Trump Threatens to Raise EU Car Tariffs, European Stocks Close Lower
European stock markets closed lower today, driven by rising international oil prices due to tensions in the Strait of Hormuz and US President Donald Trump's recent threat to increase tariffs on EU car imports.
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- 📰 Published: May 5, 2026 at 01:53
- 🔍 Collected: May 5, 2026 at 02:01 (8 min after Published)
- 🤖 AI Analyzed: May 5, 2026 at 02:02 (1 min after Collected)
Central News Agency
(Frankfurt, Central News Agency, May 4, comprehensive foreign report) European stock market major indices closed lower today, as tensions in the Strait of Hormuz pushed up international oil prices, coupled with US President Donald Trump's recent threat to raise tariffs on automobiles from the European Union.
The Frankfurt DAX index fell 301.11 points, or 1.24%, to close at 23991.27 points.
The Paris CAC 40 index dropped 138.72 points, or 1.71%, to close at 7976.12 points.
The London stock market was closed for a bank holiday. (Compiled by: Chen Yen-chun) 1150505
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(Frankfurt, Central News Agency, May 4, comprehensive foreign report) European stock market major indices closed lower today, as tensions in the Strait of Hormuz pushed up international oil prices, coupled with US President Donald Trump's recent threat to raise tariffs on automobiles from the European Union.
The Frankfurt DAX index fell 301.11 points, or 1.24%, to close at 23991.27 points.
The Paris CAC 40 index dropped 138.72 points, or 1.71%, to close at 7976.12 points.
The London stock market was closed for a bank holiday. (Compiled by: Chen Yen-chun) 1150505
Choose to stand with facts, every sponsorship you provide is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to get the latest news in real time.
The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.