European markets opened 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% lower shortly after the opening bell, with all 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 8:18 a.m. in London on Monday, Europe's Stoxx Automobiles and Parts index was 1.7% lower. Volkswagen was down 1.5% and Renault had shed 2.5%.
Source : CNBC
