European carmakers are facing a stock market hit after former U.S. President Donald Trump proposed a 25% tariff on EU car imports. Shares of major automakers like BMW, Porsche, and Stellantis dropped sharply. Meanwhile, Rolls-Royce shares surged as the company announced dividends, a Rolls-Royce share buyback, and strong financial results. In the UK, the government is moving closer to approving Gatwick Airport’s expansion, despite environmental concerns.