India, March 27 -- European stocks are seen opening lower on Thursday after U.S. President Donald Trump ratcheted up transatlantic trade tensions by announcing a new 25-percent tariff on all auto imports.
Analysts said Trump's auto tariff threat will disrupt global trade and underpin local inflation.
European Commission President Ursula von der Leyen described the move as "bad for businesses, worse for consumers," while Canadian Prime Minister Mark Carney labelled it a "direct attack" on Canadian workers.
Asian stocks traded mixed, with Chinese and Hong Kong markets rising, as Trump indicated the possibility of reducing tariffs on China, in an effort to speed up ByteDance's sale of TikTok's U.S. business.
Also, Trump said tariffs coming...