U.S. President Donald Trump ratcheted up transatlantic trade tensions by announcing a new 25-percent tariff on all auto imports.<\/p>\n
In a late-night post on his Truth Social platform, Trump threatened to impose even steeper tariffs on the European Union and Canada if they collaborate to harm the U.S. economy<\/span>.<\/p>\n European Commission President Ursula von der Leyen said she “deeply regrets” Trump’s latest tariffs move. “The EU will continue to seek negotiated solutions, while safeguarding its economic interests,” she said.<\/p>\n The pan European STOXX 600 dropped 0.9 percent to 543.59 after falling 0.7 percent on Wednesday. <\/p>\n The German DAX tumbled 1.3 percent, France’s CAC 40 shed 0.9 percent and the U.K.’s FTSE 100 was down 0.6 percent.<\/p>\n Automakers fell sharply on tariff concerns. Stellantis NV tumbled 5 percent, BMW fell 4.1 percent and Volkswagen declined 3 percent. <\/p>\n Swiss eye care firm Alcon AG dropped 1 percent after it acquired a majority stake in Aurion Biotech.<\/p>\n Symrise, a global supplier of fragrances and flavors, gained half a percent after raising dividend and confirming outlook.<\/p>\n German chemical firm Henkel edged up slightly after voluntarily recalling 1,068 units of its Tec Italy Shampoo Totale. <\/p>\n<\/p>\n<\/div>\n