European shares drop as Trump's tariffs plan fans trade war fears
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2025
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Should l Buy ?
Source: Reuters
European Market Reaction: European shares dropped sharply due to U.S. President Trump's proposed 25% tariff on cars and goods from the EU, raising concerns about a potential trade war, with the STOXX 600 index falling 0.7%.
Company Performance Highlights: Major European carmakers experienced significant declines, while Rolls-Royce saw a 16% increase after positive earnings news; in contrast, WPP and Howden Joinery reported disappointing results, leading to their respective stock drops of 16% and 6.6%.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
