Luxury and Auto Stocks Lead CAC 40 Plunge Amidst Trade Tensions

The CAC 40 suffered a significant decline, plummeting over 6.5% in a short span of trading sessions driven by escalating trade tensions. A recent announcement by President Trump of increased tariffs on both Chinese and European imports sparked widespread sell-offs across the market. This triggered a sharp drop in the Paris Stock Exchange, which closed down 2.25%, indicating rising anxieties about a potential global economic confrontation.