European stocks were having a rough session on Wednesday as investors fretted about U.S. President-elect Donald Trump's tariff threats and tried to figure out where interest rates are headed. The continent's flagship Stoxx 600 index fell 0.

Trump said in a post on Truth Social that on his first day in office he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, citing concerns over illegal immigration and the trade of illicit drugs.

General Motors, Ford and Stellantis shares slid Tuesday after President-elect Trump threatened 25% tariffs on all imports from Canada and Mexico. The move by the new administration would likely stop American car demand in its tracks,