India, April 2 -- European stocks closed mostly weak on Wednesday as investors chose to refrain from making significant moves ahead of U.S. President Donald Trump's tariff announcement.
According to reports, the U.S. President is looking to impose a sweeping 20% tariff on most imports, and a separate 25% global tariff on auto imports.
Trump is scheduled to announce the new tariffs in a Rose Garden event shortly after the close of trading, with White House press secretary Karoline Leavitt indicating the new levies will be "effective immediately."
There is still some uncertainty about the quantum of levy and any possible exemptions from tariffs to some countries.
The pan European Stoxx 600 fell 0.5%. The U.K.'s FTSE 100 close down 0.3%, G...