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European shares saw a downturn on Monday, with automakers particularly impacted by threats of increased U.S. tariffs.
President Trump plans to increase U.S. tariffs on European cars and trucks to 25%.
KEY POINTS
- BMW and Mercedes shares each dropped 2% following new U.S. tariff threats.
- Porsche and Volkswagen shares also fell by 0.9% amid trade tensions.
- Technology stocks, including Nokia and SAP, buoyed the STOXX 600 index with AI-driven growth.
COMPANIES
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