0932 GMT - The Stoxx Europe 600 autos and parts index falls 3% to its lowest since early December after U.S. President Trump's latest plan for tariffs on car imports. Trump announced 25% tariffs on all cars not made in the U.S., while a U.S. official said the tariffs would also cover automotive parts. Among Europe's stock indexes, Germany's DAX performs the worst due to its high proportion of auto manufacturers, falling 0.9%. "The new tariffs will significantly worsen the situation for German car manufacturers, whose profits have already taken a substantial hit," says CMC Markets' Jochen Stanzl. The biggest fallers among European automakers include Porsche, down 4.1%; Stellantis, down 3.9%; and Mercedes-Benz, down 3.6%. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
March 27, 2025 05:32 ET (09:32 GMT)
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