Concerns around trade tariffs likely drive some of this pessimism,” strategist Lilia Peytavin wrote in a note Friday, adding that tariff-sensitive sectors such as basic resou

The trade threats could reduce exports to the United States and dampen investment in Europe, dealing a blow to growth at a time when the continent is already facing a lackluster economy.

Here’s what you need to know about reciprocal tariffs and who might be impacted by Trump’s plan. Reciprocal tariffs refer to tariffs—the taxes charged on imported goods—the U.S. government plans to levy against global trading partners that are equal to the existing tariffs foreign countries have set against American goods.

European leaders said they would respond firmly to higher levies on steel and aluminum, but they had yet to say what that retaliation would look like.

The European Union’s executive branch has vowed to “take firm and immediate action” against U.S. President Donald Trump’s imposition of tariffs on steel and aluminum.

The European Commission said on Friday it would react "firmly and immediately" against tariff increases resulting from U.S. President Donald Trump's proposed "reciprocal" trade policy, which it labelled unjustified and a step in the wrong direction.

US President Donald Trump has announced plans to introduce a new round of tariffs against the automotive sector by April 2. The announcement comes a day after the signing of a memorandum to impose “reciprocal tariffs” on countries that tax US products,