*FSB News Insights 🚨* *Source International ➖ USA 🇺🇸* *European stock markets fall as Trump says he will hit EU with tariffs* ➖Donald Trump says the US will "definitely" impose trade tariffs on the EU, after already announcing tariffs on goods from Canada, Mexico, and China ➖The 25% import tax on goods from Canada and Mexico, and 10% on goods from China, begin on Tuesday. ➖Asked by the BBC if the EU was next, President Trump says "it will definitely happen" ➖Stock markets fell in Asia during Monday's trading, while European markets dropped shortly after opening, with car makers particularly affected. Stellantis – whose brands include Chrysler, Citroen, Fiat, Jeep and Peugeot – saw its shares drop by nearly 6%. Among the other European car giants, VW dropped 5.7%, Mercedes was 4.4% lower and BMW was down 4%. Elsewhere, shares in drinks maker Diageo fell 3%. The company is seen as being exposed to the tariffs as it exports tequila from Mexico to the US. ➖On tariffs on UK goods, Trump says the UK is "out of line. But... I think that one can be worked out" ➖Trump has given a range of reasons for imposing tariffs on countries, including border security, inflows of drugs, and trade deficits *From source briefed 🛑 (FSB)*