European stocks fell sharply after President Donald Trump imposed levies on Mexico, Canada, and China, raising concerns that the region could be next in line for similar tariffs. The Stoxx 600 dropped 1.1% due to declines in automakers and energy stocks, following a record close the previous day. In contrast, Chinese stocks rose as investors speculated Beijing was taking a measured approach with its retaliatory tariffs, avoiding a full-blown trade war.
Source: https://www.bloomberg.com/news/articles/2025-03-03/stock-market-today-dow-s-p-live-updates