Part 2/5:
On Tuesday, the stocks in the European autos and parts sector were highlighted as the worst-performing category on the continent, registering a substantial drop of 1.7%. Trump's proclamations, shared via a post on his social platform Truth Social, detailed that on his first day in office he intends to impose a 25% tariff on all products imported from Mexico and Canada, in addition to a 10% tariff on goods originating from China. This aggressive stance is expected to have significant implications for international trade relations and the automotive industry at large.