ROME, March 12 (Xinhua) -- European stocks, particularly in the automobile sector, have faced turbulence amid speculation over new U.S. tariffs and potential European Union (EU) retaliatory measures.
The U.S. imposed a 25 percent tariff on steel and aluminum, effective Wednesday, prompting an immediate EU response with levies on American goods. U.S. President Donald Trump further escalated tensions by threatening higher tariffs on European car imports and broader restrictions on various European products, set to take effect on April 2.
