European Stocks Slump Ahead of U.S. Tariff Deadline on Autos and Metals

European equities slid approximately 0.9% today in response to escalating concerns over looming U.S. tariffs. The STOXX 600 declined nearly 1%, led by banking, mining, and retail stocks. Germany’s DAX fell in lockstep, hammered by weakness in its auto and industrial sectors.

Investors are bracing for the U.S. July 9 deadline, when duties of 25% on imported autos and up to 50% on metals from allies may take effect. With no firm trade agreements in place, EU exporters are facing renewed uncertainty. If implemented, these tariffs would sharply affect European manufacturers and exacerbate inflationary and supply-chain pressures. As a result, market sentiment remains fragile until any relief or clarity emerges.