European stock markets collectively decline as tariffs take effect

European stock markets witnessed a collective decline during today’s trading as US tariffs on several US trading partners, including a 15% tariff on imports from the European Union, took effect.

The European Stoxx 600 index fell 4.68 points, or 0.86%, to 541.43. The German DAX index fell 301 points, or 1.25%, to 23,764.09.

The British FTSE 100 index fell 41.42 points, or 0.45%, to close at 9,091.61. Meanwhile, the French CAC 40 index fell 100.20 points, or 1.29%, to close at 7,671.77.