economy
European markets fall as Trump threatens new auto tariffs
European markets slipped into negative territory Monday, as investors watched Middle East developments.
TL;DR
- European markets, including Frankfurt, Paris, and Milan, closed lower.
- US President Trump threatened to increase tariffs on cars and trucks from the European Union.
- Nokia's stock rose significantly after announcing the sale of its fixed wireless access business.
- Oil prices increased due to concerns over shipping routes in the Middle East.
- A vessel was reportedly struck by projectiles north of Fujairah in the UAE.