(BFM Stock Exchange) – The Paris Stock Exchange Closes under 8,000 points this Tuesday, March 11, shaken by the new announcements of Donald Trump which plans to tax Canadian steel and aluminum to tax at 50%.

Donald Trump’s erratic policy on customs duties still put the nerves of investors to Rude Tuesday, March 11. Slightly dropping at midday, the Paris Stock Exchange suddenly won in the afternoon after Donald Trump’s announcements on new commercial threats against certain imported products from Canada.

This exit from the American president once again weighed on the CAC 40 which ends in a clear drop by 1.31%, back below the key threshold of 8,000 points, to 7,941.91 points.

Donald Trump announced an increase in customs duties on Canadian steel and aluminum applicable on Wednesday, to bring them from to 50%, compared to 25% previously. Bad news never arriving alone, Donald Trump also promised to “considerably increase” customs surcharges on Canadian cars from April 2, “if Canada does not give up other incredible and long -standing customs duties”.

The President is going back to blow, since the Canadian province of Ontario decided on Monday to apply customs duties of 25% to the export of electricity to the United States. This customs surcharge will be maintained, “until the American customs duties are eliminated once and for all,” the government said in a statement quoted by Radio Canada.

At Wall Street, the American clues are also under pressure after a nightmare session. At the end of European markets, the Dow Jones still drops 1.25%, when the S&P 500 gives 0.8%.

Sounded markets

The higher drop in the Parisian star index, Stellantis made 5.3%. The automaker being a collateral victim of customs surcharges implemented by the Trump administration on Canadian imports. Stifel estimated that 16 billion revenues from Stellantis were exposed to these customs tariffs.

Leisure and travel groups were sealed by the warning on Delta Airlines results. The American airline lowered its forecasts for the first quarter. The company has cited morale of American consumers and less favorable businesses.

This explains the fall in Air France-KM action (-9.3%) and that of the Accor hotel group (-4.25%).

On the side of the increases, Renault took 1.1% when Nissan announced the resignation of its director general Makoto Uchida, replaced by its planning director Ivan Espinosa.

In the other markets, the euro is flying to the highest since spring 2024, taking 0.8% against the dollar at 1.0,927 dollars. Oil is advancing a little. The May contract on the Brent de Mer northern, earns 0.6% at 69.68 dollars per barrel while the April on the WTI listed in New York takes 0.5% at 66.38 Dollars a barrel.