European car shares fall on Thursday after Donald Trump's announcement about car tariffs.
The US President's tariffs of 25 percent target all cars not produced in the country, and hit car companies worldwide.
A European stock index for cars and car parts falls by 3.3 percent in the morning. Volvo Cars declines by 6.5 percent on the Stockholm Stock Exchange, and in Frankfurt, Mercedes-Benz falls by 4.5 percent, Porsche by 3.1 percent, and Volkswagen by 2.6 percent.
On the Tokyo Stock Exchange, among others, Mazda and Subaru fell by 6 and 5 percent, respectively.
