Trade Tariffs effects

European markets traded sharply lower on Monday as global investors braced for U.S. President Donald Trump’s trade tariffs to come into force.

The regional Stoxx 600 index was 1.3% lower by 10:10 a.m. in London, with most sectors and major bourses firmly in negative territory. Germany’s DAX

index led losses, shedding 1.2% during early trade.

The sell-off comes ahead of a raft of Trump tariffs set to come into effect on Wednesday, including a 25% levy on “all cars that are not made in the United States.”

By 10:12 a.m. in London on Monday, Europe’s Stoxx Automobiles and Parts index was 2.4% lower. Volkswagen

was 3.2% lower, while Mercedes-Benz

was down 2.7% and Renault

had shed 3.5%.

The president is also expected to announce his plan for reciprocal tariffs. The Trump administration has dubbed April 2 — the day when Trump’s tariffs come into force and more sectoral levies are expected to be announced — “Liberation Day.”

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