The biggest winners and losers in Europe as Trump announces sweeping tariffs
1. Trump's new tariffs create chaos in U.S. and global markets. 2. EU faces 20% duties; UK has 10% due to trade balance. 3. Luxury goods sector hit hardest; shares of major brands drop significantly. 4. Tariffs on foreign autos expected to damage global supply chains. 5. Shipping and bank sectors experience steep declines amid fears of recession.