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image: REUTERS

European stocks fall as Trump threatens China with tariffs on all $500 billion in goods to U.S.

July 20, 2018

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European stocks fell Friday, with auto and bank shares among those losing ground as U.S. President Donald Trump threatened a significant expansion in tariffs on Chinese imports, underscoring concerns that a global trade war will crimp global economic growth and corporate profits.

What markets are doing

On national indexes, Germany’s DAX 30 index DAX, -1.58% lost 0.5% to 12,628.26, and France’s CAC 40 PX1, -1.17% fell 0.5% to 5,391.68. The U.K.’s FTSE 100 index UKX, -0.50% turned lower, down 0.2% at 7,669.24.

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