European markets closed lower Wednesday as investors braced for new U.S. trade tariffs. The Stoxx 50 fell 0.4%, and the Stoxx 600 lost 0.6%, reversing Tuesday's rebound.
Most sectors declined, with healthcare stocks hit hardest—down nearly 2%—amid fading hopes for tariff exemptions. Bayer dropped almost 4%, leading losses. Concerns grew after Trump reiterated that his "reciprocal tariffs" would apply to "all countries." Reports suggest a 20% tariff on most imports, but final details remain uncertain.
The White House confirmed the measures would take effect immediately after their announcement. Adding to trade tensions, the U.S. is set to impose a 25% tariff on foreign-made cars.
Meanwhile, UniCredit received approval for its Banco BPM takeover bid, and Crédit Agricole secured ECB clearance to raise its stake in the Italian lender.
Source: Trading Economics
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