India, March 27 -- French stocks are down in negative territory on Thursday, in line with stocks from other major markets across Europe, as U.S. President Donald Trump announced a new 25% tariff on all auto imports.
Trump also posted on his Truth Social Platform that he will impose even steeper tariffs on the European Union and Canada if they collaborate to harm the U.S. economy.
European Commission President Ursula von der Leyen said she "deeply regrets" Trump's latest tariffs move. "The EU will continue to seek negotiated solutions, while safeguarding its economic interests," she said.
The benchmark CAC 40 was down 44.55 points or 0.55% at 7,986.13, about 60 points off an early low of 7,926.93.
Shares of multinational automotive manuf...