European Markets Decline Amid President Trump's Auto Tariff Threats
European markets experienced a downturn as President Trump announced plans to increase tariffs on cars and trucks from the European Union to 25%. This announcement led to a 1.6% drop in European automakers' stocks, with companies like Continental, Mercedes Benz, and Volkswagen seeing significant declines. The tariff threat comes despite a previous Supreme Court ruling that struck down parts of Trump's tariff agenda. Additionally, President Trump unveiled 'Project Freedom', a plan to ensure the safe passage of ships through the Strait of Hormuz, involving military resources. Meanwhile, oil prices saw a slight decrease, with Brent crude and West Texas Intermediate both edging lower. 
