European automakers fall as Trump pledges tariffs
Corrects to read 'European' in headline
LONDON, Nov 26 (Reuters) -European automakers shares fell in early trading on Tuesday, as traders reacted to President-elect Donald Trump pledging big tariffs on Canada, Mexico and China, news that fueled jitters over a potential global trade war.
A basket of European auto stocks .SXAP was the worst performer among sectors shortly after the open, down 1.5% versus a 0.7% fall in the broader STOXX 600 .STOXX.
Shares in Germany's Volkswagen VOWG_p.DE were down 2.1%, while Stellantis STLAM.MI was the biggest faller, off 3.3% just after 0800 GMT.
French car parts maker Valeo also dropped 2.4%, while German luxury brand BMW .BMWG.DE fell 1.7%. Daimler Truck DTGGe.DE was down 3.6%.
Reporting by Lucy Raitano; Editing by Amanda Cooper
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