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European Stocks Experience Significant Decline Amid US Tariff Announcement

Doha: European stock indices recorded a collective decline today, concluding their worst trading session since last April. They suffered sharp losses following the announcement of US tariffs on several countries and US trading partners.

According to Qatar News Agency, the pan-European STOXX 600 index fell 1.9 percent, with travel stocks closing down 2.7 percent, banking stocks falling 2.9 percent, and healthcare stocks declining 1 percent.

The German DAX index fell 2.47 percent, the UK's FTSE 100 index fell 0.70 percent at the close, and the French CAC 40 index closed down 2.91 percent.

Earlier today, US President signed an executive order imposing tariffs on several of his country's trading partners, ranging from 10 to 41 percent. The tariff on imports from the European Union reached 15 percent.