0811 GMT - Shares in European transport and logistics companies sink after President Trump announced wide-ranging tariffs on U.S. imports. The tariffs add to ongoing concerns over the outlook for global trade volumes and also raise the possibility of retaliatory actions from countries. This could increase prices and complexity further. Companies in the sector are underperforming the wider European market in early European trade. The Stoxx Europe 600 index falls 1.3%, while A.P. Moller-Maersk shares fall 7.1% in Denmark, Deutsche Post shares are 4.2% lower in Germany, and Kuehne + Nagel shares fall 3.6% in Switzerland. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 04:11 ET (08:11 GMT)
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