European carmaker shares slide after Trump threatens tariffs
Feb 27 (Reuters) - Shares in some of the biggest European carmakers moved lower on Thursday after U.S. President Donald Trump floated a 25% "reciprocal" tariff on European cars and other goods.
Europe's automobiles and parts index .SXAP retreated by 3.4% to two-week lows, falling the most among other sectoral indices on the region's STOXX 600 .STOXX index, which slipped by 0.6%.
Trump, asked whether he has decided on a tariff rate for goods from the European Union, replied: "We have made a decision, and we'll be announcing it very soon, and it'll be 25%, generally speaking, and that'll be on cars, and all of the things."
Germany's Porsche P911_p.DE, BMW BMWG.DE, Volkswagen VOWG_p.DE and Mercedes Benz MBGn.DE all lost between 2.4% and 2.8% by 0902 GMT.
Volvo Cars VOLCARb.ST was down 4.3%, while Stellantis STLAM.MI slipped 2.4%.
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