Trump's threat of new tariffs on the European Union and Mexico has led to a decline in European stock markets

According to Golden Finance, European stock markets fell on Monday, led by automotive stocks. US President Trump recently threatened to impose high tariffs on the European Union and Mexico, which has made investors uneasy. The European Stoxx 600 index fell 0.6% at the beginning of trading to 544.3 points. Except for the FTSE 100 index in the UK, which rose by 0.2%, other regional stock indices experienced a decline. Trump threatened on Saturday to impose a 30% tariff on goods imported from the European Union and Mexico starting from August 1st. In response, the EU stated on Sunday that it will extend the suspension of countermeasures against US tariffs until early August and continue to push for negotiations to resolve the issue. On Monday, the Italian Foreign Minister stated that if the two sides fail to reach an agreement, the EU has prepared a list of tariffs on US goods worth 21 billion euros ($24.5 billion), exacerbating trade turbulence. European automotive stocks fell 1.4%, while retail stocks fell 1%. (Golden Ten)