European Stocks Extend Declines as Trump Ramps Up Tariff Threats

European stocks fell Tuesday as rhetoric about a renewed trade war with the US ramped up, with President Donald Trump threatening a crushing tariff on wine and champagne and French leader Emmanuel Macron blasting his latest moves.

The Stoxx Europe 600 Index dropped 0.7% at the close, after declining 1.2% on Monday. The real estate sector was among the biggest laggards, while media and technology stocks outperformed.